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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

CEMEX Reports Fourth-Quarter And Full-Year 2013 Results

CEMEX, S.A.B. de C.V. ("CEMEX") (NYSE:CX), announced today that consolidated net sales increased by 4% during the fourth quarter of 2013 to approximately U.S.$3.9 billion and increased by 2% for the full year to U.S.$15.2 billion versus the comparable periods in 2012. Operating EBITDA increased by 4% during the fourth quarter of 2013 to U.S.$642 million and increased 1% for the full year to U.S.$2.6 billion versus 2012. On a like-to-like basis for the ongoing operations, adjusting for currency fluctuations and also for the extraordinary favorable effect in 2012 resulting from the change of a pension plan in our Northern Europe region, full year 2013 operating EBITDA increased by 4% versus 2012.

CEMEX’s Consolidated Fourth-Quarter and Full-Year 2013 Financial and Operational Highlights

  • The increase in consolidated net sales was due to higher volumes in the U.S., and in our Mediterranean, Northern Europe, Asia and South, Central America and the Caribbean regions, as well as higher prices of our products in local currency terms in most of our regions.
  • Operating earnings before other expenses, net, in the fourth quarter increased by 30%, to U.S.$359 million and increased 17%, to U.S.$1.5 billion, for the full-year 2013.
  • Reporting a narrower controlling interest net loss of U.S.$255 million during the fourth quarter of 2013 from a loss of U.S.$494 million in the same period last year. For the full-year 2013 controlling interest net loss improved to U.S.$843 million from a loss of U.S.$913 million in 2012.
  • Operating EBITDA during the quarter increased by 4% to U.S.$642 million. For the full year 2013 operating EBITDA increased by 1% to U.S.$2.6 billion versus 2012. On a like-to-like basis and also adjusting for the pension plan effect, full-year 2013 operating EBITDA increased by 4%.
  • Operating EBITDA margin remained flat during the quarter, on a year-over-year basis, reaching 16.6%. For the full year operating EBITDA margin decreased by 0.1 percentage points to 17.4% versus 2012. Adjusting for the pension plan effect, operating EBITDA margin during 2013 increased by 0.3 percentage points versus 2012.
  • Free cash flow after maintenance capital expenditures for the quarter was U.S.$216 million, compared with U.S.$228 million in the same quarter of 2012.

Fernando A. González, Executive Vice President of Finance and Administration, said, “During 2013 we continued to deliver. This is our third consecutive year of EBITDA growth, driven by improvement in pricing and volume in most of our regions, the favorable operating leverage effect in the U.S., as well as our continued initiatives to improve our operating efficiency.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!
DOW 16,912.11 -70.48 -0.42%
S&P 500 1,969.95 -8.96 -0.45%
NASDAQ 4,442.6980 -2.2110 -0.05%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs