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Sales, earnings slow in second quarter at Cemex | Pit & Quarry
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Sales, earnings slow in second quarter at Cemex | Pit & Quarry
Cemex is among the first public producers to report its second-quarter financial results, detailing that sales and operating EBITDA (earnings before interest, tax, depreciation and amortization) in the U.S. each dipped 6 percent.Globally, Cemex’s second-quarter sales declined 5 percent while EBITDA shifted downward 11 percent.The company’s first-half global sales were down 6 percent while EBITDA dropped 14 percent from January to June.“As we beg…
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