Cemex SAB de CV ADRCX
Mentioned
Impact on stocks 1
Materials
Cemex SAB de CV ADRCemex SAB de CV ADRCemex reported second-quarter results with consolidated EBITDA exceeding $1 billion, including a $42 million one-off settlement in Europe. Adjusted sales grew 11%, EBITDA expanded 19%, and EBIT grew 29%, while the EBITDA margin expanded 1.4 percentage points to 21.4% after adjustments. Free cash flow from operations reached a record $651 million, up over $400 million year-on-year, driven by an 18% like-to-like EBITDA growth from efficiencies and organic gains. The company achieved 80% of its $400 million cost-savings target and raised the goal to $475 million, while net debt increased by approximately $270 million due to acquisitions, buybacks, and dividends, with net financial leverage at 2.08x, a decrease of 0.22x from the prior quarter. Cemex raised its full-year EBITDA guidance to a 16% to 17% year-over-year growth range and expects interest expense to decline by about $40 million compared to last year.
Cemex SAB de CV ADR