Cemex sales up globally, domestically in first quarter 2017

By |  April 28, 2017

Cemex‘s consolidated net sales increased 6 percent to $3.1 billion during the first quarter of 2017, the company reports.

According to Cemex, the increase in quarterly consolidated net sales was due to higher product prices in most of its operations.

In addition, Cemex’s operating earnings before interest, tax, depreciation and amortization (EBITDA) on a like-to-like basis increased 2 percent during the quarter to $559 million, compared with the same period in 2016.

Also in the first quarter of 2017, Cemex’s operating earnings before other expenses increased 3 percent on a like-to-like basis to $351 million; its controlling interest net income improved to $336 million; and its operating EBITDA margin decreased by 0.5 percentage points on a year-over-year basis, reaching 17.8 percent.

Cemex’s operations in the United States reported net sales of $834 million in the first quarter of 2017, which is up 2 percent on a like-to-like basis from the same period in 2016. Its operating EBITDA increased 32 percent on a like-to-like basis to $118 million, as well, Cemex reports.

“We continued to see favorable results from our value-before-volume strategy during the quarter,” says Fernando Gonzalez, CEO of Cemex. “Sequential and year-over-year pricing increased in the low- to mid-single digits for our three core products.”

Cemex is a global building materials company that provides products and services to customers and communities in more than 50 countries.

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