Cambridge-Lee Holdings Consolidated Results of Operations for Q1 2026
READING, Pa.--(BUSINESS WIRE)--Cambridge-Lee Holdings, Inc, has announced its unaudited consolidated results for the first quarter of 2026.
| CAMBRIDGE-LEE HOLDINGS, INC. AND SUBSIDIARIES | |||||||||||
| (A Wholly Owned Subsidiary of Tubo de Pasteje S.A. de C.V.) | |||||||||||
| CONSOLIDATED BALANCE SHEETS | |||||||||||
| As of December 31, 2026 and December 31, 2025 | |||||||||||
| Figures in US Dollars | 12/31/2025 | 3/31/2025 | 3/31/2026 | ||||||||
| Assets | |||||||||||
| Current Assets: | |||||||||||
| Cash and cash equivalents | $ | 52,585,000 |
| $ | 305,082,000 |
|
| 85,227,000 |
| ||
| Accounts Receivable - Net |
| 89,869,000 |
|
| 123,432,000 |
|
| 154,873,000 |
| ||
| Accounts Receivable - Affiliates |
| 43,341,000 |
|
| 25,808,000 |
|
| 47,961,000 |
| ||
| Notes Receivable - Affiliates |
| 26,000,000 |
|
| 0 |
|
| 26,000,000 |
| ||
| Accounts Receivable - Refundable Income Tax |
| 2,144,000 |
|
| 1,141,000 |
|
| 2,144,000 |
| ||
| Other Receivables |
| 970,000 |
|
| 564,000 |
|
| 682,000 |
| ||
| Inventories — net |
| 134,707,000 |
|
| 107,560,000 |
|
| 140,131,000 |
| ||
| Other current assets |
| 9,689,000 |
|
| 23,458,000 |
|
| 31,843,000 |
| ||
| Short term investments |
| 146,523,000 |
|
| 0 |
|
| 148,701,000 |
| ||
| Deferred income taxes |
| 0 |
|
| 0 |
|
| (38,000 | ) | ||
| Total current assets |
| 505,828,000 |
|
| 587,045,000 |
|
| 637,524,000 |
| ||
| Property, Plant, and Equipment — Net |
| 62,582,000 |
|
| 49,318,000 |
|
| 81,265,000 |
| ||
| ROU Asset |
| 4,072,000 |
|
| 4,645,000 |
|
| 3,747,000 |
| ||
| Deferred Financing Fees — Net |
| 65,000 |
|
| 104,000 |
|
| 52,000 |
| ||
| Other Long-Term Assets |
| 21,745,000 |
|
| 431,000 |
|
| 568,000 |
| ||
| Total | $ | 594,292,000 |
| $ | 641,543,000 |
| $ | 723,156,000 |
| ||
| Liabilities and Shareholders' Equity | |||||||||||
| Current Liabilities: | |||||||||||
| Current portion of long-term debt |
| 9,000 |
|
| 1,750,000 |
|
| 2,000 |
| ||
| Revolving credit facility |
| 0 |
| ||||||||
| Lease Liability - S. T. |
| 1,323,000 |
|
| 1,221,000 |
|
| 1,301,000 |
| ||
| Trade Accounts Payable |
| 25,604,000 |
|
| 44,988,000 |
|
| 65,909,000 |
| ||
| Affiliates Payable |
| 3,945,000 |
|
| 5,368,000 |
|
| 3,510,000 |
| ||
| Accrued expenses and taxes other than income tax |
| 23,259,000 |
|
| 17,747,000 |
|
| 26,411,000 |
| ||
| Deferred Income Taxes |
| 0 |
|
| 0 |
|
| 0 |
| ||
| Income taxes payable |
| 1,658,000 |
|
| 15,439,000 |
|
| 23,865,000 |
| ||
| Total current liabilities |
| 55,798,000 |
|
| 86,513,000 |
|
| 120,998,000 |
| ||
| Long-Term Debt |
| 2,000 |
|
| 0 |
| |||||
| Long-Term Obligations — Other |
| 5,974,000 |
|
| (778,000 | ) |
| 3,319,000 |
| ||
| Lease Liability - L. T. |
| 2,786,000 |
|
| 3,475,000 |
|
| 2,473,000 |
| ||
| Deferred Income Taxes |
| 914,000 |
|
| 2,360,000 |
|
| 914,000 |
| ||
| Total liabilities |
| 65,472,000 |
|
| 91,572,000 |
|
| 127,704,000 |
| ||
| 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 |
| ||
| Investment in Parent | |||||||||||
| Excess of liabilities assumed over book value | |||||||||||
| of assets transferred |
| (17,514,000 | ) |
| (17,514,000 | ) |
| (17,514,000 | ) | ||
| Retained earnings |
| 506,003,000 |
|
| 527,247,000 |
|
| 570,647,000 |
| ||
| Accumulated other comprehensive income (loss) |
| 1,726,000 |
|
| (126,000 | ) |
| 1,726,000 |
| ||
| Noncontrolling owner’s interest |
| 14,399,000 |
|
| 16,158,000 |
|
| 16,387,000 |
| ||
| Total shareholders' equity |
