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Grupo Mexico (GMBXF)
OTHER OTC:GMBXF
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
$0.1Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2024
|% Change Since: -11.17%
|Next Earnings Date:Jan 30, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected strong financial performance across multiple divisions, particularly in the Mining and Infrastructure divisions, with significant revenue and EBITDA growth. However, the Transportation division faced notable challenges due to operational disruptions and external factors like the migrant crisis, which affected overall efficiency and costs.Company Guidance
During Grupo Mexico's Third Quarter Earnings Conference Call for 2024, several key metrics were discussed. The company reported a cumulative revenue exceeding $20 billion for the first nine months of the year, marking a 12.5% increase compared to the same period in 2023, and a 13.4% increase on a quarterly basis. The company's EBITDA also showed significant growth, rising 17.3% year-over-year and 22% on a quarterly basis. The net cash cost improved to $1.12 per pound, a 7% improvement from 2023. Copper production witnessed a 7.1% increase for the first nine months and over 10% increase quarterly. A dividend of MXN 1.30 per share was approved, up from MXN 1.20 the previous quarter, yielding an implied dividend yield of 4.7%. The company's balance sheet remains robust with a net debt-to-EBITDA ratio of 0.1x, and a cash position of $7.6 billion, with no significant debt maturities until 2035.Strong Revenue Growth
Cumulative revenue for the first 9 months of 2024 totaled over $20 billion, representing an increase of 12.5% compared to the first 9 months of 2023.
EBITDA Performance
EBITDA increased 17.3% for the first 9 months of 2024 compared to the same period last year, with an improvement of 22% on a quarterly basis.
Mining Division Success
Mining division revenue increased by 13.2% for the first 9 months of 2024, with an EBITDA margin of 54.2%.
Infrastructure Division Growth
Infrastructure division revenues increased by 9.1% year-over-year, with EBITDA and net income growing 27% and 75% respectively.
Copper Production Increase
Copper production increased by 7.1% for the first 9 months of 2024, and over 10% on a quarterly basis.
Low Leverage
Maintained a solid balance sheet with a net debt-to-EBITDA ratio of 0.1x.
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GMBXF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GMBXF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $5.50 | $5.46 | -0.73% |
| Jul 22, 2024 | $5.58 | $5.63 | +0.90% |
| Apr 25, 2024 | $5.71 | $5.83 | +2.10% |
| Feb 02, 2024 | $5.11 | $4.94 | -3.33% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Grupo Mexico (GMBXF) report earnings?
Grupo Mexico (GMBXF) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is Grupo Mexico (GMBXF) earnings time?
Grupo Mexico (GMBXF) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GMBXF EPS forecast?
Currently, no data Available
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