CEMEX, S.A.B. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, clinker, and other construction materials worldwide. The company also offers various complementary construction products, including asphalt products; concrete blocks; roof tiles; architectural products; concrete pipes for storm and sanitary sewers applications; and other precast products, such as rail products, concrete floors, box culverts, bridges, drainage basins, barriers, and parking curbs. In addition, it provides building solutions for housing projects, pavement projects, and green building consultancy services; cement trade maritime services; and information technology solutions. The company operates approximately 2,000 retail stores in approximately 600 cities. CEMEX, S.A.B. de C.V. was founded in 1906 and is headquartered in San Pedro Garza GarcÃa, Mexico.
IPO Year:
Exchange: NYSE
Website: cemex.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/26/2025 | Overweight → Equal-Weight | Morgan Stanley | |
| 12/11/2024 | $6.00 → $5.00 | Sector Perform → Underperform | RBC Capital Mkts |
| 10/29/2024 | $7.00 → $6.00 | Overweight → Neutral | JP Morgan |
| 10/8/2024 | $9.00 → $6.50 | Underperform → Sector Perform | RBC Capital Mkts |
| 8/21/2024 | $8.00 | Overweight | JP Morgan |
| 7/31/2024 | $9.00 | Equal Weight → Overweight | Barclays |
| 7/10/2024 | $9.00 | Buy | Goldman |
| 5/14/2024 | $9.00 | Underperform | RBC Capital Mkts |
| 4/24/2024 | $9.00 | Buy → Neutral | BofA Securities |
| 2/9/2024 | $9.00 | Overweight → Equal Weight | Barclays |
Morgan Stanley downgraded CEMEX S.A. from Overweight to Equal-Weight
RBC Capital Mkts downgraded CEMEX S.A. from Sector Perform to Underperform and set a new price target of $5.00 from $6.00 previously
JP Morgan downgraded CEMEX S.A. from Overweight to Neutral and set a new price target of $6.00 from $7.00 previously
RBC Capital Mkts upgraded CEMEX S.A. from Underperform to Sector Perform and set a new price target of $6.50 from $9.00 previously
JP Morgan resumed coverage of CEMEX S.A. with a rating of Overweight and set a new price target of $8.00
Barclays upgraded CEMEX S.A. from Equal Weight to Overweight and set a new price target of $9.00
Goldman resumed coverage of CEMEX S.A. with a rating of Buy and set a new price target of $9.00
RBC Capital Mkts initiated coverage of CEMEX S.A. with a rating of Underperform and set a new price target of $9.00
BofA Securities downgraded CEMEX S.A. from Buy to Neutral and set a new price target of $9.00
Barclays downgraded CEMEX S.A. from Overweight to Equal Weight and set a new price target of $9.00
Jaime Muguiro began his career at Cemex in 1996 and has held senior leadership positions at the company in several regions, most recently in the United States. Cemex's growth strategy continues to be focused on growth in the United States through small to medium size bolt-on acquisitions. Cemex is committed to maximizing shareholder return and providing value-added solutions for its customer's building needs. Today, Jaime Muguiro begins his tenure as CEO of Cemex after being appointed to the position by the company's Board of Directors on February 10. This appointment is part of a planned leadership transition following former CEO Fernando A. Gonzalez's decision to retire after a suc
Following today's announcement of the retirement of Fernando Gonzalez as CEO of Cemex, and the appointment of Jaime Muguiro as new CEO effective April 1st 2025, Cemex announces the following changes to its senior-level organization. Jesus Gonzalez, current President of Cemex South, Central America, and the Caribbean, has been appointed President of Cemex USA. Sergio Menendez, current President of Cemex Europe, Middle East, and Africa, has been appointed President of Cemex Mexico. Jose Antonio Cabrera, former President of Cemex Dominican Republic and Puerto Rico, has been appointed President of Cemex Europe, Middle East, and Africa. Alejandro Ramirez, current President of Cemex C
CEO Fernando A. González has decided to retire after a successful career of over 35 years at Cemex Jaime Muguiro, current President of Cemex USA, has been appointed as new CEO Changes to become effective April 1, 2025 Cemex announced today that its CEO, Fernando A. González, has decided to retire after a successful career of over 35 years in the company. The Cemex Board of Directors has appointed Jaime Muguiro as new CEO; these changes will become effective April 1, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250210684088/en/Jaime Muguiro (Photo: Business Wire) "I want to thank Fernando for his immense contrib
This acquisition by NEORIS is poised to foster its expansion plans in the United States. Acquisition aligns with the company's strategy, aiming to establish broader and more global consulting capabilities to support clients in their digital transformation journey. ForeFront is a top Summit partner with multi-cloud integration expertise in Salesforce ecosystem. NEORIS, a global leader in digital acceleration, today announced that it has completed the acquisition of ForeFront, one of Salesforce's top partners and a globally recognized innovator in Cloud consulting and implementation services. ForeFront is to join NEORIS as a wholly-owned U.S.-based subsidiary and looking to accelera
