CEMEX reports Q3 2024 net sales of $4.09bn, 200% year-over-year net income rise, divests $1.4bn in assets for U.S.

CEMEX, a global building materials firm, reported Q3 2024 net sales of $4.09 billion and a net income increase of over 200% year-over-year. Despite challenges like weather and strikes, product prices rose slightly. The company divested $1.4 billion in assets, focusing on growth in the U.S. and reducing CO2 emissions by 3% and 4%. CEMEX also secured EU funding for a carbon capture project in Germany, supporting its climate initiatives.

October 29, 2024
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