GCC Reports First Quarter 2025 Results

Core Insights - GCC, S.A.B. de C.V. reported a decrease in net sales and earnings for Q1 2025, reflecting challenges faced during the quarter [1][2][5] - The company remains optimistic about its future growth potential, citing a strong project pipeline and operational agility [3][5] Financial Performance - Net sales decreased by 9.6% year-on-year to $246.5 million [3][5] - Operating income before other expenses fell by 17.9% to $48.0 million [3][5] - EBITDA decreased by 11.3% to $73.6 million, with an EBITDA margin of 29.8% [3][5] - Free cash flow dropped significantly by 67.9% to $13.0 million [3][5] - Net income decreased by 16.9% to $40.6 million, with earnings per share down 17.1% to $0.1240 [3][5] Market Dynamics - U.S. concrete volumes increased by 4.7%, while cement and concrete prices rose by 3% and 12.1%, respectively [5] - In Mexico, cement and concrete prices increased by 5.2% and 2.9%, respectively [5] Company Overview - GCC is a leading supplier and producer of cement, concrete, aggregates, and construction-related services in the U.S. and Mexico, with an annual cement production capacity of 6 million metric tons [6]