Aggregate and ready-mixed concrete volumes increased in the first quarter within the U.S. at Cemex, whose sales and operating EBITDA in the region were flat.
Globally, Cemex’s first-quarter sales were up 11 percent to $4.01 billion. Operating EBITDA was up 34 percent to a record $794 million, with Cemex attributing the gain to operational efficiencies, pricing strategy, operating leverage and stronger foreign exchange.
The company says the U.S. market “showed resilience” despite adverse weather.
“I am very pleased with our first‑quarter results, which reflect the ongoing benefits of our transformation and a structurally stronger Cemex with a more resilient earnings profile,” says Jaime Muguiro, CEO of Cemex. “Despite the uncertain global backdrop, our self-help measures under Project Cutting Edge that we have put into place, coupled with strong first-quarter results, give me confidence on our full‑year, high-single-digit EBITDA growth guidance.”
