GCC, S.A.B. de C.V. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 26, 2022 at 04:07 pm EDT
Share
GCC, S.A.B. de C.V. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 320.1 million compared to USD 286.72 million a year ago. Net income was USD 53.12 million compared to USD 47.67 million a year ago. Basic earnings per share from continuing operations was USD 0.1606 compared to USD 0.1439 a year ago. Diluted earnings per share from continuing operations was USD 0.1606 compared to USD 0.1439 a year ago.
For the six months, sales was USD 526.97 million compared to USD 465.47 million a year ago. Net income was USD 66.25 million compared to USD 63 million a year ago. Basic earnings per share from continuing operations was USD 0.2001 compared to USD 0.1902 a year ago. Diluted earnings per share from continuing operations was USD 0.2001 compared to USD 0.1902 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. 
