GCC, S.A.B. de C.V. Reports Earnings Results for the First Quarter Ended March 31, 2023
April 14, 2023
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GCC, S.A.B. de C.V. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 243.88 million compared to USD 206.87 million a year ago. Revenue was USD 243.88 million compared to USD 206.87 million a year ago.
Net income was USD 32.36 million compared to USD 13.13 million a year ago. Basic earnings per share from continuing operations was USD 0.0988 compared to USD 0.0396 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. 
