GCC, a supplier and producer of cement and concrete in the United States and Mexico, announced positive results for the first quarter of 2024. Consolidated net sales increased 11.9% year over year to $272.8 million.
U.S. sales grew 17% in the quarter as cement and concrete volumes rose 8.3% and 5.6%, respectively. Cement and concrete prices in the U.S. increased 5.7% and 12%, respectively, during the first quarter. Meanwhile, Mexico sales increased 4% reflecting a 4.9% and 8.6% increase in cement and concrete prices, respectively.
“GCC delivered a solid first quarter, marked by record sales and strong profitability driven by operational stability and continued cost improvement,” said Enrique Escalante, GCC’s chief executive. “We are well-positioned for continued success, supported by our backlog, competitive advantages and our steadfast commitment to executing our strategy focused on sustainability and long-term profitability.”
