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Cementos Argos SA (CMTOY)
OTHER OTC:CMTOY
Earnings Data
Report Date
May 11, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.26Last Year’s EPS
1.68Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive message: strong full-year financial results with margin expansion, robust cash generation, record shareholder returns, tangible regional recoveries (notably Colombia and parts of Central America & the Caribbean), and early but meaningful progress on the U.S. aggregates strategy. Management also introduced a disciplined SPRINT 4.0 with clear distribution and growth milestones. Key challenges were acknowledged — ready-mix volume declines, export impacts from a Cartagena kiln shutdown, one-off impairments and inventory write-downs, political and labor risks, and the sizable capital and execution timeline required for the U.S. expansion. Overall, the positives (record profitability, cash returns, sustainability and operational improvements, and a clear growth framework) materially outweigh the manageable and mostly nonrecurring negatives.Company Guidance
Record Profitability and Margin Expansion
Adjusted EBITDA for 2025 was ~COP 1.3 trillion (management cited COP 1.28T / COP 1.3T), expanding 6.6% year-over-year, with an adjusted EBITDA margin of ~25% (215 basis points expansion vs. prior year). Q4 EBITDA was COP 347 billion with a 27% margin. Management reported achieving a 25% margin one year ahead of schedule.
Strong Revenue and Cash Generation
Full-year revenues reached COP 5.2 trillion. Colombia segment revenues were COP 2.8 trillion with adjusted EBITDA COP 812 billion (up 3.6% YoY) and a record Q4 EBITDA/ton of $53. Free cash flow conversion reached 76% of EBITDA in Colombia, highlighting strong cash generation.
Exceptional Shareholder Returns and SPRINT Progress
Cumulative total shareholder return since SPRINT launch (Feb 2023) was reported between 700%–764% in USD; shareholder distributions exceeded COP 3.5 trillion (Felipe cited $1.2 billion distributed), including dividends, buybacks and a spin-off. SPRINT 4.0 introduced an ordinary dividend of COP 430/share (+11% vs. 2025 ordinary dividend), an extraordinary dividend of COP 150/share, and a buyback rollover topped to COP 450 billion.
U.S. Aggregates Strategic Entry and Early Milestones
Reentered U.S. via aggregates platform: first shipment of 47,000 tonnes arrived in Tampa; two additional Southeastern U.S. positions secured; Jason Teter appointed CEO of Argos Materials. Targets include building a U.S. business earning >$200M over time; company disclosed a Phase 1 investment plan of ~$500 million expected to generate ~USD 150M EBITDA by 2030. Near-term EBITDA drag for the U.S. business in 2026 estimated at only $6 million.
Regional Volume Recovery and Performance
Consolidated dispatched cement volumes were 9.3 million tons (flat vs. 2024). Colombia industry demand recovered to 12.7 million tons (+5% YoY). Central America & Caribbean cement volumes reached 4.3 million tons (+8.6% YoY for the year; Q4 regional volumes +12.6% YoY). Dominican Republic and Puerto Rico delivered record or materially improved profitability (Dominican Republic volumes +7%, Puerto Rico EBITDA +20%).
Operational Efficiency and Sustainability Achievements
Company scored 86/100 in the 2025 S&P Corporate Sustainability Assessment, positioning it among top industry performers. Operational improvements included reducing clinker usage to 45% in certain operations, kiln OEE above 90%, and carbon emissions reductions of nearly 20% in referenced operations. A 30% capacity expansion in the Dominican Republic was completed early in the year.
Strong Market and Liquidity Metrics
Share price performance and liquidity improved: stock closed January at COP 13,820 (a 30% YTD return reported) and average daily trading volume increased ~13% vs. 2025 average. Management expects potential inclusion in MSCI Emerging Markets Standard Index in the near term and plans a dual market maker model to further support liquidity.
Concrete 2026 Guidance with Moderate Growth Expectations
2026 guidance: maintain EBITDA margin 24%–26%, ROCE >16% over next two years, adjusted EBITDA guidance COP 1.3–1.4 trillion (midpoint ≈ +6% vs. 2025), CapEx of $80–100 million in LatAm (≈$65M maintenance) and ~$80–100M for the U.S. growth plan in 2026, and a midterm net debt/EBITDA target of 2x within 3–5 years.
CMTOY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CMTOY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 19, 2026 | $16.62 | $16.36 | -1.55% |
Nov 12, 2025 | $13.83 | $13.94 | +0.81% |
Aug 13, 2025 | $11.65 | $11.41 | -2.07% |
May 15, 2025 | $10.68 | $10.56 | -1.12% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Cementos Argos SA (CMTOY) report earnings?
Cementos Argos SA (CMTOY) is schdueled to report earning on May 11, 2026, After Close (Confirmed).
What is Cementos Argos SA (CMTOY) earnings time?
Cementos Argos SA (CMTOY) earnings time is at May 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CMTOY EPS forecast?
CMTOY EPS forecast for the fiscal quarter 2026 (Q1) is 0.26.