Mexico · Delayed Price · Currency is MXN Nemak, S. A. B. de C. V. Earnings Call Transcripts
Fiscal Year 2026
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Revenue rose 19% year-over-year to $1.5 billion, driven by acquisitions and higher aluminum prices, while EBITDA declined 6% due to extraordinary North American costs and forex effects. Management reaffirmed full-year EBITDA guidance, expecting cost normalization and continued synergy capture from recent acquisitions.
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Revenue rose 15% year-over-year to $1.4 billion, driven by the GF Casting Solutions acquisition, while EBITDA fell 15% due to extraordinary expenses and FX headwinds. Integration efforts, footprint optimization, and a robust growth pipeline position the company for improved profitability and deleveraging.
Fiscal Year 2025
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2025 saw stable revenue and EBITDA within guidance, despite impairments and FX losses leading to a net loss. The GF Casting Solutions acquisition closed, expanding capabilities and global reach. 2026 guidance anticipates higher revenue and EBITDA, with disciplined CapEx and continued focus on integration.
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Revenue held steady at $1.23 billion, while EBITDA fell 15% year-over-year due to the absence of prior year one-offs and higher ramp-up costs. Net income rose to $25 million, and the acquisition of Georg Fischer Casting Solutions is set to expand capabilities and geographic reach.
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EBITDA grew 12% year-over-year on stable revenue and cost discipline, with strong North America performance and continued debt reduction. Full-year guidance is reaffirmed, with free cash flow and leverage targets on track despite market uncertainties.
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EBITDA rose 3% year-over-year to $149 million despite a 7% volume decline, with stable revenue and strong margin improvement. Guidance remains unchanged amid tariff uncertainty, and deleveraging continues, with net debt/EBITDA at 2.5x.
Fiscal Year 2024
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2024 delivered higher EBITDA and improved leverage despite lower volumes, driven by cost controls, commercial repricing, and strategic CapEx cuts. 2025 guidance anticipates stable margins, lower CapEx, and continued deleveraging amid market volatility and evolving electrification trends.
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Q3 2024 saw 3% EBITDA growth to $169M despite a 9% volume drop, with revenue down 4% to $1.2B. Updated 2024 EBITDA guidance is $640M, driven by commercial negotiations and cost controls, with positive free cash flow and improved leverage expected by year-end.
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EBITDA rose 6% year-over-year to $163 million despite a 6% volume drop, driven by cost reductions and commercial negotiations. Revenue fell 5% to $1.3 billion, while net income increased to $45 million. Focus remains on margin recovery, cash flow, and adapting to shifting market demand.