Welcome to our dedicated page for Loma Negra Compania news (Ticker: LOMA), a resource for investors and traders seeking the latest updates and insights on Loma Negra Compania stock.
Loma Negra reports operating and financial developments for its Argentina-based cement and construction-materials business. The company produces and distributes cement, masonry cement, aggregates, concrete and lime, with nationwide operations supported by limestone reserves, plants and distribution channels. Its American depositary shares trade on the NYSE under LOMA, with one ADS representing five common shares, and its shares also trade on BYMA.
Recurring company updates include quarterly earnings releases, cement segment revenue, sales volumes for cement, masonry and lime, concrete dispatches tied to private and public construction, aggregates demand, railroad transportation volumes, debt and leverage, sustainability reporting, and annual Form 20-F filing notices.
Loma Negra, the leading cement producer in Argentina, filed its annual report for the fiscal year 2023 on Form 20-F with the SEC. The report and audited financial statements are available on the SEC's and the Company's websites.
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Loma Negra, a leading cement producer in Argentina, reported its 4Q22 results with a net revenue increase of 1.1% YoY to Ps. 145,133 million (US$ 835 million). Despite this, consolidated net income plummeted 85.4% YoY to Ps. 1,807 million. Adjusted EBITDA reached Ps. 43,345 million, down 3.8% YoY, though it grew 34.3% in USD terms to US$ 289 million. The EBITDA margin contracted to 29.9%. The company declared a dividend of Ps. 3,500 million (US$ 19.5 million) and repurchased shares worth Ps. 1,263 million. The 4Q22 saw a net profit of Ps. 7,452 million, boosted by the sale of a non-strategic property, while net debt rose to Ps. 15,859 million.
Loma Negra (NYSE: LOMA), Argentina's leading cement producer, reported its 3Q22 financial results, showing a 4.2% year-on-year increase in net sales revenues to Ps. 33,942 million (US$ 236 million). However, Consolidated Adjusted EBITDA dropped 12.7% YoY to Ps. 7,508 million, reflecting a reduced margin of 22.1%. The company recorded a net loss of Ps. 12,241 million, primarily due to financial costs tied to foreign currency debt cancellations. A dividend of Ps. 10,300 million (US$ 81 million) was distributed, marking a commitment to shareholder value amidst challenging financial conditions.
Loma Negra (NYSE: LOMA) reported a strong performance for the second quarter of 2022, with net sales increasing by 8.0% YoY to Ps. 25,268 million (US$ 204 million). Adjusted EBITDA rose 2.6% YoY to Ps. 7,328 million (US$ 63 million), though margins contracted to 29.0%. Net profit reached Ps. 2,413 million, rebounding from a loss in 2021, driven by improved operations and reduced tax burdens. The company declared a dividend payment of Ps. 5,150 million (Ps. 8.80 per share). Despite a rise in net debt, the Net Debt/Adjusted EBITDA ratio improved to 0.01x, reflecting robust cash generation.
Loma Negra (NYSE: LOMA) announced a dividend payment of ARS 10,300,000,000, equivalent to ARS 17.59 per share, scheduled for July 12, 2022. Shareholders can choose to receive dividends in Argentine Pesos or opt for conversion to US Dollars based on the Central Bank's exchange rate. To exercise the US Dollar option, notification must be provided between July 4 and July 8, 2022. Payments will be processed through Caja de Valores S.A. in Buenos Aires.