Lingering Headwinds and Political Uncertainty in Mexico Create Buying Opportunity in Cemex Shares
Cemex’s first-quarter financial results were weighed by tough prior-year comparisons, inventory destocking, and higher energy costs. Even though year-over-year revenue rose 2% on a like-for-like basis, operating EBITDA fell 6% on a like-for-like basis. However, the quarter’s financial results hide strong operational results, even as weather and timing of construction projects weighed on deliveries. Moreover, the company continues to raise prices in many of its markets. When removing the effects ...
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