Cemex’s U.S. sales slipped 4 percent in the first quarter to $1.19 billion, with its operating EBITDA (earnings before interest, tax, depreciation and amortization) in the region dropping 20 percent to $190 million.
Globally, Cemex’s sales were down 7 percent in the first quarter to $3.64 billion. Operating EBITDA also slipped globally – 18 percent – to $601 million during the first quarter.
The company, however, says it achieved a record quarterly net income of $734 million.
“I am committed to providing the highest possible returns to our shareholders by being the best partner to our customers, having a laser-like focus on operational efficiency, and following a disciplined capital allocation strategy,” says Jaime Muguiro, who took over as Cemex CEO at the start of April. “I am confident we have the right management team to accomplish this.”
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