Cemex SAB (CX) has released an update.
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Cemex SAB reported a robust third-quarter performance with net income surging over 200% to $406 million, despite challenges from adverse weather and currency fluctuations. The company is focusing on portfolio optimization, having announced $2.2 billion in divestitures of non-core assets this year, and is committed to growth investments, particularly in the U.S. Additionally, Cemex is making strides in its climate action efforts with significant EU funding for a carbon capture project in Germany.
For further insights into CX stock, check out TipRanks’ Stock Analysis page.
