Cemex Sab De Cv ( (CX) ) has released its Q4 earnings. Here is a breakdown of the information Cemex Sab De Cv presented to its investors.
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Cemex Sab De Cv is a global leader in the building materials industry, primarily engaged in the production and distribution of cement, ready-mix concrete, and aggregates, with operations spanning across several continents. In its latest earnings report, Cemex reported a modest decline in annual sales to $16.2 billion, citing decreased volumes despite increased pricing. However, the company achieved a record net income of $939 million, attributed to a lower tax rate and asset divestments. Key financial highlights include a steady operating EBITDA margin of 19.0% and a significant reduction in total debt by 10%. Geographic performance varied, with Mexico facing volume challenges, while Europe experienced robust EBITDA growth. Looking ahead, Cemex remains cautiously optimistic, anticipating continued recovery in Europe and supportive infrastructure spending in Mexico, despite facing headwinds in the U.S. due to extreme weather events.
