CHIHUAHUA, Mexico, April 23, 2024 (GLOBE NEWSWIRE) -- GCC, S.A.B. de C.V. (BMV:GCC), a leading supplier and producer of cement and concrete in the United States and Mexico, today announced its results for the first quarter of 2024. Q1 2024 HIGHLIGHTS Consolidated net sales increased 11.9% year-on-year, to US$272.8 million U.S. sales grew 17% as cement and concrete volumes rose 8.3% and 5.6%, respectively U.S. cement and concrete prices increased 5.7% and 12%, respectively Mexico sales increased 4% reflecting a 4.9% and 8.6% increase in cement and concrete prices, respectively EBITDA increased 31.6% to US$82.9 million with a 30.4% EBITDA margin Cash and equivalents totaled US$980.5 million Net leverage (net debt/EBITDA) ratio totaled -0.99x as of March 2023 Earnings per share increased 51.4% year-on-year, to US$0.1496 Free cash flow totaled US$40.4 million with a 48.8% free cash flow conversion rate KEY FIGURES (millions of dollars)   Q1 24 Q1 23 Q1 24 vs. Q1 23 Net sales 272.8