May 28, 2026 at 20:48 PM EDT
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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 |
|
||
View source version on businesswire.com: https://www.businesswire.com/news/home/20260528900349/en/
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