CEMEX, S.A.B. de C.V. announced continued solid top line growth, with second-quarter net sales of $4.080 million, an increase of 11%. Pricing was the main driver with cement, ready-mix and aggregates, increasing 16%, 12% and 14%, respectively.
CEMEX’s operations in the United States reported net sales of $1,296 million in the second quarter, an increase of 15%. Operating EBITDA decreased 24% to $162 million in the second quarter.
CEMEX’s operations in the South, Central America and the Caribbean region, reported net sales of $418 million in the second quarter, an increase of 10%. Operating EBITDA decreased 7% to $99 million in the quarter.
Net sales in Mexico increased 7% in the second quarter, to $998 million. Operating EBITDA decreased 4% in the second quarter, to $320 million.
In the Europe, Middle East, Africa and Asia region, net sales increased 12% in the second quarter, to $1,294 million. Operating EBITDA was $193 million for the quarter, 8% higher.
“I am pleased that our pricing strategy is yielding results and has fully offset inflationary costs in the quarter. With improved supply chain dynamics and continued success of our pricing and cost containment strategies, we remain confident we can recover 2021 margins,” said Fernando A. González, CEO of CEMEX. “Our decarbonization program, Future in Action, continues making significant progress, with record levels of alternative fuel usage and clinker factor resulting in a 3% reduction in CO2 emissions in the first half of this year. We remain on track to achieve our ambitious 2030 goals, and on the right path to achieve carbon neutrality. On the digital innovation front, our industry-leading digital platform CEMEX Go continues evolving to provide our customers a superior fully automated digital experience.”