# CEMEX Q3 2026 Earnings Results

> CEMEX reports 8% net sales growth and double-digit EBITDA expansion with Project Cutting Edge savings at 80% target.
- Title: CEMEX Q3 2026 Earnings Results · The Motley Fool | Shortify
- Summary: CEMEX reports 8% net sales growth and double-digit EBITDA expansion with Project Cutting Edge savings at 80% target. CEMEX achieved 80% of $475 million cost…
- Keywords: cemex, project cutting edge, ebitda, free cash flow, mexico, united states, asset pruning, debt reduction, infrastructure funding, finance, money, 2026
- Source: The Motley Fool — https://fool.com/earnings/call-transcripts/2026/10/26/cemex-cx-q3-2026-earnings-call-transcript
- Author: Motley Fool Transcribing
- Published: 2026-10-26T17:24:16+00:00
- Read time: 2 min
- Topics: cemex, project cutting edge, ebitda, free cash flow, mexico, united states, asset pruning, debt reduction, infrastructure funding, finance, money
## Q3 2026 Results
Net sales grew 8% supported by higher prices and improving cement volume trends across most markets.
## EBITDA Growth
EBITDA increased 12% and EBIT grew 19% for the fifth consecutive quarter of double-digit growth.
## Project Cutting Edge
Achieved $60 million in incremental savings with 80% of $475 million target reached.
## Free Cash Flow
Generated $723 million in free cash flow, a 34% increase driven by higher EBITDA and lower maintenance capital expenditures.
## Free Cash Flow Conversion
62% adjusted trailing 12-month rate, a 16 percentage point increase from one year ago.
## Asset Pruning
Estimated $200 million in cash proceeds from completed and announced transactions involving more than 140 facilities.
## Mexico Performance
Double-digit EBITDA growth and nearly 4 percentage point margin expansion supported by residential demand and government social programs.
## U.S. Volumes
4% increase in cement and aggregate volumes with ready-mix volumes declining 1% due to softer market demand.
## AI-Related Demand
High single-digit percentage of year-to-date ready-mix volumes in the U.S. more than doubled 2025 full-year volumes.
## EMEA EBITDA
4% increase supported by strong pricing and efficiencies offsetting rising energy costs in the region.
## Energy Cost Management
2% decline in year-to-date energy cost per ton of cement produced driven by lower alternative fuel costs.
## Diesel Hedging Gains
$82 million year-to-date gains offsetting higher transportation and diesel costs.
## Debt Reduction
$1.7 billion reduction in total debt plus subordinated notes since December 2025.
## Net Financial Leverage
1.8x at quarter end, representing a nearly half turn decline since December 2025.
## Mexico Social Housing
35% of 1.8 million housing unit target contracted to developers according to government figures.
## Working Capital
$40 million lower investment year to date with average working capital days at minus nine.
## Full Year 2026 Guidance
16% to 17% expected EBITDA growth based on a fourth-quarter peso exchange rate of 25 to 68.
## U.S. Infrastructure Funding
40% of funds from the Infrastructure Investment and Jobs Act remain unspent, providing a project pipeline into 2027.
## Decarbonization Progress
1% reduction in year-to-date gross CO2 emissions supported by a lower clinker factor.
## Asset Pruning Outlook
$100 million to $150 million in incremental recurring free cash flow expected from the program starting in 2027.
## Key takeaway

CEMEX achieved 80% of $475 million cost savings target through Project Cutting Edge, driving 12% EBITDA growth and 62% free cash flow conversion.