This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

CEMEX Reports Second-Quarter 2013 Results

Consolidated Corporate Results

During the second quarter of 2013, controlling interest net income was a loss of US$152 million, an improvement over a loss of US$187 million during the same period last year.

Total debt plus perpetual notes decreased by US$51 million during the quarter.

Geographical Markets Second-Quarter 2013 Highlights

Net sales in our operations in Mexico increased 2% in the second quarter of 2013 to US$847 million, compared with US$833 million in the second quarter of 2012. Operating EBITDA decreased 17% to US$250 million versus the same period of last year.

CEMEX’s operations in the United States reported net sales of US$868 million in the second quarter of 2013, up 9% from the same period in 2012. Operating EBITDA increased to US$80 million in the quarter, versus US$27 million in the same quarter of 2012.

In Northern Europe, net sales for the second quarter of 2013 decreased 1% to US$1,088 million, compared with US$1,100 million in the second quarter of 2012. Operating EBITDA was US$108 million for the quarter, 11% lower than the same period last year.

Second-quarter net sales in the Mediterranean region were US$400 million, 4% higher compared with US$384 million during the second quarter of 2012. Operating EBITDA decreased 2% to US$94 million for the quarter versus the comparable period in 2012.

CEMEX’s operations in South, Central America and the Caribbean reported net sales of US$561 million during the second quarter of 2013, representing an increase of 6% over the same period of 2012. Operating EBITDA increased 12% to US$211 million in the second quarter of 2013, from US$189 million in the second quarter of 2012.

Operations in Asia reported a 14% increase in net sales for the second quarter of 2013, to US$162 million, versus the second quarter of 2012, and operating EBITDA for the quarter was US$38 million, up 29% from the same period last year.

CEMEX is a global building materials company that provides high-quality products and reliable services to customers and communities in more than 50 countries. CEMEX has a rich history of improving the well-being of those it serves through innovative building solutions, efficiency advancements, and efforts to promote a sustainable future.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs