Southern Copper posted record Q2 sales, EBITDA and net income. CFO Raul Jacob cited operating excellence. No specific figures or guidance were given on the call.
Southern Copper Corp. delivered record sales, adjusted EBITDA and net income in the second quarter, the company said on its July 22 earnings call.
CFO Raul Jacob called the quarter "another exceptional" performance, attributing the results to "operating excellence" and the company's focus on long-term value. CEO Leonardo Contreras attended the call. The company did not disclose specific quarterly figures in the prepared remarks.
The call drew analysts from Barclays, Goldman Sachs, Bradesco, CICC and John Tumazos Very Independent Research.
Southern Copper, one of the largest publicly traded copper producers, has benefited from elevated copper prices this year. Supply constraints and demand tied to electrification and infrastructure spending have kept prices high. The company's SCCO stock page shows an Alpha Score of 64, a Moderate rating in the Basic Materials sector.
No specific guidance was offered beyond the standard forward-looking statements caveat. The full transcript, including the Q&A, was made available by the company.
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