Cemex offers details on its early-2022 performance

By |  April 28, 2022

Logo: Cemex

Cemex operations in the U.S. reported net sales of $1.19 billion in the first quarter, an increase of 18 percent over the prior-year period.

Additionally, operating EBITDA (earnings before interest, tax, depreciation and amortization) for Cemex’s U.S. operations increased 2 percent in the first quarter to $200 million.

Globally, Cemex says its first-quarter net sales increased 13 percent to $3.77 billion. Operating EBITDA companywide jumped 3 percent to $691 million.

“We are quite pleased with our first-quarter performance despite the unprecedented global macro challenges,” says Fernando González, CEO of Cemex. “Against the backdrop of the worst inflation headwinds in more than 40 years, we achieved strong pricing traction across our products. Given the tight supply-demand dynamics in most of our markets, we are optimistic that we can recover input cost inflation.”

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About the Author:

Kevin Yanik is editor-in-chief of Pit & Quarry. He can be reached at 216-706-3724 or kyanik@northcoastmedia.net.

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