GCC, a supplier and producer of cement, aggregates and concrete in the United States and Mexico, announced its results for the third quarter of 2025. Consolidated net sales increased 10.1% year-on-year to $438.5 million, while EBITDA decreased 2.9% to $157.4 million, with a 35.9% EBITDA margin.
“While the third quarter unfolded in a mixed environment, GCC executed with discipline and delivered revenue growth, underpinned by strong performance in our U.S. concrete business. Our teams maintained a disciplined approach across markets and ensured operational stability,” said Enrique Escalante, GCC chief executive. “Our focus remains on rigorous cost control, plant reliability, and investing to strengthen our network, supporting our long-term strategy to compound value into 2026.”
For the first nine months of 2025, consolidated net sales increased by 1.7% to $1,048.9 million. This result was driven by higher concrete and cement volumes in the United States, increased concrete prices in the United States, and a favorable price environment in Mexico, partially offset by lower concrete and cement volumes in Mexico and the depreciation of the Mexican peso against the U.S. dollar.
U.S. sales for the third quarter of 2025 increased by 14% to $344 million, representing 78% of GCC’s consolidated net sales. This increase was primarily driven by a 52.7% and 6.4% increase in concrete and cement volumes, respectively, and an 11% increase in concrete prices, partially offset by a 3% decrease in cement prices.
For the first nine months, U.S. sales increased by 7.7% to $784 million. This growth was primarily driven by a 32.9% and 3% increase in concrete and cement volumes, respectively, and an 11.6% increase in concrete prices, partially offset by a 0.4% decrease in cement prices.
Mexico sales decreased by 2.1% in the third quarter of 2025 to $94.5 million, representing 22% of GCC’s consolidated net sales. This decline was driven by a 7.3% and 3.3% decrease in concrete and cement volumes, respectively, partially offset by a 0.6% and 0.4% increase in concrete and cement prices.
The appreciation of the Mexican peso against the U.S. dollar during the quarter increased sales by $1.4 million. For comparison, sales in Mexico, excluding this effect, decreased by 3.5%. Mexico sales during the quarter were primarily affected by the slowdown in the industrial segment and the high comparison base in mining.
For the first nine months, Mexico sales decreased by 12.7% to $265 million, driven by a 11% and 7.2% decrease in concrete and cement volumes, respectively, partially offset by a 3.2% and 2.2% increase in cement and concrete prices. The depreciation of the Mexican peso against the U.S. dollar decreased sales by $27 million. For comparison, sales in Mexico, excluding the effects of the peso depreciation, decreased by 3.8%.
