Cemex Q3 revenue increases 8% to $4.59 billion

• Cemex reported third-quarter 2026 revenue of $4.59 billion, up 8% year over year, exceeding analysts' consensus estimate of $4.45 billion, while adjusted earnings of $0.28 per ADS beat expectations of $0.24.
• Operating EBITDA increased 12% to $990 million, with margin expanding to 21.6%, while controlling interest net income surged 55% to $407 million.
• Record third-quarter free cash flow from operations reached $723 million, up 34%, supported by stronger performance in Mexico and cost-efficiency improvements under Project Cutting Edge.

Cemex (NYSE:CX) reported third-quarter 2026 revenue of $4.59 billion, an increase of 8% from $4.25 billion a year earlier, surpassing Wall Street's consensus estimate of $4.45 billion.

Adjusted earnings reached $0.28 per American Depositary Share, exceeding analysts' expectations of $0.24, while controlling interest net income increased 55% year over year to $407 million.

The company attributed its improved profitability to higher selling prices, lower cement energy costs and efficiency gains under its Project Cutting Edge initiative.

Operating EBITDA increased 12% to $990 million, marking the fifth consecutive quarter of double-digit growth, while the operating EBITDA margin expanded 80 basis points to 21.6%.

Cemex shares gained approximately 2.84% in premarket trading following the results, as investors responded to stronger-than-expected earnings and revenue.

Meanwhile, Mexico's operating EBITDA jumped 30% to $480 million, supported by 7% cement volume growth, while U.S. operating EBITDA declined 4% to $259 million despite a 4% increase in cement and aggregates volumes, and EMEA operating EBITDA rose 4% to $257 million.

Free cash flow from operations increased 34% to a third-quarter record of $723 million, while net debt decreased to $5.42 billion from $5.59 billion a year earlier, reflecting improved cash generation and financial performance.