CEMEX(CX) - 2023 Q2 - Earnings Call Transcript

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 ...