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 (NYSE: LOMA), Argentina's leading cement producer, has filed its 2021 Annual Report with the SEC as of April 29, 2022. This report covers the fiscal year ending December 31, 2021. Stakeholders can access the report on the SEC website or the company’s official site. Loma Negra continues to be a key player in Argentina's construction sector, focusing on cement and related products.
Loma Negra (NYSE: LOMA), the leading cement producer in Argentina, reported a 5.5% YoY decline in net sales revenue to Ps. 19,310 million (US$ 171 million) for 1Q22, primarily due to decreased Cement and Concrete sales. Adjusted EBITDA fell 11.2% YoY to Ps. 6,484 million (US$ 60 million), with a margin contraction to 33.6%. Net profit decreased by 21.3% to Ps. 3,134 million. Despite these declines, the company maintained a strong operational performance, benefiting from improved sales in Aggregates and Railway segments. It also returned capital to shareholders with a US$ 45 million dividend payment in April 2022.
Loma Negra C.I.A.S.A. (NYSE: LOMA), Argentina's leading cement producer, has declared a dividend payment totaling ARS 5.15 billion, equivalent to ARS 8.80 per share. This decision was made during the Board of Directors' meeting, with a payment date set for April 26, 2022. Shareholders can opt to receive dividends in either Argentine Pesos or US Dollars, with the latter requiring prior notification. The payment will be processed through Caja de Valores S.A. in Buenos Aires. The company was founded in 1926 and plays a pivotal role in the construction industry.
Loma Negra (NYSE: LOMA) reported its 4Q21 results with a net revenue increase of 17.3% YoY, totaling Ps. 73,668 million (US$ 655 million), supported by enhanced cement demand. However, 4Q21 net sales dropped 3.8% YoY to Ps. 19,257 million (US$ 187 million), primarily due to reduced cement sales. Adjusted EBITDA fell 10.0% YoY to Ps. 6,416 million (US$ 63 million), with a margin of 33.3%. Net income decreased by 37.4% to Ps. 2,795 million, driven by financial costs and lower operating results. Notably, the new L'Amalí plant line boosts capacity, marking a milestone for the company.
Loma Negra (NYSE: LOMA), Argentina's leading cement producer, reported a net revenue increase of 8.5% YoY to Ps. 17,800 million (US$176 million) for Q3 2021. However, the Consolidated Adjusted EBITDA decreased by 9.1% YoY to Ps. 4,696 million (US$51 million), with a margin drop to 26.4%. Net Profit fell by 84.9% to Ps. 1,490 million, primarily due to the prior year's extraordinary results from a divestment. The company maintains a solid balance sheet with a negative net debt ratio of -0.02x, reflecting strong cash generation. The L’Amalí expansion project has begun yielding operational benefits.
Loma Negra reported impressive 2Q21 results, with net revenue climbing 46.6% year-over-year to Ps. 14,269 million (US$147 million). This growth is primarily attributed to the strong performance of the cement segment. The company achieved a Consolidated Adjusted EBITDA of Ps. 4,354 million (US$48 million), a 74.1% increase YoY, and expanded its EBITDA margin by 483 basis points to 30.5%. Despite a net loss of Ps. 1,265 million due to one-off tax effects, Loma Negra's net profit for the first half of the year stood at Ps. 1,583 million.
Loma Negra announced strong 1Q21 results with a net revenue increase of 35.4% YoY to Ps. 13,175 million (US$143 million), driven by robust cement sales. Consolidated Adjusted EBITDA surged 49.6% YoY to Ps. 4,706 million (US$52 million), with a margin expansion of 341 basis points. Net profit doubled to Ps. 2,568 million, reflecting effective cost management and improved operational leverage. The company's Net Debt dropped 96.5%, showcasing a favorable financial position. Despite a solid start, uncertainties linger due to macroeconomic factors and COVID-19 impacts.
Loma Negra (NYSE: LOMA) reported 4Q20 results showcasing a net revenue growth of 20.6% YoY to Ps. 13,263 million (US$160 million) and a remarkable 40.8% YoY increase in Adjusted EBITDA to Ps. 4,725 million (US$58 million). The company achieved a net profit of Ps. 2,958 million, up 136.1% YoY. For FY20, net revenue declined 12.8% YoY to Ps. 41,623 million, while net profit increased 106.8% YoY to Ps. 11,382 million, largely due to the sale of its Paraguayan operations. The net debt to EBITDA ratio improved to 0.16x, reflecting a strong balance sheet.
Loma Negra, a leading cement producer in Argentina, reported its 3Q20 financial results. Key highlights include a 4.5% decline in net revenue to Ps.10,756 million (US$143 million), but a robust 11.6% increase in consolidated adjusted EBITDA to Ps.3,389 million (US$48 million). The adjusted EBITDA margin rose from 27.0% to 31.5%, driven by better sales and cost control. Net profit jumped to Ps.6,449 million, aided by the divestment of operations in Paraguay. However, challenges persist in concrete and aggregate segments due to COVID-19 impacts and low public works activity.
Loma Negra C.I.A.S.A. (NYSE: LOMA) announced the approval of a dividend payment totaling ARS 2.4 billion, equating to ARS 4.03 per share, representing 402.67% of the nominal capital stock. Payments will start on October 14, 2020, with shareholders able to choose between Argentine Pesos or transfer in US Dollars. The option to receive dividends in US Dollars requires action before October 9, 2020. The dividend distribution follows regulations regarding withholding taxes as per Argentine law.