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Members from Cemex USA’s management team, along with other global executives, were in Atlanta for a session of IGNITE 2018: Spark Innovation, an initiative to develop leaders who embrace new ways of thinking, learning and working, while helping them achieve greater success as industry evolves with...
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Cemex Reports Third-Quarter 2013 Results

Cemex, S.A.B. de C.V. announced that consolidated net sales reached $4.0 billion during the third quarter of 2013, an increase of 3 percent versus the comparable period in 2012. Operating EBITDA increased by 2 percent during the quarter to $747 million versus the same period in 2012.

Fernando A. González, executive vice president of finance and administration, said: “We are pleased to report continued growth in operating EBITDA on a year-over-year basis supported by the increase in our volumes in most of our regions and an increase in our consolidated prices in local-currency terms for our three main products on a year-over-year basis. We continue to be focused on our company-wide efforts to improve our operating efficiencies and the value we generate from our asset base while delivering better value to our customers.”

Net sales in operations in Mexico decreased 11 percent in the third quarter of 2013 to $776 million, compared with $875 million in the third quarter of 2012. Operating EBITDA decreased by 21 percent to $248 million versus the same period of last year.

The company’s operations in the United States reported net sales of $891 million in the third quarter of 2013, up 8 percent from the same period in 2012. Operating EBITDA increased to $78 million in the quarter, versus a gain of $27 million in the same quarter the previous year.

Cemex’s operations in South America, Central America and the Caribbean reported net sales of $596 million during the third quarter of 2013, representing an increase of 15 percent over the same period of 2012. Operating EBITDA increased 19 percent to $210 million in the third quarter of 2013, from $177 million in the third quarter of 2012.

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