Cemex Clocks 8% Top-Line Growth In Q4

by Shivani Kumaresan, Benzinga Staff Writer

February 13, 2023 9:27 AM | 1 min read | Make a Comment

Cemex SAB de CV CX reported fourth-quarter FY22 sales growth of 8% year-on-year, to $3.87 billion, missing the consensus of $3.89 billion.
Gross profit for the quarter rose 12% to $1.2 billion, and the gross margin expanded 100 basis points to 31.2%.
Operating margin was 9.3%, an 80 basis points decrease, and operating income for the quarter remained flat at $361 million.
Operating EBITDA in Q4 decreased 2% to $630 million, and the EBITDA margin contracted 170 basis points to 16.3%.
The company held $494.9 million in cash and equivalents as of Dec. 31, 2022.
Net debt at the end of Q4 totaled $7.6 billion.
Price Action: CX shares are trading lower by 2.31% at $5.08 in premarket on the last check Monday.

Posted In: Earnings News General Briefs

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