CEMEX, S.A.B. de C.V. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 08, 2024 at 06:08 am EST
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CEMEX, S.A.B. de C.V. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 4,243.2 million compared to USD 3,868.52 million a year ago. Net loss was USD 441 million compared to USD 99.14 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.01 a year ago. Diluted loss per share from continuing operations was USD 0.03 compared to USD 0.01 a year ago.
For the full year, sales was USD 17,415.62 million compared to USD 15,576.82 million a year ago. Net income was USD 182.16 million compared to USD 858.36 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to USD 0.04 a year ago. Diluted earnings per share from continuing operations was USD 0.01 compared to USD 0.04 a year ago.
Cemex SAB de CV is a Mexico-based operating and holding company primarily engaged, directly or indirectly, through subsidiaries, in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates, clinker and other globally provided construction materials. The construction-related services supply customers and communities in over 50 countries throughout the world. The Company operates in various locations, including Mexico, the United States, Europe, South America, Central America, the Caribbean, Asia, the Middle East and Africa. The cement production facilities are located in Mexico, the United States, Spain, Egypt, Germany, Colombia, the Philippines, Poland, the Dominican Republic, the United Kingdom, Panama, Puerto Rico, Thailand and Nicaragua. The Company is a supplier of aggregates, primarily the crushed stone, sand and gravel, used in various forms of construction.
CEMEX, S.A.B. DE C.V. 
