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Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA), the leading cement producer in Argentina, is a cornerstone of the nation’s construction industry. Founded in 1926 by Alfredo Fortabat, the company has since expanded its operations to include cement, masonry cement, lime, concrete, and aggregates, making it a vertically-integrated cement and concrete company with nationwide influence. Additionally, Loma Negra runs rail services, capitalizing on its extensive logistical network.
The company operates through five primary segments: Cement, Masonry Cement, and Lime; Concrete; Rail Services; Aggregates; and Others. The majority of revenue is derived from the Cement, Masonry Cement, and Lime segment, underpinning the critical role these materials play in both private and public construction projects across Argentina.
Recently, Loma Negra announced its financial results for various quarters of 2023 and 2024. The company reported a sales volume of cement, masonry, and lime of 1.6 million tons in 2Q23, marking a 3.6% year-on-year decrease attributed to reduced demand in the retail sector. However, the concrete segment showed a remarkable 14.8% YoY increase, driven by the private construction sector and public works. Despite temporary challenges in the aggregates segment and a contraction in the railway segment, Loma Negra has maintained robust financial health. As of June 30, 2023, it declared total cash, cash equivalents, and investments of Ps. 24,093 million, with a total debt of Ps. 71,743 million.
Loma Negra's commitment to sustainability is reflected in their annual Sustainability Reports, which detail their continuous efforts toward sustainable development. Their strong market position, efficient production process, and strategic plant locations supported by vast limestone reserves, position them well for future growth and stability.
In the latest quarters, Loma Negra faced significant challenges due to Argentina's economic environment and political transitions. Sales volumes in 1Q24 saw a decline of 31.3% to 1.1 million tons, influenced by a stabilization plan by the new government and adverse weather conditions. Despite these hurdles, the company managed to maintain a solid Adjusted EBITDA margin, underscoring their resilience and operational efficiency.
Moreover, Loma Negra has demonstrated strong shareholder returns, announcing multiple dividend payments, which in 2Q23 alone amounted to approximately $120 million, yielding about 16%. They continue to focus on balancing profitability and growth, while managing a comfortable debt maturity profile and maintaining a solid balance sheet.
Overall, as Argentina's leading cement producer, Loma Negra remains a pivotal player in the construction industry, continuously adapting to market dynamics and economic conditions while delivering value to its shareholders.
Loma Negra (NYSE: LOMA) announced a dividend payment of
Loma Negra (NYSE: LOMA), Argentina's leading cement producer, has filed its 2021 Annual Report with the SEC as of
Loma Negra (NYSE: LOMA), the leading cement producer in Argentina, reported a 5.5% YoY decline in net sales revenue to Ps. 19,310 million (US$ 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.
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