CEMEX(CX)
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Don't Overlook These 4 Value Stocks With High Earnings Yield
Zacks Investment Research· 2024-01-25 13:40
As of now, the market dynamics exhibit a mix of positive and cautionary signals, prompting investors to chalk out effective investment strategies. In 2023, the S&P 500 surged 24%, fueled by steady economic growth squashing recession fears. The Federal Reserve's pause on interest rate increases, driven by reduced price pressure, further buoyed market confidence.The stock market is surging during this earnings season, as evident from the S&P 500’s fourth consecutive record high yesterday. Possibly, the market ...
CEMEX(CX) - 2023 Q3 - Earnings Call Transcript
2023-10-26 23:11
CEMEX, S.A.B. de C.V. (NYSE:CX) Q3 2023 Earnings Conference Call October 26, 2023 10:00 AM ET Lucy Rodriguez - Chief Communications Officer Ben Theurer - Barclays Operator And now I will turn the conference over to Lucy Rodriguez, Chief Communications Officer to begin. Lucy please proceed. And now I will hand it over to Fernando. Fernando Gonzalez We remain fairly committed to prioritizing our people's health and safety and as such, we are supporting in every possible way, our employees, their families and ...
CEMEX(CX) - 2023 Q3 - Earnings Call Presentation
2023-10-26 20:57
High Performance Sports Complex, Jalpa de Méndez, Mexico Third Quarter 2023 Results UNLESS OTHERWISE NOTED, ALL FIGURES ARE PRESENTED IN DOLLARS, BASED ON INTERNATIONAL FINANCIAL REPORTING STANDARDS,AS APPLICABLE 3Q23 Key highlights• A record third quarter1, with EBITDA growing 32% • EBITDA margin above our goal of recovering 2021 level for the first time • Growth investments contributing 11% of incremental EBITDA • Historic low in CO2 emissions, with a 3% YTD reduction • Significant growth in ROCE3 Net Sal ...
西麦斯(CX) - 2023 Q3 - Quarterly Report
2023-10-25 16:00
Exhibit 2 // CEMEX Third Quarter Results 2023 High Performance Sports Complex, Jalpa de Méndez, Mexico | --- | --- | |-------|--------------------------------------| | | | | | NYSE (ADS) Stock Listing Information | | | Ticker: CX | | | | | | Mexican Stock Exchange (CPO) | | | Ticker: CEMEX.CPO | | | Ratio of CEMEXCPO to CX = 10:1 | Investor Relations In the United States: + 1 877 7CX NYSE In Mexico: + 52 (81) 8888 4292 E-Mail: ir@cemex.com | --- | --- | --- | --- | --- | --- | --- | --- | --- | |----------- ...
CEMEX(CX) - 2023 Q2 - Earnings Call Presentation
2023-08-10 12:44
Second Quarter Results 2023 In Mexico: + 52 (81) 8888 4292 This information does not include discontinued operations. Please see page 14 of this report for additional information. Cement and aggregates volumes in thousands of metric tons. Ready-mix volumes in thousands of cubic meters. In millions of U.S. dollars, except volumes, percentages, employees, and per-ADS amounts. Average ADSs outstanding are presented in millions. Please refer to page 13 for end-of quarter CPO-equivalent units outstanding. Contro ...
CEMEX(CX) - 2023 Q2 - Earnings Call Transcript
2023-07-28 01:29
Second quarter margin expanded by approximately three percentage point year-over-year and sequentially, reaching 21.1%. This is happening despite the margin headwinds of product mix and lower volumes. The improvement is driven not only by pricing, but also by recent cost inflation and operational efficiencies, as shown in the sequential decreases in COGS as a percentage of Sales, over the last quarters. We continue making significant inroads in our decarbonization efforts, executing against our plan-by-plan ...
西麦斯(CX) - 2023 Q2 - Quarterly Report
2023-07-26 16:00
Second Quarter Results 2023 UDEM - Roberto Garza Sada Center, Santa Catarina, Mexico Operating and financial highlights | | | January - June | | | | Second Quarter | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | l-t-l | | | | l-t-l | | | 2023 | 2022 | % var | % var | 2023 | 2022 | % var | % var | | Consolidated domestic gray cement volume | 25,743 | 27,993 | (8%) | | 13,426 | 14,271 | (6%) | | | Consolidated ready-mix volume | 24,077 | 25,214 | (5%) | | 12,371 | 13,049 | (5%) | | | C ...
