Financial News
Cambridge-Lee Holdings Consolidated Results of Operations for Q2 2025
Cambridge-Lee Holdings, Inc, has announced its unaudited consolidated results for the second quarter of 2025.
| CAMBRIDGE-LEE HOLDINGS, INC. AND SUBSIDIARIES | |||||||||||
| (A Wholly Owned Subsidiary of Tubo de Pasteje S.A. de C.V.) | |||||||||||
| CONSOLIDATED BALANCE SHEETS | |||||||||||
| As of June 30, 2025 and June 30, 2024 | |||||||||||
| Figures in US Dollars | 12/31/2024 | 6/30/2024 | 6/30/2025 | ||||||||
| Assets | |||||||||||
| Current Assets: | |||||||||||
| Cash and cash equivalents | $ |
298,409,000 |
|
$ |
213,343,000 |
|
|
234,617,000 |
|
||
| Accounts Receivable - Net |
|
78,187,000 |
|
|
118,045,000 |
|
|
117,345,000 |
|
||
| Accounts Receivable - Affiliates |
|
9,353,000 |
|
|
10,591,000 |
|
|
23,476,000 |
|
||
| Accounts Receivable - Refundable Income Tax |
|
1,141,000 |
|
|
3,204,000 |
|
|
1,141,000 |
|
||
| Other Receivables |
|
250,000 |
|
|
301,000 |
|
|
364,000 |
|
||
| Inventories — net |
|
103,707,000 |
|
|
102,363,000 |
|
|
138,468,000 |
|
||
| Other current assets |
|
6,733,000 |
|
|
17,015,000 |
|
|
24,776,000 |
|
||
| Total current assets |
|
497,780,000 |
|
|
464,862,000 |
|
|
615,873,000 |
|
||
| Property, Plant, and Equipment — Net |
|
50,069,000 |
|
|
49,320,000 |
|
|
53,502,000 |
|
||
| ROU Asset |
|
4,250,000 |
|
|
4,636,000 |
|
|
4,358,000 |
|
||
| Deferred Financing Fees — Net |
|
117,000 |
|
|
143,000 |
|
|
92,000 |
|
||
| Other Long-Term Assets |
|
13,222,000 |
|
|
449,000 |
|
|
426,000 |
|
||
| Total | $ |
565,438,000 |
|
$ |
519,410,000 |
|
$ |
674,251,000 |
|
||
| Liabilities and Shareholders' Equity | |||||||||||
| Current Liabilities: | |||||||||||
| Current portion of long-term debt |
|
2,327,000 |
|
|
2,355,000 |
|
|
1,168,000 |
|
||
| Lease Liability - S. T. |
|
1,180,000 |
|
|
1,246,000 |
|
|
1,228,000 |
|
||
| Trade Accounts Payable |
|
28,456,000 |
|
|
29,451,000 |
|
|
54,664,000 |
|
||
| Affiliates Payable |
|
1,277,000 |
|
|
3,592,000 |
|
|
4,489,000 |
|
||
| Accrued expenses and taxes other than income tax |
|
14,123,000 |
|
|
16,103,000 |
|
|
17,797,000 |
|
||
| Income taxes payable |
|
1,238,000 |
|
|
5,556,000 |
|
|
18,460,000 |
|
||
| Total current liabilities |
|
48,601,000 |
|
|
58,303,000 |
|
|
97,806,000 |
|
||
| Long-Term Debt |
|
9,000 |
|
|
1,167,000 |
|
|||||
| Long-Term Obligations — Other |
|
1,004,000 |
|
|
(919,000 |
) |
|
(778,000 |
) |
||
| Lease Liability - L. T. |
|
3,125,000 |
|
|
3,448,000 |
|
|
3,179,000 |
|
||
| Deferred Income Taxes |
|
2,360,000 |
|
|
3,265,000 |
|
|
2,360,000 |
|
||
| Total liabilities |
|
55,099,000 |
|
|
65,264,000 |
|
|
102,567,000 |
|
||
| SHAREHOLDERS’ EQUITY: | |||||||||||
| Common stock, no par — authorized, 1,500 shares; issued and outstanding, 1,000 shares |
|
1,000 |
|
|
1,000 |
|
|
1,000 |
|
||
| Additional paid-in capital |
|
24,205,000 |
|
|
24,205,000 |
|
|
24,205,000 |
|
||
| Excess of liabilities assumed over book value of assets transferred |
|
(17,514,000 |
) |
|
(17,514,000 |
) |
|
(17,514,000 |
) |
||
| Retained earnings |
|
488,801,000 |
|
|
434,874,000 |
|
|
548,312,000 |
|
||
| Accumulated other comprehensive income (loss) |
|
(127,000 |
) |
|
(713,000 |
) |
|
(127,000 |
) |
||
| Noncontrolling owner’s interest |
|
14,973,000 |
|
|
13,293,000 |
|
|
16,807,000 |
|
||
| Total shareholders' equity |
|
510,339,000 |
|
|
454,146,000 |
|
|
571,684,000 |
|
||
| TOTAL | $ |
565,438,000 |
|
$ |
519,410,000 |
|
$ |
674,251,000 |
|
||
| CAMBRIDGE-LEE HOLDINGS, INC. AND SUBSIDIARIES | |||||||||||
| (A Wholly Owned Subsidiary of Tubo de Pasteje S.A. de C.V.) | |||||||||||
| CONSOLIDATED STATEMENTS OF OPERATIONS | |||||||||||
