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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.
Net Income surged to $734M, mainly from asset sales.
Revenue declined slightly by 1% like-to-like to $3.65B.
Operating EBITDA fell 10% like-to-like due to lower volumes and maintenance costs.
Continued favorable energy cost environment helped offset some operating pressures.
Cemex expects to continue benefiting from energy tailwinds and price stability, though volume and macroeconomic pressures remain risks.
Visualization of income flow from segment revenue to net income