Cemex release second quarter 2026 financial results

Cemex announce its results for the second quarter of 2026, with strong growth across all metrics, driven by the progress made towards its transformation goals. EBITDA reached a record US$1 billion, increasing 24% year-over-year driven by Project Cutting Edge efficiencies and organic growth in most regions. EBITDA margin expanded by 2.1 percentage points to 22.2% and Free Cash Flow from Operations tripled year-over-year, reaching US$637 million. EBIT, a key transformation metric, grew 38%, underscoring higher earnings quality.

Cemex also raised its full-year EBITDA guidance from high single digit growth to 16% to 17% year-over-year growth1, based on first-half performance, outlook for the second half and continued contributions from Project Cutting Edge. “Our strong second quarter results show that our transformation is delivering and gaining momentum,” said Jaime Muguiro, CEO of Cemex. “The improvement we are seeing across our key performance indicators is ahead of our expectations and reflects the discipline, execution and cultural change embraced by our teams across the company.”

The successful execution of Project Cutting Edge savings plan has been a key driver of Cemex’s performance, with 80% of the original US$400 million savings target already achieved as of the second quarter. Cemex has now increased its recurring savings target to US$475 million, with the majority of the new savings expected to be realised in 2027. Most of these savings are expected to come from procurement, as Cemex fundamentally transforms its approach to third-party spending.

Regional performance underscored the resilience of Cemex’s diversified footprint, with three of four regions delivering EBITDA growth. Mexico continued to outperform expectations, driven by cost efficiencies, improving demand, and operating leverage. Despite challenging weather conditions in the US, demand remained broadly stable. In EMEA, EBITDA expanded 9%, excluding the favorable one-off claim, supported by operational excellence and pricing. In South, Central America, and the Caribbean, EBITDA grew 34%, reflecting strong cost discipline.

Read the article online at: https://www.worldcement.com/the-americas/24072026/cemex-release-second-quarter-2026-financial-results/