Aggregate business a standout one for Holcim this year

By |  October 31, 2023

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Holcim provided a glimpse at its third-quarter financial performance, detailing that net sales to external customers in North America were flat versus the prior-year period.

The company’s EBIT in North America, however, was up 5.3 percent in the quarter.

Through nine months of the year, Holcim says its North American operations delivered record net sales and recurring EBIT. Those led to a recurring EBIT margin of 21.7 percent.

Globally, Holcim’s net sales were down 8.8 percent in the third quarter while recurring EBIT was up 3.1 percent. The company’s net sales were down 10.2 percent through nine months of the year, with recurring EBIT down 2.2 percent over that same stretch.

Aggregates

Holcim also published specifics on its global aggregate business through nine months of the year. According to Holcim, net sales of aggregates are up 5.8 percent this year. Recurring EBIT of aggregates, meanwhile, is up 5.6 percent.

In terms of net sales, Holcim’s aggregate business is its top growth business this year. Net sales of cement are down 19.8 percent while net sales of ready-mixed concrete are up 4 percent. The company’s net sales in its solutions and products business are down 0.8 percent.

“I thank all members of the Holcim family for delivering profitable growth in Q3 despite challenging economic conditions, marked by softer demand in some markets and foreign exchange headwinds,” says Jan Jenisch, chairman and CEO of Holcim. “This is a testimony to our teams’ resilience and efforts across all our markets to lead the transition to sustainable building.”

Related: An interview with Holcim’s Kevin Peart

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About the Author:

Kevin Yanik is editor-in-chief of Pit & Quarry. He can be reached at 216-706-3724 or kyanik@northcoastmedia.net.

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