| 528,820,000 |
|
| 549,971,000 |
|
| 595,452,000 |
| ||
| TOTAL | $ | 594,292,000 |
| $ | 641,543,000 |
| $ | 723,156,000 |
| ||
$ | 0 |
| $ | 0 |
| $ | 0 |
| |||
| 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 December 31, 2026 and December 31, 2025 | |||||||||
| Figures in US Dollars | 12/31/2025 | 3/31/2025 | 3/31/2026 | ||||||
| Revenues: | |||||||||
| Net Sales | $ | 956,179,000 |
| $ | 224,456,000 | $ | 286,353,000 | ||
| Cost of Sales |
| 621,622,000 |
|
| 162,671,000 | $ | 187,069,000 | ||
| Gross Income |
| 334,557,000 |
|
| 61,785,000 |
| 99,284,000 | ||
| Selling, General and Administrative Expenses |
| 54,130,000 |
|
| 11,064,000 | $ | 13,258,000 | ||
|
| ||||||||
| Operating Income |
| 280,427,000 |
|
| 50,721,000 |
| 86,026,000 | ||
| Other Expense: | |||||||||
| Interest — net |
| 13,884,000 |
|
| 904,000 | $ | 2,058,000 | ||
| Other — net |
| (904,000 | ) |
| 2,203,000 | $ | 794,000 | ||
| Total Other Expense |
| 12,980,000 |
|
| 3,107,000 |
| 2,852,000 | ||
| Income (Loss) From Continuing Operations Before Provision for Income Taxes |
| 293,407,000 |
|
| 53,828,000 |
| 88,878,000 | ||
| Provision (benefit) for Income Taxes |
| 78,264,000 |
|
| 14,197,000 | $ | 22,245,000 | ||
| Net Income Gain (Loss) from Continuing Operations |
| 215,143,000 |
|
| 39,631,000 |
| 66,633,000 | ||
| Net Income (Loss) |
| 215,143,000 |
|
| 39,631,000 |
| 66,633,000 | ||
| Net Income Attributable to Noncontrolling Interest |
| 6,435,000 |
|
| 1,185,000 | $ | 1,989,000 | ||
| Net Income Attributable to Cambridge-Lee Holdings, Inc. |
| 208,709,000 |
|
| 38,447,000 |
| 64,645,000 | ||
| CAMBRIDGE-LEE HOLDINGS, INC | ||||
| STATEMENT OF CASH FLOW | ||||
| Figures in US Dollars | ||||
| March 31, 2026 | ||||
| OPERATING ACTIVITIES: | ||||
| Net income (loss) | 66,633,000 |
| ||
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||||
| Depreciation and amortization | 1,561,000 |
| ||
| Allowance for (benefit from) doubtful accounts receivable | 276,000 |
| ||
| Changes in assets and liabilities which provided (used) cash: | ||||
| (Increase) decrease in accounts and notes receivable | (69,611,000 | ) | ||
| (Increase) decrease in inventories | (5,424,000 | ) | ||
| (Increase) decrease in prepaid expenses, deposits and other assets | (7,703,000 | ) | ||
| Increase (decrease) in other long term obligations | (2,656,000 | ) | ||
| Increase (decrease) in accounts payable, accrued exps & amounts due to affiliates | 43,020,000 |
| ||
| Change in operating lease liabilities | (16,000 | ) | ||
| Increase (decrease) in income taxes payable | 22,246,000 |
| ||
| Increase (decrease) in short-term investments | (2,178,000 | ) | ||
| Total adjustments | (20,485,000 | ) | ||
| net cash provided by (used in) operating activities | 46,148,000 |
| ||
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||||
| Purchases of property, plant and equipment | (13,519,000 | ) | ||
| Net cash provided by (used in) investing activities | (13,519,000 | ) | ||
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||||
| Payment of debt issuance costs | 13,000 |
| ||
| Cash payment of dividends | - |
| ||
| Net cash provided by (used in) financing activities | 13,000 |
| ||
| EFFECT OF EXCHANGE RATE CHANGES ON CASH | ||||
| Net increase in cash and cash equivalents | 32,642,000 |
| ||
| Cash and cash equivalents at beginning of period | 52,585,000 |
| ||
| Cash and cash equivalents at end of period | 85,227,000 |
| ||
Contacts
Francisco Rodriguez
frodriguez@iusa.com.mx
Tel 5255 5216 4028
