Cemex SAB (CX)
NYSE:CX
Earnings Data
Report Date
Apr 23, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.12Last Year’s EPS
0.5Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasizes substantial operational improvements, strong free cash flow generation, meaningful cost savings from Project Cutting Edge, decarbonization progress and a shareholder-return focus (dividend increase and buyback intent). These positives are tempered by a large impairment charge, leverage above the steady-state target, regional demand softness (notably U.S. cement and early 2025 Mexico headwinds), and expected electricity cost pressure in 2026. Management provided constructive 2026 guidance (high-single-digit EBITDA growth) with identified upside levers (FX, additional savings, completed growth projects) but highlighted remaining execution and external risks.Company Guidance
Project Cutting Edge Delivered Material Savings
Realized $200 million of recurring EBITDA savings in 2025; expanded target to $400 million by 2027. Company expects ~$165 million of incremental savings in 2026 (including ~$125 million related to overhead actions already taken in 2025).
Strong Free Cash Flow Generation and Improved Conversion
Adjusted free cash flow from operations reached $1.4 billion in 2025 with a 46% conversion rate after one-offs; reported free cash flow from operations was $1.2 billion (up 15% vs. 2024). Total adjusted free cash flow increased by more than $550 million vs prior year.
Sales, EBITDA and Margin Recovery
Fourth quarter sales and EBITDA increased by a double-digit rate; quarter EBITDA grew ~20% like-for-like with margin expansion of ~5 percentage points. Second half 2025 saw a 17% increase in EBITDA and a 25% jump in EBIT versus first half.
Strong U.S. Aggregates Performance and Strategic M&A
U.S. aggregates volumes grew double-digits (10% cited) in 2025, driven by investments and the Couch Aggregates consolidation. Aggregates contributed ~39% of U.S. EBITDA, nearly matching cement contribution.
Improved Cost Metrics and Energy Efficiency
Energy costs per ton of cement declined 12% in 2025 driven by lower fuel/power prices, improved clinker factor and thermal efficiency. In Q4, cost of goods sold as a % of sales fell ~44 basis points YoY and operating expenses as a % of sales fell ~62 basis points YoY.
Decarbonization Progress
Consolidated gross CO2 emissions declined 2% in 2025. Europe reached Cement Europe Association's 2030 gross CO2 emissions target five years early; Europe reported 507 kg CO2/ton cement equivalent in 2025, a 19% reduction vs 2020.
Portfolio Rebalancing and Cash Returns
Divested most operations in Panama and completed other portfolio actions; Board proposed a ~$180 million annual cash dividend (≈40% increase YoY) and plans to activate buybacks of up to $500 million over the next 3 years (subject to approvals).
2026 Guidance and Outlook
Guidance to high-single-digit EBITDA growth for 2026, expecting additional operating leverage, ~$165 million incremental Project Cutting Edge savings, and ~$80 million incremental EBITDA from completed growth projects (half relies on volume recovery).
CX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 05, 2026 | $12.07 | $11.93 | -1.23% |
Oct 28, 2025 | $9.32 | $10.25 | +9.93% |
Jul 24, 2025 | $7.92 | $8.20 | +3.51% |
Apr 28, 2025 | $5.86 | $6.13 | +4.55% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Cemex SAB (CX) report earnings?
Cemex SAB (CX) is schdueled to report earning on Apr 23, 2026, TBA (Confirmed).
What is Cemex SAB (CX) earnings time?
Cemex SAB (CX) earnings time is at Apr 23, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CX EPS forecast?
CX EPS forecast for the fiscal quarter 2026 (Q1) is 0.12.