Cemex on Thursday reported its strongest EBITDA (earnings before interest, tax, depreciation and amortization) growth in a decade, noting an increase of 18 percent across 2021.
Additionally, Cemex says its net sales increased 14 percent last year.
“We are very pleased to report exceptional financial and strategic performance during 2021, despite the unprecedented challenges from COVID and cost inflation,” says Fernando González, CEO of Cemex. “I am proud of our efforts, the organization and how we responded to the unique circumstances of the year.”
Cemex operations in the U.S. reported net sales last year of $4.35 billion for an increase of 9 percent. Net sales at those same operations in the fourth quarter was $1.09 billion, an increase of 8 percent versus the prior-year period.
Operating EBITDA at U.S. operations increased 2 percent in 2021 to $762 million. It decreased 7 percent in the fourth quarter, however, to $174 million.
Featured photo: P&Q Staff
