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. reports developments for a Peruvian construction-materials producer focused on cement, ready-mix concrete, precast materials and quicklime. The company serves Peru’s northern region, sells products used in construction and mining, and operates cement plants, ready-mix and precast concrete facilities, and a retail distribution network.
Recurring CPAC news includes IFRS consolidated results stated in soles, cement and concrete sales-volume trends, EBITDA and debt commentary, annual Form 20-F reporting, shareholder-meeting actions, dividend approvals, board and committee changes, ESG and climate-risk disclosures, and the completed Holcim indirect change of control through Inversiones Aspi S.A.
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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.