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CX - CEMEX: Still A Good Buy As Volume Recovery Continues
Cemex S.A.B. de C.V. Sponsored ADR
2024-04-30 06:50:21 ET
Summary
CEMEX is experiencing volume decline but expects growth in the coming quarters due to improving weather conditions and economic conditions in the U.S. and EMEA regions respectively.
Q1 2024 performance saw significant volume declines in the EMEA and US regions, but robust results in the Mexican segment.
The company's long-term prospects look promising, with potential volume recovery, strong pricing, and growth in the Urbanization business. Valuation is still at a discount.