Cemex’s US sales down, earnings up in first quarter

By |  April 26, 2024
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Cemex’s U.S. sales declined 2 percent in the first quarter to $1.23 billion, while the company’s EBITDA in the market increased 3 percent to $237 million.

Globally, Cemex’s net sales increased 3 percent to $4.13 billion while EBITDA increased 5 percent to $772 million.

“Our first quarter in 2024 continued to build on an exceptional 2023,” says Fernando González, CEO of Cemex. “EBITDA represents a first-quarter record for the company, despite fewer working days and difficult weather conditions in many markets. Our pricing strategy effectively outpaced input cost inflation, while our growth investments and Urbanization Solutions business were instrumental in driving EBITDA growth in the quarter.”

Featured photo: P&Q Staff

Related: Cemex CEO reflects on fourth quarter, year-end 2023

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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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