Cemex Q3 EBITDA Climbs 12% to $990M, Beats Consensus on Mexico Recovery
CX is trading near its 52-week low of $9.3 (10% above the low).
Summary
Cemex beat third-quarter estimates, with operating EBITDA up 12% to $990 million and revenue and net income also above consensus. Mexico drove the quarter: cement volumes rose 7% and prices 5% in local currency, extending the recovery that started last quarter. The U.S. was the weak spot — volumes grew but profitability was squeezed by an unexpected operational outage, higher raw material costs and lower cement prices. Management is chasing $475 million in recurring cost savings by 2027 and targets full-year EBITDA growth of 16% to 17%, so the rest of the year hinges on Mexico holding up and the cost cuts landing. This follows the 6-K filed this morning with the same headline numbers.
At the time of this announcement, CX was trading at $10.25 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $15.5B. The 52-week trading range was $9.30 to $13.67. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Seeking Alpha.