Jaime Muguiro began his career at Cemex in 1996 and has held senior leadership positions at the company in several regions, most recently in the United States. Cemex's growth strategy continues to be focused on growth in the United States through small to medium size bolt-on acquisitions. Cemex is committed to maximizing shareholder return and providing value-added solutions for its customer's building needs. Today, Jaime Muguiro begins his tenure as CEO of Cemex after being appointed to the position by the company's Board of Directors on February 10. This appointment is part of a planned leadership transition following former CEO Fernando A. Gonzalez's decision to retire after a suc
Cemex presented its 2024 Integrated Report, titled Our Future in Action: Accelerating a Sustainable World, showcasing its operational and strategic performance in 2024. The year 2024 was marked by solid financial results, the recovery of Cemex's investment-grade rating, and progress in its decarbonization agenda in alignment with Cemex's 2030 targets. In 2024, Cemex achieved the second-strongest sales and Operating EBITDA in its recent history, alongside the highest free cash flow after maintenance capital expenditures since 2017. The company also made significant progress on its decarbonization targets through its Future in Action program, continuing to lead the industry in profitable dec
Cemex received today the 2025 World's Most Ethical Companies® recognition from Ethisphere, a global leader in defining and advancing the standards of ethical business practices. As one of the World's Most Ethical Companies honorees, Cemex has been distinguished for exemplary business integrity, ethics, compliance, and governance standards. Cemex activities are guided by the principles embodied in its ‘Code of Ethics and Business Conduct' which serves as a guideline for establishing the highest standards of behavior within and outside the organization, as well as in interactions with its stakeholders. The list recognizes 136 companies across 19 countries and 44 industries this year. "We ar
Cemex celebrates the 25th anniversary of its El Carmen Nature Reserve on World Wildlife Day, reaffirming its commitment to scientific research, habitat and species conservation and restoration. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250303281696/en/Cemex recently launched a rewilding project at El Carmen that successfully reintroduced the American bison, with 117 now residing in the reserve. Photo credit: Melissa Groo Spanning 130,000 hectares—an area similar in size to Los Angeles—this nature reserve between Mexico and the United States is one of North America's most biodiverse areas and one of the world's greatest wild
Following today's announcement of the retirement of Fernando Gonzalez as CEO of Cemex, and the appointment of Jaime Muguiro as new CEO effective April 1st 2025, Cemex announces the following changes to its senior-level organization. Jesus Gonzalez, current President of Cemex South, Central America, and the Caribbean, has been appointed President of Cemex USA. Sergio Menendez, current President of Cemex Europe, Middle East, and Africa, has been appointed President of Cemex Mexico. Jose Antonio Cabrera, former President of Cemex Dominican Republic and Puerto Rico, has been appointed President of Cemex Europe, Middle East, and Africa. Alejandro Ramirez, current President of Cemex C
CEO Fernando A. González has decided to retire after a successful career of over 35 years at Cemex Jaime Muguiro, current President of Cemex USA, has been appointed as new CEO Changes to become effective April 1, 2025 Cemex announced today that its CEO, Fernando A. González, has decided to retire after a successful career of over 35 years in the company. The Cemex Board of Directors has appointed Jaime Muguiro as new CEO; these changes will become effective April 1, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250210684088/en/Jaime Muguiro (Photo: Business Wire) "I want to thank Fernando for his immense contrib
Award recognizes Cemex's efforts to develop breakthrough decarbonization technologies for the cement industry. Cemex uses concentrated solar power to produce clinker, the main component of cement. Cemex was awarded the Net-Zero Industries Award by Mission Innovation at a ceremony during COP29 in Baku, Azerbaijan for its revolutionary clinker decarbonization process using concentrated solar power. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241120978042/en/ The Net-Zero Industries Award recognizes and celebrates outstanding innovations in industrial decarbonization; it spotlights the people and projects revolutionizing
A consortium comprised of Cemex and Linde, a leading global industrial gases and engineering company, has been selected to receive €157 million in funding from the EU Innovation Fund for a pioneering CO2 capture project at Cemex's Rüdersdorf Cement Plant in Germany. The project, Cemex's largest planned Carbon Capture Use and Storage (CCUS) project to date, aims to capture 1.3 million metric tons of CO2 per year from Rüdersdorf's cement production, ultimately decarbonizing the site by 2030. "Our Future in Action climate action strategy is working hard to drive several revolutionary CCUS projects across our global operations," said Sergio Menéndez, President of Cemex Europe, Middle East, Af
