Cemex SAB de CV Stock News

The heavy selling pressure might have exhausted for Cemex (CX) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in rev

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CX vs. MLM: Which Stock Is the Better Value Option?

CX vs. MLM: Which Stock Is the Better Value Option?

Solid Cement Corp., a unit of listed Mexican firm Cemex Holding Philippines Inc. (CHP), is finally pushing through

Cemex Holdings Philippines Inc. (CHP) reported a 26 percent drop in net income to P726 million last year from the P985 million earned in 2020 mainly due to foreign exchange losses as well as the lower operating earnings in the fourth quarter. In a disclosure to the Philippine Stock Exchange, CHP said it incurred a P172 million consolidated net loss in the last quarter of 2021 as against a net income of P227 million in the same period of 2020. cemex-logo “Despite the challenges of COVID-19, adverse weather, and rising input costs, we are proud of our accomplishments in 2021,” said CHP President Ignacio Mijares. He added that, “We embraced health and safety, enhanced customer experience, and advanced in our sustainability targets.” Consolidated net sales improved 6 percent to P20.9 billion last year due to higher volumes. Sales were flat year-over-year in the fourth quarter, at about P4.6 billion, due primarily to Typhoon Odette which disrupted APO Cement’s operations in the central part of the country in December.

CX earnings call for the period ending December 31, 2021.

CX earnings call for the period ending December 31, 2021.

Cemex''s net profit nearly tripled on lower costs and taxesin the fourth quarter, the Mexican cement maker said on Thursday, as it announced plans to raise prices in line with inflation in 2022.

Cemex SAB de CV (CX) CEO Fernando Gonzalez on Q4 2021 Results - Earnings Call Transcript

Cemex SAB De CV (NYSE: CX ) reported fourth-quarter sales growth of 3% year-over-year (+5% on a like-to-like basis) to $3.62 billion, missing the consensus of $3.73 billion. Sales across markets: Mexico $841 million (+1% Y/Y), U.S. $1.09 billion (+8% Y/Y), EMEA $1.19 billion (+1% Y/Y), and South, Central America and the Caribbean $391 million (+2% Y/Y). Cement volume decreased Full story available on Benzinga.com

© Reuters. FILE PHOTO A worker walks past outside the main entrance from a concrete plant of Mexican cement maker CEMEX, in Monterrey, Mexico June 8, 2021. Picture taken June 8, 2021. REUTERS/Daniel Becerril (Reuters) Mexican cement producer Cemexs fourth-quarter net profit rose about 179% to $195 million due to lower financial expenses,