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The Monarch Cement Company (MCEM) investor relations material
The Monarch Cement Company Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net sales for the six months ended June 30, 2026, increased by $12.5 million year-over-year, driven by higher volumes and price increases in both Cement and Ready-Mixed Concrete segments.
Net income for the six months ended June 30, 2026, was $32.4 million, up from $21.4 million in the prior year period.
Gross profit margin improved to 36.6% for the first half of 2026, compared to 34.0% in the same period of 2025.
Effective tax rate decreased to 20.0% from 24.3% year-over-year, benefiting from percentage depletion and dividends received deduction.
Financial highlights
Consolidated net sales for Q2 2026 were $69.7 million, up $1.9 million from Q2 2025.
Net income for Q2 2026 was $21.0 million, compared to $18.7 million in Q2 2025.
Cash, cash equivalents, and restricted cash stood at $37.0 million as of June 30, 2026.
Working capital increased to $167.2 million at June 30, 2026, from $158.6 million at December 31, 2025.
Operating cash flow for the first six months of 2026 was $32.6 million, up from $14.9 million in the prior year.
Outlook and guidance
Planned capital expenditures for 2026 total $35.2 million, primarily for cement production facilities and routine equipment purchases.
Dividend payments are scheduled quarterly in March, June, September, and December.
- Q1 2026 saw strong sales, profit growth, and margin expansion across both business segments.MCEM
Q1 2026 - 2025 saw lower sales but strong margins, robust liquidity, and continued strategic investment.MCEM
Q4 2025 - Net sales and earnings fell on lower concrete volumes and higher costs, despite higher cement prices.MCEM
Q3 2025 - Net sales and net income fell year-over-year, driven by lower ready-mixed concrete volumes.MCEM
Q2 2025 - Net income increased 8% to $54.5M on $202.5M in sales for the nine months ended September 30, 2024.MCEM
Q3 2024 - Net income fell to $28.1M despite stable sales, with strong liquidity and no debt.MCEM
Q2 2024 - Net income fell sharply in Q1 2025 on lower sales and investment gains, despite margin improvement.MCEM
Q1 2025 - 2024 saw higher sales and margins, a new JV, and a major solar project, but lower net income.MCEM
Q4 2024
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