Cemex SAB (CX) has released an update.
Cemex SAB has reported a strong performance in the second quarter of 2024, with a 2% increase in EBITDA and the highest EBITDA margin in eight years, despite flat net sales due to challenging weather. The company’s strategic pricing and growth investments, particularly in the US and its Urbanization Solutions business, have contributed to this growth. Additionally, Cemex’s commitment to sustainability has been recognized with a top score in the World Benchmarking Alliance’s Climate and Energy Benchmark and a second Investment Grade rating from Fitch Ratings.
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