CHIHUAHUA, Mexico, July 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 second quarter of 2024. Q2 2024 HIGHLIGHTS Consolidated net sales decreased 1% year-on-year, to US$360.3 million U.S. cement and concrete prices increased 5.3% and 8.1%, respectively Mexico cement and concrete prices increased by 2.5% and 6.4%, respectively EBITDA increased 0.9% to US$133.9 million with a 37.1% EBITDA margin Cash and equivalents totaled US$879.4 million Net leverage (net debt/EBITDA) ratio totaled -0.78x as of June 2024 Earnings per share increased 9% year-on-year, to US$0.2738 Free cash flow totaled US$29 million with a 21.7% free cash flow conversion rate GCC repurchased shares in the net amount of US$0.6 million A dividend of Ps. 1.5369 per share was paid on May 22, 2024, representing a 15% year-on-year increase KEY FIGURES (millions of dollars)   Q2 24 Q2 23 Q2 24 vs. Q2 23 H1 24 H1 23 H1 24 vs. H1 23 Net sales 360.3 364.1 -1.0% 633.2