Holcim achieved record EBIT (earnings before interest and taxes) globally in the third quarter, with a solid gain taking place in North America.
Although Holcim’s net sales to external customers in North America were down 7.1 percent in the third quarter, the company’s recurring EBIT during that stretch was up 3.7 percent.
Globally, Holcim’s net sales dropped 3 percent in the third quarter. Recurring EBIT was up 4.6 percent, though.
“Our Q3 results confirm Holcim’s strong earnings profile, with broad-based growth drivers delivering record recurring EBIT and a record margin,” says Miljan Gutovic, CEO at Holcim.
“With our track record of creating superior value across all market conditions and economic cycles, our resilient business model positions us to deliver another year of record results, executing on our strategic priorities,” he adds.
Additionally, Holcim says the listing of its North American business in the U.S. is on track to be completed in the first half of 2025.
