Cemex Shares Rise as It Sees Recovery in US Cement Demand
- Mexican company says higher prices didn’t offset lower volumes
- US depository receipts climb as much as 8.7% on earnings
Cemex cement bags at a wholesale warehouse in Mexico City.
Photographer: Jeoffrey Guillemard/BloombergThis article is for subscribers only.
Cemex SAB shares climbed after the Mexican company said it sees cement demand improving this year in the US, its largest market, after lower volumes dented sales for 2024.
Annual net sales dipped 1% on a like-for-like basis to $16.2 billion, as higher prices failed to offset smaller volumes, Cemex said Thursday.