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. (NYSE: CPAC) provides essential construction materials including cement, concrete, and quicklime to Peru's northern regions through its vertically integrated operations. This news hub offers investors and industry observers centralized access to official company communications and market developments.
Track critical updates including quarterly financial results, production facility expansions, and strategic partnerships within Peru's construction sector. Our curated collection features verified press releases covering operational milestones, sustainability initiatives, and leadership announcements directly from CPAC's corporate communications.
Stay informed about developments impacting Peru's building materials market through timely updates on regional infrastructure projects, product innovations, and distribution network enhancements. The repository serves as a reliable resource for monitoring the company's performance in its core markets of northern and northeastern Peru.
Bookmark this page for ongoing access to Cementos Pacasmayo's official disclosures and third-party analyses of its market position within Peru's growing construction industry.
Cementos Pacasmayo has announced its Annual Shareholders' Meeting, scheduled for March 24, 2025 (first call) and March 31, 2025 (second call) in Lima, Peru. The meeting agenda includes reviewing the 2024 financial statements, dividend distribution ratification, and profit allocation. A significant focus will be placed on Environmental, Social and Corporate Governance (ESG) matters, including sustainability initiatives, climate risk management, emissions reduction goals, and gender equity promotion.
The meeting requires a 50% quorum of voting shares (423,868,449 total shares) on first call, while any number suffices for the second call. Shareholders must be registered 10 days prior to the meeting, with proxy registrations due by March 23, 2025. The company's external auditors, Tanaka, Valdivia & Asociados, were previously approved for fiscal years 2023-2027.
Cementos Pacasmayo (NYSE: CPAC) reported mixed results for Q4 2024. Sales volume of cement, concrete and precast increased by 2.6% in Q4, driven by bagged cement and public sector demand, with revenues up 3.0%. However, Q4 consolidated EBITDA declined 8.7% to S/142.5 million, with EBITDA margin dropping 3.5 percentage points to 27.1%. Q4 net income rose 39.3% to S/50.0 million.
For full-year 2024, despite a 3.7% decrease in sales volume, revenues increased 1.4% due to sales mix and higher prices. Annual consolidated EBITDA grew 6.0% to S/549.3 million, with margin expanding 1.2 percentage points to 27.8%. Net income increased 17.8% to S/198.9 million, driven by operational efficiencies from the new Pacasmayo kiln and favorable raw material costs.
Cementos Pacasmayo (NYSE: CPAC) announced a planned CFO succession, with current CFO Manuel Ferreyros stepping down on March 31, 2025, after serving since 2008. The transition has been in preparation for two years, demonstrating the company's commitment to a smooth leadership change. Ely Hayashi, a 20-year veteran of the company, will assume the CFO position on April 1st, 2025. CEO Humbert Nadal expressed gratitude for Ferreyros' 17 years of service, highlighting his dedication and alignment with company values. Ferreyros expressed confidence in the transition plan and emphasized the importance of preparing the next generation of leadership.
Cementos Pacasmayo reported strong financial results for Q3 2024, with consolidated EBITDA reaching S/154.6 million, up 19.9% year-over-year, driven by operational efficiencies from their new kiln and favorable raw material costs. The EBITDA margin improved by 5.0 percentage points to 29.9%. While revenues showed a modest 0.2% increase due to improved sales mix from concrete and precast sales, overall sales volume decreased 4.4%. Net income grew 35.9% to S/ 62.5 million. For the nine-month period, the company achieved a consolidated EBITDA of S/ 406.7 million, up 12.3%, with revenues increasing 0.9% despite a 5.8% decline in sales volume.
Cementos Pacasmayo (NYSE: CPAC) has announced a cash dividend of S/ 0.41 per common and investment share, totaling S/190.3 million. The dividend is derived from retained earnings from 2014-2023. After accounting for treasury shares, the net distribution will be S/175.5 million. ADS holders will receive S/2.05 per ADS, as each ADS represents five common shares. The register date is set for November 21, 2024, with distribution scheduled for December 10, 2024.
Cementos Pacasmayo S.A.A. (NYSE: CPAC) reported its Q2 2024 and 6M 2024 results. In Q2, revenues increased by 3.4% due to improved sales mix, while sales volume decreased by 5.8%. Consolidated EBITDA rose 6.1% to S/119.5 million, with a margin of 26.1%. Net income decreased by 15.4% to S/ 36.8 million. For 6M 2024, revenues grew 1.3%, despite a 6.5% decrease in sales volume. EBITDA increased 8.1% to S/252.3 million, with a margin of 27.0%. Net income remained stable at S/ 86.3 million. The company benefited from operational efficiencies and lower costs due to its new kiln in Pacasmayo.
Cementos Pacasmayo S.A.A., a leading cement company in Peru, has filed its annual report for the fiscal year ended December 31, 2023 with the SEC. The report is available on the SEC's website and the company's website. Investors can request a hard copy of the financial statements. For more information, visit the company's website or contact the Investor Relations Manager.
Cementos Pacasmayo S.A.A. reported consolidated results for the first quarter of 2024, showing a 10.0% increase in EBITDA due to lower costs and operational efficiencies. Despite a 7.2% decrease in sales volume, the company achieved a 2.8 percentage point increase in EBITDA margin. Net income rose by 13.8% to S/49.5 million, attributed to operational efficiencies.
