Earnings call transcript: Grupo Carso posts strong Q3 2026 profit growth

Grupo Carso reported a strong Q3 2026 performance, with sales increasing 4.6% to 47.6 billion pesos and operating income surging 51.3% to 4.8 billion pesos. Operating income rose much faster than sales, indicating a significant margin expansion across the group. The company's net income attributable to controlling interests more than quadrupled year over year, reaching 2.6 billion pesos, driven by improved operating performance and the sale of Cementos Fortaleza El Salvador.

Despite macroeconomic headwinds such as peso appreciation, the company delivered a broad improvement in profitability, with solid growth in several divisions like Condumex, Carso Infraestructura y Construcción, and Zamajal. However, Carso Energy and Elementia faced challenges due to currency moves and softer market conditions.

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