CEMEX reported operating earnings of $443 million for the fourth quarter, a 31% increase from the year-ago quarter. Revenue fell 1.8% year over year to $3.8 billion for the quarter, compared to analysts' estimates of $3.93 billion for the quarter.
"During 2014, we reported a narrower controlling interest net loss for the third consecutive year and 40% lower than in 2013," CEO Fernando A. Gonzalez said. "Our operating EBITDA on a like-to-like basis grew by 16% during the fourth quarter of 2014 and by 6% for the full year 2014 versus the comparable periods in 2013."
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Gonzalez continued, "We are pleased with the growth in volumes and local-currency prices for our products in most of our regions, reflecting the continued positive outcome of our value-before-volume strategy."
TheStreet Ratings team rates CEMEX SAB DE CV as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate CEMEX SAB DE CV (CX) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, notable return on equity and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins."
You can view the full analysis from the report here: CX Ratings Report