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Cementos Pacasmayo S.A.A. (symbol: CPAC) is a leading Peruvian company in the industrial and mining sectors, primarily focused on the production and commercialization of cement, quicklime, concrete blocks, ready-mix concrete, and various aggregates. The company operates with a mission to support the construction and mining industries by providing high-quality materials that meet rigorous standards.
Cementos Pacasmayo boasts a modern cement plant in Pacasmayo, complemented by additional facilities in Rioja and Piura. These strategically positioned plants enable efficient distribution across the northern and eastern regions of Peru, ensuring that local demands are met promptly and effectively. The company's wide-reaching network of ready-mix concrete plants located in Chimbote, Trujillo, Pacasmayo, Chiclayo, Piura, and Cajamarca further enhances its market presence.
Commercially, Cementos Pacasmayo operates through its subsidiary, Comercial DINO S.R.Ltda., which manages an extensive network of associated distributors. This robust distribution framework ensures that customers throughout the region receive prompt and reliable service.
In recent years, Cementos Pacasmayo has achieved significant milestones, including the commissioning of its state-of-the-art cement plant in Piura, which contributes to the company’s production capacity and technological advancement. The company also maintains a strong financial condition, which underpins its ongoing projects and partnerships aimed at innovation and sustainability in its operations.
Products from Cementos Pacasmayo are integral to various construction projects, from residential buildings to large infrastructure developments. Additionally, the company’s quicklime production supports Peru’s mining industry, highlighting its versatile contributions to the country's economy.
Cementos Pacasmayo's ongoing commitment to quality and customer satisfaction, combined with strategic geographic positioning and advanced production facilities, ensures its continued prominence in the Peruvian market.
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.
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