CEMEX, S.A.B. de C.V. (CX) Misses Q2 EPS by 5c, reaffirms outlook

CEMEX, S.A.B. de C.V. (NYSE: CX) reported Q2 EPS of $0.17, $0.05 worse than the analyst estimate of $0.22. Revenue for the quarter came in at $4.49 billion versus the consensus estimate of $4.7 billion.

2024 Outlook:
EBITDA: Low to single digit % increase.
Energy cost/ ton of cement produced: high-single digit decline.
Capital expenditure: $1.06 billion total. ($1.0 billion in maintenance and $0.6 billion strategic)
Investment in working capital: Reduction of -$300 million
Cost of debt: Flat

For earnings history and earnings-related data on CEMEX, S.A.B. de C.V. (CX) click here.

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