Q1 2022 & FY 2021 Results
Net sales
Q1 2022 RESULTS HIGHLIGHTS
Millions of dollars
Q1-22
Q1-21
Var
2022
2021
Var
206.9
178.8
15.7%
1,038.8
937.8
10.8%
Operating Income before other expenses
57.5
56.7
1.4%
241.3
211.3
14.2%
EBITDA
54.5
49.5
10.2%
337.9
308.3
9.6%
EBITDA Margin
26.4%
27.7%
32.5%
32.9%
Consolidated Net Income
13.1
15.3
-14.3%
149.7
129.7
15.4%
Consolidated net sales increased 15.7% to US$206.9 million
U.S. sales increased 20.6% as cement and concrete volumes increased 10.3%
and 15.7%, respectively
Mexico cement and concrete prices increased 11.7% and 8.1%, respectively
Mexico sales increased 7.5% as concrete volumes increased 9.1%
U.S. cement and concrete prices rose 10.3% and 1.3%, respectively
GCC
EBITDA increased 10.2% to US$54.5 million with a 26.4% EBITDA margin
Cash and equivalents totaled US$640 million
Net leverage (net debt/EBITDA) ratio totaled -0.43x as of March 2022
.
The share buyback program will be reactivated
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