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Cemex SAB (CX)
NYSE:CX
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.13Last Year’s EPS
-$0.3Same Quarter Last Year
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 28, 2024
|% Change Since: -5.17%
|Next Earnings Date:Feb 06, 2025
Earnings Call Sentiment|Positive
While CEMEX faced significant challenges, particularly with weather-related impacts and increased electricity costs, the company demonstrated strong financial resilience, strategic divestments, and notable progress in sustainability. The positive developments, such as strong pricing strategies and robust performance of the U.S. aggregates business, slightly outweigh the negatives.Company Guidance
During the third quarter 2024 earnings call for CEMEXCPO.MX, the company provided guidance reflecting several strategic and operational metrics. The executives announced significant progress in portfolio optimization, with $1.4 billion in asset sales during the quarter, contributing to year-to-date divestitures of $2.2 billion. They outlined the impact of adverse weather conditions, estimating a consolidated weather impact of approximately $33 million on EBITDA. Despite these challenges, net income showed exceptional strength, growing over 200% year-over-year. The company also highlighted a 13% contribution to EBITDA from their growth strategy and a 3% reduction in Scope 1 CO2 emissions year-to-date. Looking forward, CEMEX anticipates a low single-digit percentage decrease in full-year EBITDA and is adjusting their total CapEx guidance to $1.5 billion. They emphasized ongoing efforts to recycle divestment proceeds into growth investments, aiming for a leverage ratio of 1.5x over the next two years, while also planning for progressive shareholder returns.Significant Portfolio Optimization
CEMEX announced $1.4 billion in asset sales in Q3, bringing year-to-date divestitures to $2.2 billion. Approximately 90% of EBITDA will now be generated in the U.S., Europe, and Mexico.
Net Income Growth
Net income grew over 200% year-over-year, showcasing exceptional strength despite challenging market conditions.
Climate Action Progress
CEMEX reduced year-to-date Scope 1 and 2 CO2 emissions by 3% and 4%, respectively, and secured EU innovation funding for a carbon capture project in Germany.
Recognition for Sustainability Efforts
CEMEX's global waste management business, Regenera, was included in Fortune's 2024 Change the World list.
Positive Pricing Strategies
CEMEX's pricing strategies led to low single-digit increases in product prices, helping to cover variable costs despite volume declines.
Strong Aggregates Business in U.S.
U.S. aggregates operations now contribute 36% of EBITDA with margins over 30%, showing resilience and profitability.
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CX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 28, 2024 | $5.96 | $5.44 | -8.72% |
| Jul 25, 2024 | $6.17 | $6.32 | +2.43% |
| Apr 25, 2024 | $8.04 | $8.10 | +0.75% |
| Feb 08, 2024 | $8.65 | $7.90 | -8.67% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cemex SAB (CX) report earnings?
Cemex SAB (CX) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Cemex SAB (CX) earnings time?
Cemex SAB (CX) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CX EPS forecast?
CX EPS forecast for the fiscal quarter 2024 (Q4) is $0.13.
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