By Anthony Harrup
MEXICO CITY--Mexico's Cemex posted higher sales and operating gains in the third quarter, while net profit fell from a year earlier when results were boosted by asset sales.
The Monterrey, Mexico-based building materials company made a profit of $264 million or 16 cents an American depositary share for the July-September period, down from $406 million in the year-earlier quarter. Adjusted for the effect of assets sales last year, profit rose 8%.
Sales were up 5% from the year-earlier quarter at $4.25 billion, with growth in Central and South America and the Caribbean, Europe, the Middle East and Africa. Sales were lower in Mexico and the U.S., but trends in those markets improved, Cemex said.
Cement sales by volume were flat at 11.1 million metric tons. Ready mix concrete volume slipped 1% to 11.2 cubic meters and aggregates volume was down 1% at 35.1 million metric tons.
Earnings before interest, taxes, depreciation and amortization rose 19% to $882 million with increases in all regions, supported by operating efficiencies and higher prices. Cemex said its cost efficiency program generated Ebitda savings of $90 million in the quarter, and that it expects to meet its $200 million savings target for the full year.
The company kept its 2025 Ebitda growth estimate flat "with potential upside."
Write to Anthony Harrup at anthony.harrup@wsj.com
(END) Dow Jones Newswires
October 28, 2025 08:38 ET (12:38 GMT)
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