‘Strong’ second quarter 2021 propels Cemex forward

By |  August 3, 2021

Photo: Cemex logo

Cemex characterized its second-quarter results as “strong,” reporting that EBITDA (earnings before interest, tax, depreciation and amortization) grew in all global regions.

Additionally, Cemex says its consolidated net sales increased 25 percent to $3.9 billion while operating EBITDA improved 39 percent to $818 million.

In the U.S., net sales reached $1.1 billion for an increase of 13 percent. Operating EBITDA grew 7 percent in the U.S. to $212 million.

“We are quite pleased to report another strong consecutive performance,” says Fernando González, CEO of Cemex. “During the quarter, we accomplished some important milestones in our growth story. Quarterly highlights include the achievement of our long-time leverage goal, a 39 percent increase in quarterly EBITDA, and our announcement of industry-leading climate action targets.

“Our growth in the quarter, which exceeded pre-pandemic levels, gives us confidence that this performance is sustainable in the second half of the year,” González adds. “We are optimistic, and we will take advantage of this favorable backdrop to focus on our bolt-on investment strategy, further deleveraging and investing to reach our new climate action targets.”

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