New CEO Appointment
Jaime Muguiro appointed as new CEO, with a focus on strategic priorities such as deleveraging, investing in the U.S., and enhancing shareholder return.
Project Cutting Edge
Introduction of a cost-savings program aimed at enhancing EBITDA margin, increasing free cash flow, and improving free cash flow conversion rate with expected recurring yearly EBITDA savings of at least $350 million by 2027.
Strong Pricing Strategy
Cement and ready-mix prices rose 2%, while aggregates prices increased by 4% sequentially, with a pricing strategy aimed at recovering cost inflation.
Record Net Income
Record net income of $734 million, primarily driven by the sale of operations in the Dominican Republic.
Improved Operational Efficiency
Operational efficiency in the U.S. improved by 5 percentage points year-over-year in the first quarter of 2025.
Urbanization Solutions Portfolio Growth
Urbanization Solutions portfolio posted EBITDA growth of 16% in South, Central America, and the Caribbean region with a margin expansion of more than 4 percentage points.