Cemex SAB de CV
NYSE:CX
Cemex SAB de CV
Cemex SAB de CV, headquartered in Monterrey, Mexico, stands as one of the world's top producers and suppliers of cement and ready-mix concrete. The company's journey began in 1906, at a time when industrialization was spreading rapidly. Since then, Cemex has woven itself into the fabric of global infrastructure development. The company operates a vast network of production plants, distribution centers, and marine terminals across more than 50 countries. Cemex’s operations are meticulously structured to ensure that it can meet local demands while maintaining a level of flexibility that allows it to pivot with global market shifts. Its vertically integrated approach, from the extraction of raw materials to the manufacturing and distribution of its products, positions Cemex to effectively control quality and costs, which is central to its business success.
Cemex generates revenue primarily through the sale of cement, concrete, and aggregates, serving construction needs ranging from small-scale residential projects to monumental infrastructure developments. The company's strength lies in its commitment to innovation and sustainability. Cemex has invested heavily in developing eco-friendly initiatives, reducing carbon emissions, and adopting alternative fuels and energy-efficient technologies. This commitment not only aligns with increasing environmental regulations worldwide but also appeals to a client base that is increasingly conscious of sustainability. Moreover, by partnering with local builders and leveraging its extensive logistics network, Cemex reduces delivery times and costs, thus enhancing customer satisfaction and securing a competitive edge in the vast construction industry. Through these strategic endeavors, Cemex continues to build not just physical structures but also robust, enduring relationships with clients and communities around the globe.
Cemex SAB de CV, headquartered in Monterrey, Mexico, stands as one of the world's top producers and suppliers of cement and ready-mix concrete. The company's journey began in 1906, at a time when industrialization was spreading rapidly. Since then, Cemex has woven itself into the fabric of global infrastructure development. The company operates a vast network of production plants, distribution centers, and marine terminals across more than 50 countries. Cemex’s operations are meticulously structured to ensure that it can meet local demands while maintaining a level of flexibility that allows it to pivot with global market shifts. Its vertically integrated approach, from the extraction of raw materials to the manufacturing and distribution of its products, positions Cemex to effectively control quality and costs, which is central to its business success.
Cemex generates revenue primarily through the sale of cement, concrete, and aggregates, serving construction needs ranging from small-scale residential projects to monumental infrastructure developments. The company's strength lies in its commitment to innovation and sustainability. Cemex has invested heavily in developing eco-friendly initiatives, reducing carbon emissions, and adopting alternative fuels and energy-efficient technologies. This commitment not only aligns with increasing environmental regulations worldwide but also appeals to a client base that is increasingly conscious of sustainability. Moreover, by partnering with local builders and leveraging its extensive logistics network, Cemex reduces delivery times and costs, thus enhancing customer satisfaction and securing a competitive edge in the vast construction industry. Through these strategic endeavors, Cemex continues to build not just physical structures but also robust, enduring relationships with clients and communities around the globe.
Transformation Progress: CEMEX delivered on its $200 million 2025 cost savings target under Project Cutting Edge, driving improved margins in all markets and setting the stage for further savings in 2026.
Strong Free Cash Flow: Free cash flow from operations reached $1.4 billion after adjustments, marking a 50% increase and a 46% EBITDA-to-cash conversion rate.
Dividend & Buyback: The board will propose an annual cash dividend nearly 40% higher than last year and plans to activate a share buyback of up to $500 million over three years.
2026 Outlook: Management expects high single-digit EBITDA growth, supported by incremental $165 million cost savings, improved demand, and disciplined capital allocation.
Regional Performance: Mexico and EMEA regions showed strong second-half rebounds; the US posted record Q4 EBITDA, with aggregates now representing 39% of US EBITDA.
Pricing & Demand: Low single-digit price increases were achieved in most markets in 2025; further price hikes announced for 2026 to recover input cost inflation.
Decarbonization Lead: CEMEX’s European operations achieved the region’s 2030 emissions target five years early, with a 19% CO2 reduction versus 2020.
