Cemex operations in the U.S. reported a 3 percent sales decline in the fourth quarter and a flat EBITDA (earnings before interest, tax, depreciation and amortization).
Additionally, the company’s U.S. operations reported a 3 percent decline in sales across all of 2024, with sales totaling $5.19 billion.
Globally, Cemex says it reached an annual EBITDA of $3.07 billion in 2024 and a net income of $939 million.
“I am proud of our achievements this year, as it marks a pivotal moment in the corporate transformation we envisioned in 2020,” says Fernando González, CEO of Cemex. “With the recovery of our investment grade ratings, improved free cash flow generation and the execution of $2.2 billion in asset divestments, we can now pursue more aggressively our capital allocation priorities of growth through small to medium-sized acquisitions, primarily in the U.S., additional deleveraging, and building further on our shareholder return programs.”
In the fourth quarter, Cemex’s global net sales were flat at $3.81 billion while net sales decreased 1 percent to $16.2 billion.
