Higher pricing, volumes drive Cemex in second-quarter 2018

By |  July 30, 2018

Gonzalez

Consolidated net sales at Cemex increased by 7 percent in the second quarter to $3.8 billion.

The increase was due to higher prices and higher volumes in several of the regions the company serves, including the United States. Cemex’s operations in the U.S. reported net sales of $989 million, an increase of 9 percent from the same period in 2017.

Cemex’s net income increased by 32 percent on a year-over-year basis, reaching $382 million during the quarter.

“We are encouraged by the very favorable volume dynamics we saw in most of our portfolio during the quarter, with improvements in pricing which should translate into higher profitability during the second half of the year,” says Fernando Gonzalez, CEO of Cemex. “Our operations in the U.S. and Europe indicate a strong sequential growth in volumes resulting from strong demand and pent-up activity after adverse weather conditions in the first quarter, as well as improved pricing dynamics.”

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