Cemex Reports Strong Q2 Results with Raised Guidance
Cemex reported strong second-quarter results for 2026, posting consolidated EBITDA above $1 billion and raising its full-year guidance to a growth range of 16% to 17%. Excluding a one-time European settlement worth $42 million, the company saw significant increases in sales, EBITDA, and earnings before interest (EBIT). Free cash flow from operations reached a record high for the quarter at $651 million. Management attributed much of this performance to its ongoing transformation program, Project Cutting Edge. Project Cutting Edge has driven overhead reductions, operational efficiencies, and improved free cash flow conversion, particularly in the U.S., where most incremental savings are expected by 2027. The company raised its total projected savings under the initiative from $400 million to $475 million. Cemex also highlighted improvements across regions: Mexico led with volume growth and pricing gains; the U.S. remained resilient despite weather challenges, while EMEA lagged due to lower volumes. Cemex improved its balance sheet through debt refinancing efforts that extended liquidity and reduced interest expenses for 2026. CEO Jaime Muguiro emphasized clear progress in margins, cash generation, and operational transformation during the earnings call.
Tickers: $CX
Topics: cement industry construction cost savings ebitda growth