Cemex boosts earnings in Q3 as restructuring plan continues with asset sales
CX•Cemex's third-quarter EBITDA rose 12% to $990 million, while net sales increased 8% to $4.59 billion. The company has started negotiations with Vicat to sell concrete assets in France and expects continued momentum in Mexico's residential construction in 2027.
1. Earnings rise
Cemex's EBITDA increased 12% year over year to $990 million in the July-September quarter, beating forecasts. Net sales rose 8% to $4.59 billion, fueled by higher gray cement volumes; revenue in Mexico increased 16%, supported by government social programs.
2. Asset sales continue
Cemex said it continued its transformation plan, including the sale of ready-mix and recycled concrete assets in Atlanta. It has also started negotiations with Vicat to sell concrete assets in France. Since its asset-pruning initiative began in 2025, Cemex has generated more than $200 million in divestment proceeds.
3. Mexico outlook
The company expects Mexico's industry demand to remain constructive, with continued momentum in residential construction in 2027. Itau analysts highlighted that the company's guidance remained unchanged despite energy-cost headwinds.
