On Wednesday, Shares of CEMEX (NYSE: CX) showed the bearish trend with a lower momentum of -2.83% to $4.80. The company traded total volume of 3,606,545 shares as contrast to its average volume of 7.93M shares. The company has a market value of $7.36B and about 1.49B shares outstanding.
CEMEX, S.A.B. de C.V. (CX), declared recently that, on a like-to-like basis for the ongoing operations and adjusting for currency fluctuations, consolidated net sales increased by 4% during the fourth quarter of 2018 to US$3.5B, and increased 6% for the full year 2018 to US$14.4B as compared to the comparable periods in 2017. Operating EBITDA, also on a like-to-like basis, remained flat during the fourth quarter of 2018 at US$604.0M and increased by 1% for the full year to US$2.6B as compared to 2017.
CEMEX’s consolidated Fourth-Quarter 2018 Financial and Operational Highlights:
- Operating earnings before other expenses, net, in the fourth quarter remained flat at US$396.0M and increased by 2%, to US$1.7B, for the full year 2018, both on a like-to-like basis.
- Controlling interest net loss during the quarter was US$37.0M, contrast with a loss of US$105.0M in the same period of 2017. Controlling interest net income for the full year declined to US$543.0M from US$806.0M in 2017.
- Operating EBITDA on a like-to-like basis remained flat during the quarter at US$604.0M and increased by 1% for the full year to US$2.6B contrast with the same periods in 2017.
Consolidated Corporate Results:
During the fourth quarter of 2018, controlling interest net loss was US$37.0M, as compared to a loss of US$105.0M in the same period last year. Controlling interest net income for the full year was US$543.0M, a decline from an income of US$806.0M in 2017.
Total debt plus perpetual notes reduced by US$239.0M during the quarter. During 2018, total debt plus perpetual notes was reduced by about US$952.0M, which represents an 8% reduction from the debt level as of the end of 2017, and a 40% reduction contrast to the end of 2013.
The Company offered net profit margin of 4.00% while its gross profit margin was 33.90%. ROE was recorded as 6.10% while beta factor was 1.58. The stock, as of recent close, has shown the weekly upbeat performance of 2.92% which was maintained at 2.49% in this year.
