Loma Negra Reports 1Q24 Results [Yahoo! Finance]
Loma Negra Compania Industrial Argentina Sociedad Anonima ADS (LOMA)
US:NYSE Investor Relations:
investors.lomanegra.com
Company Research
Source: Yahoo! Finance
in Argentina, today announced results for the three-month period ended March 31, 2024 (our "1Q24 Results"). 1Q24 Key Highlights Net sales revenues stood at Ps. 114,851 million (US$ 123 million), and decreased by 27.0% YoY, mainly explained by a decrease of 31,3% in the Cement segment sales volumes, with the other businesses following the same trend. Consolidated Adjusted EBITDA reached Ps. 25,961 million, decreasing 37.1% YoY in adjusted pesos, while in dollars it reached 42 million, down 33.9% from 1Q23. The Consolidated Adjusted EBITDA margin stood at 22.6%, contracting 360 basis points YoY from 26.2%. On a sequential basis, the margin remained almost flat despite the decrease in volume, contracting by only 21 basis points. Net Profit of Ps. 50,703 million, up 151.0% from Ps. 20,200 million in the same period of the previous year, mainly explained by the net total finance gain. Net Debt stood at Ps. 177.323 million (US$ 207 million), representing a Net Debt/LTM Adjusted
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News
- Loma Negra Reports 1Q24 Results Accesswire
- Loma Negra Files Its Annual Report on Form 20-FAccesswire
- Loma Negra Is Still Attractive But Could Test Lows Now Thanks To The Recession [Seeking Alpha]Seeking Alpha
- Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE: LOMA) was upgraded by analysts at Bank of America Co. from an "underperform" rating to a "neutral" rating.MarketBeat
- Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE: LOMA) was downgraded by analysts at UBS Group AG from a "neutral" rating to a "sell" rating. They now have a $5.00 price target on the stock, down previously from $6.00.MarketBeat
LOMA
Sec Filings
- 5/9/24 - Form 6-K
- 5/2/24 - Form 6-K
- 4/29/24 - Form 6-K
- LOMA's page on the SEC website