Welcome to our dedicated page for Cementos Pacasma news (Ticker: CPAC), a resource for investors and traders seeking the latest updates and insights on Cementos Pacasma stock.
Cementos Pacasmayo S.A.A. (CPAC) is a Peruvian cement company located in the northern region of Peru, focused on producing, distributing and selling cement, ready-mix concrete, precast materials and quicklime. The news flow around CPAC centers on its role in the Peruvian construction industry and its financial and corporate developments as a foreign private issuer listed on the New York Stock Exchange.
On this news page, readers can follow the company’s periodic announcements of consolidated results for each quarter and the full year. These releases typically discuss sales volumes of cement, concrete and precast materials, revenue trends, EBITDA performance and net income, along with commentary on demand from bagged cement, infrastructure-related projects and public sector investment. The company also highlights operational factors such as efficiencies from new kilns and raw material cost conditions.
Investors can also track corporate actions and governance events. Recent news includes the filing of the annual report on Form 20-F with the U.S. Securities and Exchange Commission, notices of the Annual Shareholders’ Meeting, and decisions by the Board of Directors regarding annual cash dividends on common shares, investment shares and ADSs. The company’s communications describe the mechanics of dividend distribution and relevant record and payment dates.
Another key news theme is ownership and control. Cementos Pacasmayo has reported that majority shareholders of Inversiones ASPI S.A., which owns 50.01% of the company’s share capital, entered into a share purchase agreement with Holcim Ltd., subject to regulatory approvals and conditions precedent. Updates on this transaction, as well as changes in principal legal representatives and other material events, are provided through press releases and Form 6-K filings. Users interested in CPAC can use this page to monitor these developments and review the company’s official communications over time.
Summary not available.
Summary not available.
Summary not available.
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.
Cementos Pacasmayo S.A.A (NYSE: CPAC) reported its 3Q22 results, highlighting a 9.1% revenue increase driven by higher bagged cement prices despite a 5.9% decline in sales volume. EBITDA rose by 6.5% to S/124.9 million, and net income increased 5.0% to S/44.2 million. For 9M22, revenues climbed 12.0%, with net income up 35.7% to S/137.9 million. The EBITDA margin for 9M22 was 23.6%, a 1.5 percentage point increase. The company will hold a conference call on October 27, 2022.
Cementos Pacasmayo S.A.A (NYSE: CPAC) reported strong financial results for the second quarter and first half of 2022, with revenues increasing by 14.1% in 2Q22 and 13.5% in 6M22, primarily driven by higher cement prices. Net income surged by 73.3% to S/48 million in 2Q22 and 57.5% to S/93.7 million in 6M22. However, sales volumes of cement, concrete, and precast decreased by 1.9% and 3.7% respectively, indicating a moderation from last year's high.
Cementos Pacasmayo S.A.A, a major cement provider in Peru, has submitted its annual report for the fiscal year ending December 31, 2021, on Form 20-F to the U.S. SEC. The report and audited financial statements are available on the SEC’s website and the company's site. Investors can request a hard copy of the report by contacting María Teresa Pacheco via email. For further inquiries, Claudia Bustamante, the Investor Relations Manager, is available for contact.
Cementos Pacasmayo S.A.A. (NYSE: CPAC) will host an Analyst and Investor Day on June 29, 2022 in New York, NY. The event aims to connect equity analysts and institutional investors with the company's leadership team, including CEO Humberto Nadal del Carpio and CFO Manuel Ferreyros Peña. Registration starts at 9:00 a.m. ET with presentations commencing at 9:30 a.m.. Attendees must pre-register via email to attend this invitation-only event. Cementos Pacasmayo has over 60 years in the cement industry and its shares are listed on the NYSE.
Cementos Pacasmayo (NYSE: CPAC) reported a 13.0% increase in revenues for 1Q22, driven by higher prices of bagged cement amid inflationary pressures.
However, sales volume declined by 5.3% due to reduced sales from reconstruction projects. Despite this, March sales showed recovery.
Consolidated EBITDA rose to S/127.5 million, a 21.3% increase, alongside a 43.7% rise in net income to S/45.7 million. EBITDA margin improved to 24.3%.