Strong Consolidated Revenue Growth
Total sales of $295 million in Q1 2026, up 19.8% year-over-year, driven by higher activity in both the United States and Mexico.
Volume Growth Across Key Markets
U.S. cement volumes increased 10.6% and concrete volumes increased 15.9% in the quarter; Mexico cement volumes rose 12.8% and concrete volumes rose 5.9%.
Healthy EBITDA Performance
EBITDA was $87 million, up 18.3% year-over-year, with an EBITDA margin of 29.5%, reflecting strong top-line growth despite some margin pressure.
Mexico Recovery and Product Mix Progress
Mexico revenues grew 28.2% year-over-year; blended cement production now represents ~76% of total volumes (84% in Mexico), showing progress on optimizing product mix.
Operational and Safety Strength
Management highlighted operational execution across the network, no serious injuries recorded in the quarter, and continued investment in training and maintenance programs.
Balance Sheet Strength and Capital Flexibility
Cash and equivalents of $857 million and a net debt-to-EBITDA ratio of -0.47x, providing strong flexibility for growth investments and M&A.
Strategic Expansion and M&A Progress
Odessa expansion nearing completion with commissioning underway; completed acquisitions of aggregates, asphalt and ready-mix operations in El Paso and Southern New Mexico to expand downstream capabilities and expected to contribute to cash flow in H2.
Ready-Mix and Project Demand Momentum
Ready-mix was a key driver (U.S. concrete volumes +15.9%), supported by mobile plant project work (wind farms, paving) and implementation of industry fuel surcharges helping offset higher diesel costs.