CEMEX Q2 EBITDA Tops $1B, Full-Year Growth Outlook Lifted to 16–17%

summarizeSummary

CEMEX reported Q2 2026 EBITDA of $1.018 billion, up 24% year-over-year, and raised its full-year EBITDA growth guidance to 16–17%. Record free cash flow of $637 million and an increased cost-savings target underscore the momentum of its transformation program.

check_boxKey Events · Earnings and Guidance · CX

• Record Q2 EBITDA of $1.018B

  Consolidated EBITDA reached $1.018 billion, a 24% increase year-over-year, driven by Project Cutting Edge efficiencies and organic growth in most regions. EBITDA margin expanded 2.1 percentage points to 22.2%.

• Full-Year EBITDA Guidance Raised to 16-17% Growth

  Management lifted its 2026 EBITDA growth outlook from high single digits to 16–17%, citing strong first-half performance and continued contributions from its cost-savings program.

• Free Cash Flow Triples to $637M

  Free cash flow from operations surged to $637 million in Q2, up from $204 million a year ago, supported by improved working capital and lower interest payments.

• Cost-Savings Target Increased by $75M

  The Project Cutting Edge savings target was raised to $475 million, with 80% of the original $400 million goal already achieved. Most new savings are expected in 2027 from procurement.

auto_awesomeAnalysis · CX · Manufacturing

A standout quarter saw EBITDA surge 24% to a record $1 billion, powered by cost efficiencies and a recovery in Mexico. With the transformation clearly accelerating, management raised its full-year EBITDA growth outlook from high single digits to 16–17%. Free cash flow tripled to $637 million, providing ample capacity for shareholder returns and debt reduction. The results beat expectations and signal that the company's turnaround is gaining real traction.