How Cemex performed in the second quarter

By |  August 2, 2023

Cemex logo

Cemex’s U.S. business reported a record second quarter, with EBITDA growing 87 percent to $303 million.

Net sales in the U.S. grew 10 percent to $1.42 billion, Cemex says.

Globally, Cemex says its sales grew 10 percent in the second quarter, with 29 percent growth in EBITDA achieved. According to Cemex, the EBITDA improvement across all regions reflects not only the success of its pricing strategy and decelerating input cost inflation, but the incremental contribution from its growth investments portfolio and expanding urbanization solutions business.

“The success of our pricing strategy, bolt-on investments and urbanization solutions business, as well as decelerating cost inflation, are driving what is shaping up to be a very strong year for our company,” says Fernando González, CEO of Cemex. “One of our main priorities has been to recover 2021 margins, and we are getting very close.”

Related: How Cemex performed in the first quarter of 2023

Avatar photo

About the Author:

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

Comments are closed