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Cementos Pacasmayo S.A.A. (symbol: CPAC) is a leading Peruvian company in the industrial and mining sectors, primarily focused on the production and commercialization of cement, quicklime, concrete blocks, ready-mix concrete, and various aggregates. The company operates with a mission to support the construction and mining industries by providing high-quality materials that meet rigorous standards.
Cementos Pacasmayo boasts a modern cement plant in Pacasmayo, complemented by additional facilities in Rioja and Piura. These strategically positioned plants enable efficient distribution across the northern and eastern regions of Peru, ensuring that local demands are met promptly and effectively. The company's wide-reaching network of ready-mix concrete plants located in Chimbote, Trujillo, Pacasmayo, Chiclayo, Piura, and Cajamarca further enhances its market presence.
Commercially, Cementos Pacasmayo operates through its subsidiary, Comercial DINO S.R.Ltda., which manages an extensive network of associated distributors. This robust distribution framework ensures that customers throughout the region receive prompt and reliable service.
In recent years, Cementos Pacasmayo has achieved significant milestones, including the commissioning of its state-of-the-art cement plant in Piura, which contributes to the company’s production capacity and technological advancement. The company also maintains a strong financial condition, which underpins its ongoing projects and partnerships aimed at innovation and sustainability in its operations.
Products from Cementos Pacasmayo are integral to various construction projects, from residential buildings to large infrastructure developments. Additionally, the company’s quicklime production supports Peru’s mining industry, highlighting its versatile contributions to the country's economy.
Cementos Pacasmayo's ongoing commitment to quality and customer satisfaction, combined with strategic geographic positioning and advanced production facilities, ensures its continued prominence in the Peruvian market.
Cementos Pacasmayo S.A.A. (NYSE: CPAC) reported its Q2 2024 and 6M 2024 results. In Q2, revenues increased by 3.4% due to improved sales mix, while sales volume decreased by 5.8%. Consolidated EBITDA rose 6.1% to S/119.5 million, with a margin of 26.1%. Net income decreased by 15.4% to S/ 36.8 million. For 6M 2024, revenues grew 1.3%, despite a 6.5% decrease in sales volume. EBITDA increased 8.1% to S/252.3 million, with a margin of 27.0%. Net income remained stable at S/ 86.3 million. The company benefited from operational efficiencies and lower costs due to its new kiln in Pacasmayo.
Cementos Pacasmayo S.A.A., a leading cement company in Peru, has filed its annual report for the fiscal year ended December 31, 2023 with the SEC. The report is available on the SEC's website and the company's website. Investors can request a hard copy of the financial statements. For more information, visit the company's website or contact the Investor Relations Manager.
Cementos Pacasmayo S.A.A. reported consolidated results for the first quarter of 2024, showing a 10.0% increase in EBITDA due to lower costs and operational efficiencies. Despite a 7.2% decrease in sales volume, the company achieved a 2.8 percentage point increase in EBITDA margin. Net income rose by 13.8% to S/49.5 million, attributed to operational efficiencies.
Cementos Pacasmayo S.A.A. (NYSE: CPAC) reported its 1Q23 financial results, highlighting key figures that reflect the impact of adverse weather conditions. The company experienced an 8.6% decrease in revenues compared to 1Q22, attributed to cyclone Yaku's severe rainfall, affecting shipment capabilities. Cement sales volume declined by 16.4%, with a significant 23.4% drop in March due to ongoing weather challenges and uncertainty. Consolidated EBITDA fell to S/120.7 million, down 5.3%, although this figure remained stable compared to 4Q22. Net income also decreased by 4.8% to S/43.5 million. On a positive note, the company reported a 25.1% EBITDA margin, an increase of 0.8 percentage points from the previous year. The company paid off US$131.6 million in Senior Notes in February 2023.
Cementos Pacasmayo S.A.A. (NYSE: CPAC) released its 4Q22 and 2022 financial results, reporting a 1.7% increase in revenues driven by higher bagged cement prices. However, sales volume of cement, concrete, and precast dropped by 7.7% in 4Q22 due to slowdowns and roadblock issues. EBITDA fell 14.5% to S/121 million, while net income declined by 24.6% to S/38.9 million. For the full year 2022, revenues rose by 9.2% and net income grew 15.4% to S/176.8 million. The company was recognized in the Sustainability Yearbook 2023 by S&P for its ESG performance.
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