| As of June 30, 2025 and June 30, 2024 | |||||||||||
| Figures in US Dollars | 12/31/2024 | 6/30/2024 | 6/30/2025 | ||||||||
| Revenues: | |||||||||||
| Net Sales | $ |
794,805,000 |
|
$ |
402,617,000 |
|
$ |
475,336,000 |
|
||
| Cost of Sales |
|
567,417,000 |
|
|
284,240,000 |
|
|
324,177,000 |
|
||
| Gross Income |
|
227,388,000 |
|
|
118,377,000 |
|
|
151,159,000 |
|
||
| Selling, General and Administrative Expenses |
|
44,506,000 |
|
|
22,070,000 |
|
|
22,926,000 |
|
||
| Operating Income |
|
182,882,000 |
|
|
96,307,000 |
|
|
128,233,000 |
|
||
| Other Expense: | |||||||||||
| Interest — net |
|
8,808,000 |
|
|
5,281,000 |
|
|
2,089,000 |
|
||
| Other — net |
|
2,530,000 |
|
|
67,000 |
|
|
3,815,000 |
|
||
| Total Other Expense |
|
11,338,000 |
|
|
5,348,000 |
|
|
5,904,000 |
|
||
| Income (Loss) From Continuing Operations Before Provision for Income Taxes |
|
194,220,000 |
|
|
101,655,000 |
|
|
134,137,000 |
|
||
| Provision (benefit) for Income Taxes |
|
47,418,000 |
|
|
25,443,000 |
|
|
42,793,000 |
|
||
| Net Income Gain (Loss) from Continuing Operations |
|
146,802,000 |
|
|
76,212,000 |
|
|
91,344,000 |
|
||
| COMPREHENSIVE (LOSS) INCOME—Pension unrecognized |
|
604,000 |
|
|
0 |
|
|
0 |
|
||
| Net Income (Loss) |
|
147,406,000 |
|
|
76,212,000 |
|
|
91,344,000 |
|
||
| Net Income Attributable to Noncontrolling Interest |
|
4,389,000 |
|
|
2,279,000 |
|
|
2,731,000 |
|
||
| Net Income Attributable to Cambridge-Lee Holdings, Inc. |
|
143,018,000 |
|
|
73,933,000 |
|
|
88,614,000 |
|
||
| CAMBRIDGE-LEE HOLDINGS, INC | ||||
| STATEMENT OF CASH FLOW | ||||
| Figures in US Dollars | ||||
| June 30, 2025 | ||||
| OPERATING ACTIVITIES: | ||||
| Net income (loss) | 91,344,000 |
|
||
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||||
| Depreciation and amortization | 3,845,000 |
|
||
| Allowance for (benefit from) doubtful accounts receivable | (12,000 |
) |
||
| Changes in assets and liabilities which provided (used) cash: | ||||
| (Increase) decrease in accounts and notes receivable | (53,194,000 |
) |
||
| (Increase) decrease in inventories | (34,761,000 |
) |
||
| (Increase) decrease in prepaid expenses, deposits and other assets | (5,259,000 |
) |
||
| Increase (decrease) in other long term obligations | (1,782,000 |
) |
||
| Increase (decrease) in accnts payable, accrued exps & amounts due to affiliates | 33,096,000 |
|
||
| Change in operating lease liabilities | (7,000 |
) |
||
| Increase (decrease) in income taxes payable | 17,033,000 |
|
||
| Increase (decrease) in short-term investments | (75,686,000 |
) |
||
| Total adjustments | (116,727,000 |
) |
||
| net cash provided by (used in) operating activities | (25,383,000 |
) |
||
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||||
| Purchases of property, plant and equipment | (7,266,000 |
) |
||
| Net cash provided by (used in) investing activities | (7,266,000 |
) |
||
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||||
| Proceeds from long term debt | (1,168,000 |
) |
||
| Payment of debt issuance costs | 25,000 |
|
||
| Cash payment of dividends | (30,000,000 |
) |
||
| Net cash provided by (used in) financing activities | (31,143,000 |
) |
||
| EFFECT OF EXCHANGE RATE CHANGES ON CASH | ||||
| Net increase in cash and cash equivalents | (63,792,000 |
) |
||
| Cash and cash equivalents at beginning of period | 298,409,000 |
|
||
| Cash and cash equivalents at end of period | 234,617,000 |
|
||
View source version on businesswire.com: https://www.businesswire.com/news/home/20250820181710/en/
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Francisco Rodriguez
frodriguez@iusa.com.mx
Tel 5255 5216 4028
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