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.
The Thesis
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CEMEX: Still A Good Buy As Volume Recovery Continues