CEMEX(CX) - 2023 Q1 - Earnings Call Transcript
2023-05-02 19:54
Financial Data and Key Metrics - Net sales rose high single digit due to the company's pricing strategy, with EBITDA growing by 6% despite a difficult prior year comparison [110] - EBITDA margin expanded sequentially by almost two percentage points, with a slight year-over-year decline being the smallest in five quarters [31] - Cost of goods sold as a percent of sales was 1.1 percentage points lower than the prior year, driven by easing inflationary pressures [8] - Leverage ratio improved to 2.62 times, a sequential reduction of 0.22 times, due to the issuance of a green subordinated perpetual note [9] - Net income was $225 million, 14% higher than the prior year, driven by better operational results and a positive foreign exchange effect [44] Business Line Performance - Cement volumes declined double-digit primarily due to severe winter weather in the U.S., with weather conditions explaining approximately 60% of the decline [29] - Ready-mix and aggregate volumes grew double-digit and mid-single-digit respectively, reflecting the dynamism of formal construction in Mexico [40] - The urbanization solutions business showed remarkable performance, with EBITDA rising 34% and the admixtures business growing more than 60% [113][82] - In Europe, cement pricing traction remained strong with prices up 35% year-over-year, and EBITDA grew 46% [83] - Middle East and Africa saw double-digit EBITDA growth, driven by strong pricing and margin performance in Egypt [30] Market Performance - U.S. volumes declined due to severe winter weather, but recovery is expected as weather conditions improve [10][36] - Mexico showed strong pricing traction with double-digit growth in sales and high single-digit growth in EBITDA, supported by industrial and infrastructure demand [89][21] - Europe delivered strong financial results despite a challenging volume backdrop, with sales and EBITDA growing double-digit [116] - South, Central America, and the Caribbean region saw 4% net sales growth, driven by disciplined pricing, though cement volumes remained pressured [30] Strategic Direction and Industry Competition - The company upgraded its 2030 and 2050 climate goals, validated by SBTi under the one and a half degree scenario, emphasizing decarbonization as a profitable transition [3] - The company is investing in green projects, with $1 billion in green subordinated perpetual notes issued, aligning with its sustainability agenda [93][32] - The U.S. market is moving towards composite cement, which requires less clinker and aligns with lower carbon product trends [13][14] - The company is focusing on recovering 2021 margins, with pricing strategies aimed at offsetting inflationary pressures [11][34] Management Commentary on Operating Environment and Outlook - Management believes the quarter marks an inflection point in margin recovery, with cost inflation easing and pricing traction improving [11][109] - The company expects improving margins going forward, driven by easing energy cost inflation and lower imports [31][120] - The U.S. industrial sector is a strong driver of demand, benefiting from the CHIPS Act, Inflation Reduction Act, and infrastructure spending [50][98] - The company remains optimistic about Europe's medium-term outlook, supported by decarbonization and urbanization solutions [83][131] Other Important Information - The company achieved record CO2 reduction levels, with a 3% decline versus the first quarter of 2022, driven by alternative fuel usage and a record low clinker factor [9][104] - Working capital days increased by eight versus the prior year, primarily due to inflationary impacts on inventories [44] - The company completed the acquisition of Atlantic Minerals Limited, expanding U.S. aggregate reserves by 20% [105] Q&A Session Summary Question: How is the company managing debt structure changes? - The company reduced bank debt and called a $1 billion bond, with 35% of debt being bank debt and 32% high yield notes as of Q1 2023 [19][61] Question: What are the expectations for U.S. volume recovery? - The company expects recovery in U.S. volumes aligned with guidance, driven by industrial and infrastructure demand, despite weather-related challenges [36][50] Question: How sustainable are margin improvements in Mexico? - Margins in Mexico are expected to remain strong, with double-digit pricing tailwinds and positive demand dynamics [62][89] Question: What are the risks to sequential margin expansion? - Risks include potential maintenance works and labor logistics delays, though input cost deceleration is expected to support margins [119][120] Question: How is the company addressing decarbonization in the U.S.? - The company is transforming cement plants to produce lower carbon products, such as composite cement, aligning with U.S. market trends [13][14] Question: What are the pricing strategies for the U.S. market? - The company announced high single-digit pricing increases for 65% of U.S. volumes, excluding California and Arizona, effective July 2023 [64][65]
CEMEX(CX) - 2022 Q4 - Annual Report
2023-04-30 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of ...
CEMEX(CX) - 2022 Q4 - Annual Report
2023-04-30 16:00
FORM 6-K For the month of April 2023 Cemex, S.A.B. de C.V. (Translation of Registrant's name into English) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐ Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐ Contents SIGNATURE | --- | --- | |--- ...