March 22, 2018 4:46 AM ET

Construction Materials

Company Overview of Cementos Argos S.A.

Company Overview

Cementos Argos S.A. produces and markets cement, ready-mix concrete, and aggregates in Colombia, the Caribbean, Central America, and the United States. It is also involved in cement and petro exploitation, property administration, transportation, and maritime transportation activities. The company was incorporated in 1944 and is headquartered in Barranquilla, Colombia. Cementos Argos S.A. is a subsidiary of Grupo Argos S.A.

Via 40 Las Flores



Founded in 1944

Key Executives for Cementos Argos S.A.

Cementos Argos S.A. does not have any Key Executives recorded.

Cementos Argos S.A. Key Developments

Cementos Argos Reports Consolidated Earnings Results for the Fourth Quarter of 2017; Provides Earnings Guidance for 2018

Cementos Argos reported consolidated earnings results for the fourth quarter of 2017. For the quarter, the company's revenues reached COP 2.1 trillion, increasing 5.1% when compared to the fourth quarter of 2016. Adjusted EBITDA, excluding severance payments derived from BEST was COP 375 billion with a reduction of 5.6% year-over-year. The net losses for the quarter and for the full year were driven by lower profits in Colombia, the impact of the hurricanes over the U.S. and the Caribbean operations during the third quarter, the nonrecurring items related to BEST and the noncash that's expected from tax reform in the U.S. Going forward, for 2018, the company has a positive outlook at all of its markets, with an EBITDA guidance of between COP 1.8 trillion and COP 1.9 trillion. The main drivers of this guidance are the strong fundamentals and further potential recovery of construction in the U.S. with cement consumption, prices and utilization rates are still below the [indiscernible] levels and the stabilization of prices in Colombia.

Cementos Argos S.A. to Report Q4, 2017 Results on Feb 12, 2018

Cementos Argos S.A. announced that they will report Q4, 2017 results After-Market on Feb 12, 2018

Cementos Argos S.A., Q4 2017 Earnings Call, Feb 13, 2018

Cementos Argos S.A., Q4 2017 Earnings Call, Feb 13, 2018

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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