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Cemex SAB (CX)
NYSE:CX
Earnings Data
Report Date
Apr 28, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.09Last Year’s EPS
0.17Same Quarter Last Year
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2025
|% Change Since: 12.21%
|Next Earnings Date:Apr 28, 2025
Earnings Call Sentiment|Neutral
CEMEX's earnings call highlighted significant achievements such as regaining investment-grade status, strong decarbonization progress, and record net income. However, challenges remain with volume declines and currency headwinds affecting performance. The sentiment is mixed, with optimism for future growth and strategies to mitigate challenges.Company Guidance
During CEMEX's fourth-quarter 2024 conference call, several key financial metrics and strategic initiatives were highlighted. The company reported a leverage ratio of 1.8 times, the lowest since the global financial crisis, following $2.2 billion in divestitures. Approximately 90% of EBITDA is now generated in the U.S., Europe, and Mexico. The company's net income for the year was $939 million. In terms of decarbonization efforts, CEMEX reduced Scope 1 and Scope 2 CO2 emissions by 15% and 17% respectively since 2020. The company also announced a three-year $350 million cost program aimed at delivering $150 million in EBITDA savings by 2025. CEMEX's consolidated EBITDA showed a 9% annual growth rate over the last four years, with a 3% increase in the fourth quarter of 2024. Additionally, the company plans to focus on inorganic growth in the U.S. and reduce strategic CapEx spending over time.Investment-Grade Rating Achieved
CEMEX achieved its long-running goal of recovering its investment-grade rating, providing a runway to pursue growth strategy and sustainable shareholder return programs.
Record Net Income
Net income for 2024 reached $939 million, a record level in recent history, driven by a lower effective tax rate and asset sales.
Decarbonization Efforts
CEMEX reduced its Scope 1 and Scope 2 CO2 emissions by 15% and 17%, respectively, compared to 2020, and received EU innovation funding for carbon capture projects.
Portfolio Rebalancing
Executed $2.2 billion in divestitures, rebalancing the portfolio towards developed markets. Approximately 90% of EBITDA is now generated in the U.S., Europe, and Mexico.
Urbanization Solutions Growth
EBITDA in urbanization solutions increased 4% in 2024 with margin expanding by 1.1 percentage points, driven by high-margin businesses.
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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 |
|---|---|---|---|
| Feb 06, 2025 | $5.98 | $6.78 | +13.38% |
| 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% |
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 Apr 28, 2025, TBA Not Confirmed.
What is Cemex SAB (CX) earnings time?
Cemex SAB (CX) earnings time is at Apr 28, 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 2025 (Q1) is 0.09.
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