Loading...
Cemex introduced its 'Project Cutting Edge Sprint' business plan for 2025-2027, targeting significant growth in EBITDA and shareholder distributions. The company announced a 40% increase in its proposed cash dividend to $180 million and a new $500 million share repurchase program over three years. Additionally, Cemex reached an agreement to acquire Omega Products International to bolster its U.S. stucco business.
Cemex achieved a significant net income boost driven by the sale of its Dominican Republic operations, even as operating results were impacted by volume declines and maintenance activities in key regions.