What is the revenue and EPS growth rate for Loma Negra year over year?

What does Loma Negra do and what are its main business segments?

What were the key takeaways from Loma Negra's earnings call?

What is Loma Negra's latest dividend and current dividend yield?

What were the key takeaways from Loma Negra’s earnings call?

What factors drove the changes in Loma Negra's revenue and profit?

Did Loma Negra beat or miss consensus estimates last quarter?

What guidance did Loma Negra's management provide for the next earnings period?

- **Q3 Challenges**: 5% YoY volume decline, $36M EBITDA (23.7% YoY drop in pesos), and net debt of $206M amid macro uncertainty.
- **Positive Signs**: October volumes up 7.4% YoY, successful 25kg bag launch, and bulk cement resilience (44% of industry dispatches).
- **Forward Outlook**: Pricing adjustments above inflation expected; no dividends in 2025, potential 2026 restart; Q4 volumes supported by post-election investments and FX stability.

**【Management Opening Remarks】**
- Diego Jalón welcomed participants and outlined the agenda, emphasizing forward-looking statements and non-GAAP financial measures. The earnings release and presentation were made available prior to the call.

**【CEO Summary Section】**
- **Industry Challenges**: The quarter saw a 5% YoY decline in industry activity due to election-related uncertainty and higher interest rates. However, September and October volumes showed improvement, with October up 7.4% YoY.
- **Financial Performance**: Adjusted EBITDA was $36 million (down 23.7% YoY in pesos), with a margin of 20.8%. Net debt decreased by $9 million QoQ to $206 million.
- **Operational Highlights**: The new 25-kilogram bagging project was successfully launched, receiving positive market feedback.

**【CFO Financial Commentary】**
- **Market Trends**: Full-year GDP growth revised down to 3.9%, with cement dispatches declining 1% QoQ but bulk cement (44% of total) outperforming bagged formats.
- **Segment Performance**: 
  - **Cement**: Revenue down 13.2% YoY due to volume and pricing pressures, but bulk dispatches grew below the industry.
  - **Concrete**: Flat revenue despite 37.8% volume growth, offset by pricing competition.
  - **Aggregates**: 26.3% volume growth, but pricing challenges reduced margin.
  - **Railroad**: 14.9% revenue decline due to disrupted traffic and lower pricing.
- **Cost Management**: Gross profit declined 32.5% YoY, but cost per ton (excluding depreciation) fell 6% due to lower thermal energy costs.
- **Financial Results**: Net loss of ARS 8.5 billion (vs. ARS 27.9 billion gain YoY), driven by higher financial expenses and FX impacts. Net debt-to-EBITDA ratio at 1.49x, with 81% of debt in dollars.

**【Q&A Key Highlights】**
- **Pricing Outlook**: CEO expects price adjustments above inflation in a stable FX environment, with recovery in dollar terms post-election.
- **Dividend Policy**: No dividend distribution this year due to macro uncertainty; potential reassessment in 2026.
- **Q4 Volumes**: October's 7.4% YoY growth driven by post-election investments and FX stability; November volumes remain strong, supporting optimism for Q4 recovery.

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