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.
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%.
Cementos Pacasmayo S.A.A (NYSE: CPAC) announced its 4Q21 and 2021 consolidated results, showing a 10.4% increase in revenues driven by higher cement prices despite a 6.2% decline in sales volume. Consolidated EBITDA rose by 10.5% to S/ 141.5 million, maintaining a 27% EBITDA margin. Net income increased by 8.6% to S/ 51.6 million. For the full year, revenues grew by 49.5% and net income surged 164.5%, reflecting a strong recovery from 2020's downturn. The company also received recognition in the Sustainability Yearbook 2022.
Cementos Pacasmayo S.A.A. (NYSE: CPAC) reported its 3Q21 and 9M21 financial results, showing a significant recovery in demand. Sales volume increased 14.4% in 3Q21 and 49% in 9M21, leading to a 24.5% rise in revenues. Despite this, net income for 3Q21 fell 6.9% to S/ 42.1 million due to cost increases. The company plans to invest US$ 70 million to expand its plant capacity amid rising demand. EBITDA margins decreased, primarily attributed to the use of imported clinker.
Cementos Pacasmayo S.A.A. (NYSE: CPAC) reported significant growth in its 2Q21 and 6M21 results, primarily driven by a remarkable recovery from the commercial halt in 2Q20. Sales volume surged by 257.2% in 2Q21 and 124.1% in 6M21. Correspondingly, revenues soared by 285.7% and 119.0%, respectively. Consolidated EBITDA increased to S/90 million for 2Q21 and S/195.2 million for 6M21, indicating strong profitability. Net income also rose to S/27.7 million for the quarter and S/59.5 million for the half-year.
Cementos Pacasmayo (NYSE: CPAC) reported strong financial results for Q4 2020, with a 37.2% increase in sales volume, largely driven by bagged cement sales for self-construction and public sector projects. Revenues rose by 27.1%, while consolidated EBITDA reached S/ 128.1 million, a 27% year-over-year rise. Net income soared 61% to S/ 47.5 million. Despite a 6.9% revenue decline for the full year due to production halts in Q2, market share improved to 25.6%. Cementos Pacasmayo was also recognized in the Sustainability Yearbook 2021.
Cementos Pacasmayo S.A.A. (NYSE: CPAC) announced a cash dividend of S/ 0.23 per common and investment share, totaling S/ 106,753,888.89 from retained earnings as of December 31, 2015. This decision aligns with the directive from the Annual Shareholder's Meeting held on July 9, 2020. The lower dividend reflects the company's priority to maintain workforce health and safety during the pandemic. The dividend will be distributed on December 18, 2020, with specific payment details for ADS holders through JP Morgan Chase Bank.
Cementos Pacasmayo S.A.A. (NYSE: CPAC) reported strong third-quarter results for 2020, with a 14.2% increase in sales volume, driven by cement sales primarily for self-construction and reconstruction projects. Revenues rose 6.3%, while consolidated EBITDA reached S/ 120.6 million, an 8.2% increase, marking a historical high. However, for the nine months ended September 30, 2020, sales volume declined 15.4% and revenues dropped 19.4% due to a halt in production. Net income decreased 89.9% for the nine months, but the company expects a continued recovery.