Peru · Delayed Price · Currency is PEN Ferreycorp Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 saw double-digit sales growth and improved profitability, driven by strong equipment demand and operational efficiency. Major mining contracts and a one-off recovery boosted results, while guidance was raised to low double-digit revenue growth for the year.
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Q1 2026 saw 8.3% USD sales growth, driven by mining and infrastructure equipment demand, but margins and net profit declined due to FX losses and a shift in sales mix. Operational efficiency improved, and leverage remains well within covenants. Adjusted net profit rose 17% year-over-year.
Fiscal Year 2025
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2025 saw strong financial results with 3% sales growth, robust returns, and expanding mining rental business. Margins declined due to competition and sales mix, but efficiency measures and a $130M CapEx plan for 2026 aim to sustain performance.
Fiscal Year 2024
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Q3 2024 saw strong financial performance with net profit up 149% year-over-year, driven by higher sales, robust margins, and FX gains. Non-Caterpillar segments and services grew, while leverage and asset turnover improved. Cautious optimism remains amid political and FX uncertainties.