Cemex was recognized for its innovative VeryNile initiative in Egypt and placed in the 24th position out of 52 ranked companies. Cemex announced today that it has been included in Fortune's 2024 Change the World list. The list, selected by Fortune reporters and editors from a list of about 250 companies, showcases businesses that are having a positive social impact through activities that are part of their core business strategy. Cemex is receiving this distinction for the fourth time. Fortune recognized Cemex's work with VeryNile in cleaning the Nile River and developing a more sustainable solution for the collected waste. VeryNile is an initiative supported by the Ministry of the Envi
Cemex announced today that it has acquired a majority stake in RC-Baustoffe Berlin GmbH & Co. KG, a recycling company and part of the Heim Group, as part of its ongoing efforts to grow its circularity business. The Berlin-based company processes mineral construction, demolition, and excavation materials (CDEM). This acquisition will integrate with Regenera, Cemex's business that provides circularity solutions to extend the life cycle of construction products and materials through reuse in value-added products. The acquired recycling facility can process up to 400,000 tons of material per year, which Regenera will turn into repurposed aggregates for concrete production, reintroducing them
SC 13G/A - CEMEX SAB DE CV (0001076378) (Subject)
SC 13G/A - CEMEX SAB DE CV (0001076378) (Subject)
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6-K - CEMEX SAB DE CV (0001076378) (Filer)
6-K - CEMEX SAB DE CV (0001076378) (Filer)
6-K - CEMEX SAB DE CV (0001076378) (Filer)
6-K - CEMEX SAB DE CV (0001076378) (Filer)
6-K - CEMEX SAB DE CV (0001076378) (Filer)
6-K - CEMEX SAB DE CV (0001076378) (Filer)
6-K - CEMEX SAB DE CV (0001076378) (Filer)
Cemex presented its 2024 Integrated Report, titled Our Future in Action: Accelerating a Sustainable World, showcasing its operational and strategic performance in 2024. The year 2024 was marked by solid financial results, the recovery of Cemex's investment-grade rating, and progress in its decarbonization agenda in alignment with Cemex's 2030 targets. In 2024, Cemex achieved the second-strongest sales and Operating EBITDA in its recent history, alongside the highest free cash flow after maintenance capital expenditures since 2017. The company also made significant progress on its decarbonization targets through its Future in Action program, continuing to lead the industry in profitable dec
BIRMINGHAM, Ala., March 21, 2023 /PRNewswire/ -- Vulcan Materials Company (NYSE:VMC), the nation's largest producer of construction aggregates, today issued the following statement: On Tuesday, March 14, 2023, CEMEX (NYSE:CX), aided by armed Mexican police and military, forcibly entered Vulcan's port facilities near Playa del Carmen. They are still occupying the property. There is no contract permitting CEMEX's use of Vulcan's port facilities. Although the companies had an agreement for CEMEX to lease a portion of Vulcan's property, that agreement expired on December 31, 2022, without any renewal. Prior to the expiration, CEMEX was formally made aware that negotiation of a new contract would
First quarter 2022 revenue of $42.9 million, driven by the $50.0 million licensing and royalty agreement with Atlas Renewable. GAAP operating income of $20.8 million. GAAP net loss of $20.1 million impacted by one-time IPO transaction costs of $20.6 million and a non-cash charge of $20.2 million for the change in fair value of our warrant liability due to the increase in stock price during the quarter. Adjusted EBITDA of $31.2 million. Began construction of the first Chinese deployment of a 100 MWh EVx™ gravity-based storage system in partnership with Atlas Renewable and China Tianying, which also invested $50.0 million into the private placement investment (PIPE) related to th
CEMEX acquires sustainable waste management company "Broquers Ambiental" in Mexico as part of its Future in Action program to achieve carbon neutrality. Currently, CEMEX transforms more than 500,000 tons of waste per year into climate-friendly fuels for its operations, avoiding the emission of more than 730,000 tons of CO2, which is equivalent to planting 12 million trees, thus helping to protect the environment and promote a circular economy in Mexico. CEMEX, S.A.B. de C.V. ("CEMEX") announced the acquisition of Broquers Ambiental ("Broquers"), a sustainable company that focuses on the separation, recovery, and treatment of urban solid waste generated in the city of Queretaro. This ac
Novus Capital Corporation II (NYSE:NXU, NXU.U, NXU WS))) ("Novus") and Energy Vault, an energy storage solutions company, jointly announce that they have entered into a definitive agreement for a business combination; upon closing, the combined company is expected to trade on NYSE under the symbol "GWHR." The transaction values the combined company at an implied pro-forma enterprise value of $1.1 billion and is expected to additionally provide up to $388 million in gross cash proceeds to the combined company. As part of the transaction, Novus II has received $100 million of commitments for a common stock PIPE, which will be used, among other things, to fund the combined company's growth