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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 S.A.A. (NYSE: CPAC) reported its 1Q23 financial results, highlighting key figures that reflect the impact of adverse weather conditions. The company experienced an 8.6% decrease in revenues compared to 1Q22, attributed to cyclone Yaku's severe rainfall, affecting shipment capabilities. Cement sales volume declined by 16.4%, with a significant 23.4% drop in March due to ongoing weather challenges and uncertainty. Consolidated EBITDA fell to S/120.7 million, down 5.3%, although this figure remained stable compared to 4Q22. Net income also decreased by 4.8% to S/43.5 million. On a positive note, the company reported a 25.1% EBITDA margin, an increase of 0.8 percentage points from the previous year. The company paid off US$131.6 million in Senior Notes in February 2023.
Cementos Pacasmayo S.A.A. (NYSE: CPAC) released its 4Q22 and 2022 financial results, reporting a 1.7% increase in revenues driven by higher bagged cement prices. However, sales volume of cement, concrete, and precast dropped by 7.7% in 4Q22 due to slowdowns and roadblock issues. EBITDA fell 14.5% to S/121 million, while net income declined by 24.6% to S/38.9 million. For the full year 2022, revenues rose by 9.2% and net income grew 15.4% to S/176.8 million. The company was recognized in the Sustainability Yearbook 2023 by S&P for its ESG performance.
Cementos Pacasmayo S.A.A (NYSE: CPAC) reported its 3Q22 results, highlighting a 9.1% revenue increase driven by higher bagged cement prices despite a 5.9% decline in sales volume. EBITDA rose by 6.5% to S/124.9 million, and net income increased 5.0% to S/44.2 million. For 9M22, revenues climbed 12.0%, with net income up 35.7% to S/137.9 million. The EBITDA margin for 9M22 was 23.6%, a 1.5 percentage point increase. The company will hold a conference call on October 27, 2022.
Cementos Pacasmayo S.A.A (NYSE: CPAC) reported strong financial results for the second quarter and first half of 2022, with revenues increasing by 14.1% in 2Q22 and 13.5% in 6M22, primarily driven by higher cement prices. Net income surged by 73.3% to S/48 million in 2Q22 and 57.5% to S/93.7 million in 6M22. However, sales volumes of cement, concrete, and precast decreased by 1.9% and 3.7% respectively, indicating a moderation from last year's high.
Cementos Pacasmayo S.A.A, a major cement provider in Peru, has submitted its annual report for the fiscal year ending December 31, 2021, on Form 20-F to the U.S. SEC. The report and audited financial statements are available on the SEC’s website and the company's site. Investors can request a hard copy of the report by contacting María Teresa Pacheco via email. For further inquiries, Claudia Bustamante, the Investor Relations Manager, is available for contact.
Cementos Pacasmayo S.A.A. (NYSE: CPAC) will host an Analyst and Investor Day on June 29, 2022 in New York, NY. The event aims to connect equity analysts and institutional investors with the company's leadership team, including CEO Humberto Nadal del Carpio and CFO Manuel Ferreyros Peña. Registration starts at 9:00 a.m. ET with presentations commencing at 9:30 a.m.. Attendees must pre-register via email to attend this invitation-only event. Cementos Pacasmayo has over 60 years in the cement industry and its shares are listed on the NYSE.
Cementos Pacasmayo (NYSE: CPAC) reported a 13.0% increase in revenues for 1Q22, driven by higher prices of bagged cement amid inflationary pressures.
However, sales volume declined by 5.3% due to reduced sales from reconstruction projects. Despite this, March sales showed recovery.
Consolidated EBITDA rose to S/127.5 million, a 21.3% increase, alongside a 43.7% rise in net income to S/45.7 million. EBITDA margin improved to 24.3%.
Cementos Pacasmayo S.A.A (NYSE: CPAC) announced its 4Q21 and 2021 consolidated results, showing a 10.4% increase in revenues driven by higher cement prices despite a 6.2% decline in sales volume. Consolidated EBITDA rose by 10.5% to S/ 141.5 million, maintaining a 27% EBITDA margin. Net income increased by 8.6% to S/ 51.6 million. For the full year, revenues grew by 49.5% and net income surged 164.5%, reflecting a strong recovery from 2020's downturn. The company also received recognition in the Sustainability Yearbook 2022.
Cementos Pacasmayo S.A.A. (NYSE: CPAC) reported its 3Q21 and 9M21 financial results, showing a significant recovery in demand. Sales volume increased 14.4% in 3Q21 and 49% in 9M21, leading to a 24.5% rise in revenues. Despite this, net income for 3Q21 fell 6.9% to S/ 42.1 million due to cost increases. The company plans to invest US$ 70 million to expand its plant capacity amid rising demand. EBITDA margins decreased, primarily attributed to the use of imported clinker.
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