Cementos Argos reported mixed Q1 2026 results. EPS came in at 116.45 COP, missing the 154.95 COP forecast by 24.85 COP. Revenue reached 1.31 trillion COP, beating the 1.25 trillion COP estimate by 4.34%. The stock fell 3.42% in after-hours trading.
Consolidated revenue was 1.22 trillion COP, nearly flat year-on-year. EBITDA rose 4.7% to 271 billion COP with a 22.2% margin, impacted by a maintenance shutdown in the Dominican Republic and planned repairs in Cartagena. Underlying margin would have been ~70 bps higher.
The company continues its SPRINT 4.0 program and plans to split into two independent entities over 24 months: Argos Materials (US) and Argos LATAM. The US aggregates platform is a key growth driver, with a second trial shipment to Houston completed.
Shares trade at 7,300 COP, down from a 52-week high of 14,000 COP. The dividend yield is 5.48%, with 32 consecutive years of payments. Net debt to EBITDA stands at -5.2x, reflecting a strong cash position.
