CX - Building Materials Firm Cemex Reports Q3 Revenue Beat On Strong Pricing Across All Regions | Benzinga
Cemex SAB de CV (NYSE: CX) reported a third-quarter (Q3) revenue increase of 9% Y/Y to $4.571 million, beating the consensus of $4.489 billion.
Results benefited from strong pricing across all markets, decelerating input cost inflation, contributions from growth investment strategy, and Urbanization Solutions business.
Volumes declined 4% Y/Y each in cement and ready-to-mix segments in Q3.
EBITDA rose 32% Y/Y to $910 million, with margins increasing 3.5ppt Y/Y to 19.9%.
Net Sales in the U.S. operations rose 5% Y/Y, while ...