Cemex Sees Strong Demand but Rising Energy Costs in 3Q; Shares Undervalued
Cemex continued its strong performance in 2018 during the third quarter, with volumes for cement, ready-mix, and aggregates growing 4% to 5% over the prior-year quarter, driven primarily in the company’s two most important markets, Mexico and the U.S. The company generally pushed low-single-digit price increases throughout most of its footprint and across all three products. As a result of higher volumes and better prices, like-for-like sales rose 8% over the prior-year quarter to $3.7 billion. ...
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