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Cemex SAB ( (CX) ) has provided an announcement.
Cemex reported record Net Income of $939 million in 2024, a fivefold increase from the previous year, alongside a 3% growth in EBITDA in the fourth quarter. The company launched ‘Project Cutting Edge,’ a savings initiative expected to enhance EBITDA by $150 million in 2025, aiming for $350 million by 2027. Significant progress was made in decarbonization, with CO2 emissions reductions ahead of its 2025 and 2030 targets. Cemex plans to focus on growth through acquisitions, further deleveraging, and shareholder returns, supported by strong cash flow and asset divestments.
More about Cemex SAB
Cemex is a global construction materials company focused on sustainable products and solutions. It aims for carbon neutrality through innovation and research, leading in the circular economy by utilizing waste and residues in its operations. Cemex provides cement, ready-mix concrete, aggregates, and urbanization solutions worldwide, leveraging digital technologies for superior customer experience.
YTD Price Performance: 5.10%
Average Trading Volume: 9,759,896
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $8.99B
Find detailed analytics on CX stock on TipRanks’ Stock Analysis page.
