Improving construction activity has helped Cemex address its very high leverage.
Cemex’s third quarter continued its streak of success, again achieving the highest operating EBITDA since the recession. On a like-for-like basis, total operating EBITDA increased 22% to $780 million. In particular, Cemex’s Mexico segment has shown impressive performance, with cement volume and local prices growing 10% and 17% over the prior year's quarter. While unfavorable weather led to a 2% decline in cement volume in the U.S., prices still rose 4% over the prior year's quarter. Along with t...
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