Cementos Pacasmayo S.A.A. Q3 2023 Earnings Report

Cementos Pacasmayo S.A.A. EPS Results

• Actual EPS: $0.15
• Consensus EPS: N/A
• Beat/Miss: N/A
• One Year Ago EPS: N/A

Cementos Pacasmayo S.A.A. Revenue Results

• Actual Revenue: $140.69 million
• Expected Revenue: N/A
• Beat/Miss: N/A
• YoY Revenue Growth: N/A

Cementos Pacasmayo S.A.A. Announcement Details

• Quarter: Q3 2023
• Date: 10/25/2023
• Time: N/A
• Conference Call Date: Thursday, October 26, 2023
• Conference Call Time: 10:30AM ET

Cementos Pacasmayo S.A.A. (NYSE:CPAC), a cement company, produces, distributes, and sells cement and cement-related materials in Peru. It operates through three segments: Cement, Concrete, Mortar and Precast; Quicklime; and Sales of Construction Supplies. The company's cement and concrete products are used in residential and commercial construction, and civil engineering; ready-mix concrete used in construction sites; concrete precast, such as paving units or paver stones for pedestrian walkways, as well as other bricks for partition walls and concrete precast for structural and non-structural uses; and cement-based products. It also produces and distributes quicklime for use in steel, food, fishing, and chemical industries. In addition, the company sells and distributes other construction materials manufactured by third parties, such as steel rebar, plastic pipes, and electrical wires. It offers its products directly to other retailers, private construction companies, and government entities through a network of independent retailers and hardware stores. The company was incorporated in 1949 and is headquartered in Lima, Peru. Cementos Pacasmayo S.A.A. is a subsidiary of Inversiones ASPI S.A.

Cementos Pacasmayo S.A.A. Q3 2023 Earnings Call Transcript

Key Takeaways

• Cost reductions achieved through discontinuation of reported interest expenses and full operation of the new field contributed to improved margins this quarter.
• Lower coal costs further reduced operating expenses compared to the prior period.
• Higher average cement selling prices during the third quarter drove revenue growth year-over-year.
• Management provided an overview of the third quarter nine-month year-to-date results, highlighting ongoing operational efficiencies and market dynamics.

[Operator]

Thank you, Tim. Good morning, everyone. Joining me on the call today is Mr. Humberto Naval, our Chief Executive Officer and Mr. Manuel Severo, our Chief Financial Officer.

[Operator]

Mr. Naval will begin our call with an overview of the quarter,

[Speaker 1]

dollars mainly due to lower cost as we discontinued the use of reported interest now than our new field is fully operation, lower cost of coal as well as higher average prices of cement sold. During the 3rd 9 months of the year when compared to the 3rd quarter 9 months respectively. We are going to