GCC, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 24, 2023 at 02:47 pm EDT
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GCC, S.A.B. de C.V. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 416.09 million compared to USD 352.78 million a year ago. Net income was USD 105.77 million compared to USD 69.53 million a year ago. Basic earnings per share from continuing operations was USD 0.3238 compared to USD 0.2111 a year ago. Diluted earnings per share from continuing operations was USD 0.3238 compared to USD 0.2111 a year ago.
For the nine months, sales was USD 1,024.06 million compared to USD 879.75 million a year ago. Net income was USD 220.34 million compared to USD 135.78 million a year ago. Basic earnings per share from continuing operations was USD 0.6735 compared to USD 0.4109 a year ago. Diluted earnings per share from continuing operations was USD 0.6735 compared to USD 0.4109 a year ago.
GCC SAB de CV, formerly known as Grupo Cementos de Chihuahua SAB de CV, is a Mexico-based company primarily engaged in the construction materials sector. The Company foocuses on the production and marketing of cement and other related building materials. The Companyâs product portfolio includes Portland grey cements, ready-mixed concrete, gypsum, additives and limestone aggregates, as well as such prefabricated products as walls, architectural concrete blocks and paving stones, among others. The Company also offers technical support and assistance for the installation of its prefabricated structures. The Company operates in Mexico and the United States, through such subsidiaries as GCC Comercial SA de CV, GCC Concreto SA de CV, GCC Rio Grande Inc, GCC Dacotah Inc, GCC Alliance Concrete Inc, Mid Continent Concrete Inc and Consolidated Ready Mix Inc.
GCC, S.A.B. DE C.V. 
