Cemex U.S. Sales Down in Second Quarter

Cemex reported second quarter results, noting that net sales were flat at $4.494 million, reflecting difficult weather conditions in key markets offset by pricing momentum.

  • Net sales in the United States declined 2% to $1,392 million.
  • Net sales in Mexico increased 6%, to $1,381 million, 
  • In the Europe, Middle East and Africa region, net sales were down 7%, to 
  • $1.190 million. 
  • Cemex’s operations in South, Central America and the Caribbean region reported net sales of $457 million, an increase of 3%.

During the quarter, Cemex achieved an important milestone with its second Investment Grade rating from Fitch Ratings. Cemex was also recognized as the top-scoring company in the World Benchmarking Alliance’s 2024 Climate and Energy Benchmark, among 91 of the world’s most influential aluminum, cement and steel companies, evidence that Cemex’s leadership in sustainability holds up well even beyond the cement industry.

“Our strong second quarter results demonstrate the efficacy of our commercial approach and growth strategy. Pricing contribution of our products continues to exceed decelerating input cost inflation, while our bolt-on investments, mainly in the United States, and our Urbanization Solutions business, continued to support EBITDA growth,” said Fernando A. González, CEO of Cemex. “On Climate Action, we continue to make steady progress in decarbonization with a 3% decline in Scope 1 emissions year-to-date. European operations are leading the way, with emissions today already at European industry 2030 targets and within reach of Cemex’s consolidated 2030 targets, almost six years ahead of time.”

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