Cemex Third-Quarter Net Profit Jumps 55% on Higher Sales
Cemex lifted third-quarter net profit 55% to $407 million as sales rose 8% to $4.59 billion, according to Dow Jones Newswires, citing the company's report.
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what happened
Mexico-based cement maker Cemex reported a 55% rise in net profit for July through September, to $407 million from $264 million a year earlier, Dow Jones Newswires reported. That equals 28 cents per American depositary share. Revenue climbed 8% to $4.59 billion, helped by higher prices and bigger cement shipments.
Cement volume rose 3% to 11.5 million metric tons, while aggregates fell 3% to 34.2 million tons and ready-mix concrete slipped 2% to 11 million cubic meters. EBITDA grew 12% to $990 million and operating profit rose 19% to $652 million. The company said proceeds from asset sales under its Project Cutting Edge have topped $200 million since the program launched last year. Sales in Mexico increased 16%, and in the U.S. they rose 5%.
why it matters
The results suggest construction-material demand in Mexico and the U.S. remains firm, which the company ties to infrastructure, residential building and government programs. Investors will also watch the stronger operating profit and the company's plan to reinvest asset-sale proceeds in more strategic opportunities.
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sources
- Cemex 3Q Net Profit Rises on Higher Sales, Operating Gains — Dow Jones Newswires, 26 October 2026 at 12:15 UTC
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