LafargeHolcim releases third quarter 2017 results
LafargeHolcim released its third quarter 2017 results, which show net sales increased by 4.1 percent on a like-for-like basis and 4.3 percent year-to-date.
In the third quarter of 2017, the company sold 80.1 million tons of aggregate, compared with 81.3 million tons in the same time period in 2016. Like-for-like aggregate sales volumes were up 0.1 percent in the third quarter of 2017. In addition, the company sold 53.8 million tons of cement in the third quarter of 2017, compared with 57.9 million tons sold in the third quarter of 2016. Like-for-like cement volumes were up 4.7 percent in the third quarter.
Year-to-date, the company’s aggregate sales were at 208.1 million tons, compared with 211.5 million tons in the same time period in 2016. Like-for-like aggregate sales volumes were up 0.2 percent January though September 2017, compared with the same time period last year. The company’s cement sales year-to-date were at 155.8 million tons, compared with 177.2 million tons in the same time period last year. Like-for-like cement sales volumes were up 1.8 percent.
In North America, aggregate sales in the third quarter of 2017 were 34.4 million tons, compared with 34.6 million tons in the same time period last year. In addition, cement sales in the third quarter were at 5.9 million tons, compared with 6 million tons in the same time period last year.
Year-to-date, aggregate sales in North America were at 79.2 million tons, compared with 80.6 million tons in the same time period in 2016. Cement sales year-to-date were at 14.4 million tons, compared with 14.7 million tons in the same time period last year.
LafargeHolcim’s operating EBITDA (earnings before interest, tax, depreciation and amortization) margin was at 23.4 percent in the third quarter of 2017, compared with 23.1 percent in the third quarter of 2016. Operating EBITDA adjusted for North America was up 7.6 percent for the third quarter on a like-for-like basis, as well. Year-to-date, the company’s operating EBITDA margin was at 21.2 percent, compared with 19.7 percent in the same time period last year.
According to the company, its continued growth in sales and EBITDA in the third quarter of 2017 was owing mainly to positive contributions from Latin America, North America and Europe.
About the Author: Allison Kral
Allison Kral is the former senior digital media manager for North Coast Media (NCM). She completed her undergraduate degree at Ohio University where she received a Bachelor of Science in magazine journalism from the E.W. Scripps School of Journalism. She works across a number of digital platforms, which include creating e-newsletters, writing articles and posting across social media sites. She also creates content for NCM's Portable Plants magazine, GPS World magazine and Geospatial Solutions. Her understanding of the ever-changing digital media world allows her to quickly grasp what a target audience desires and create content that is appealing and relevant for any client across any platform.Subscribe to Pit & Quarry
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