Mexico · Delayed Price · Currency is MXN GCC, S.A.B. de C.V. Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw strong revenue and EBITDA growth, driven by robust US and Mexico project activity, with Odessa expansion nearing completion. Margin pressure from logistics and fuel costs is expected to normalize in H2, while disciplined capital allocation and M&A continue.
Fiscal Year 2025
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Record 2025 sales and EBITDA were driven by strong U.S. volumes and disciplined execution, despite headwinds from currency and oil well cement. 2026 guidance anticipates growth in U.S. cement volumes, stable pricing, and continued investment in Odessa and logistics, with margin pressure from ramp-up costs.
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Revenue grew 10% year-over-year, led by U.S. infrastructure and renewable energy demand, while margins were pressured by higher costs and softer cement pricing. Margin recovery is expected in 2026 with cost initiatives and Odessa plant ramp-up. Guidance for the year is reaffirmed.
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Consolidated sales rose 1% year-over-year, with strong U.S. growth offsetting Mexico's decline due to FX and sector softness. EBITDA margin was 32.5%, and full-year guidance was revised downward amid ongoing cost pressures and market uncertainty.
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Q1 2025 saw sales and EBITDA decline year-over-year due to weather, tariffs, and FX headwinds, but strong U.S. infrastructure backlogs and resilient residential demand in Mexico support a stable outlook. Cost structure remains solid, with Odessa expansion on track and new financing secured.
Fiscal Year 2024
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Record revenue and EBITDA were achieved in 2024, with margins surpassing targets despite market headwinds. U.S. operations drove growth, supported by strategic acquisitions and disciplined cost management, while 2025 guidance projects continued EBITDA growth and major CapEx for expansion.
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Q3 2024 delivered record EBITDA margins and strong profitability despite lower volumes, with robust cost controls and sustainability initiatives. U.S. and Mexico volumes fell short of guidance, but demand is stabilizing and margins are expected to remain strong into 2025.
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Second quarter sales declined 1% year-over-year, but EBITDA rose 1% and net income increased 9% due to cost control and margin discipline. U.S. and Mexico volumes were revised to flat or slightly down for the year, while pricing remains resilient and capital allocation focuses on growth, sustainability, and shareholder returns.