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Chihuahua, Mexico, July 27, 2021 (Global News Agency)-GCC, SAB de CV (BMV:Gulf Cooperation Council), the leading cement and concrete suppliers and producers in the United States, Mexico and Canada, today announced their results for the second quarter of 2021.
Highlights of the second quarter of 2021
- Mexico’s cement and ready-mix sales increased by 17.1% and 41.4%, respectively
- Total U.S. cement increased by 10.6%, excluding oil well cement increased by 4%
- U.S. cement and ready-mix prices rose by 8.3% and 6% respectively
- Consolidated net sales increased 18.1% to 286.7 million US dollars
- EBITDA increased by 18.6% to US$97 million, and EBITDA margin was 33.8%
- Free cash flow increased by 18% to US$41.4 million, with an EBITDA conversion rate of 42.7%
- As of June 2021, the net leverage (net debt/EBITDA) ratio has dropped to 0.06 times
- Earnings per share increased by 43.7% year-on-year to US$0.1439
Key person (One million U.S. dollars)
| Q2 21 | Q2 20 | Q2 21 vs Q2 20 | H1 21 | H1 20 | H1 21 and H1 20 | |
| Net sales | 286.7 | 242.8 | 18.1% | 465.5 |
The full story on Benzinga.com
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