How Cemex fared in the third quarter

By Kevin Yanik| October 31, 2023

Net sales at Cemex operations in the U.S. rose 5 percent in the third quarter to $1.39 billion, the company reports.

Cemex’s EBITDA in the U.S., meanwhile, increased 36 percent to $268 million.

While the company’s U.S. EBITDA increase is ahead of Cemex’s global EBITDA increase (32 percent), Cemex’s net sales increase globally outpaced the U.S. mark. Global net sales in the third quarter were up 9 percent at Cemex to $4.57 billion.

According to Cemex, several factors bolstered its third-quarter financial results. Strong pricing across all markets and decelerating input cost inflation were among the contributing factors.

“2023 is proving to be an exceptional year for our company, and I am especially encouraged by our recovery of EBITDA margins to 2021 levels – a key strategic priority,” says Fernando González, CEO of Cemex. “The success of our pricing strategy, contribution of growth investments and our fast-growing Urbanization Solutions business, as well as decelerating cost inflation, are contributing to profitability in a very meaningful way.”