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CEMEX S.A.B. de C.V. (NYSE:CX), a major player in the hydraulic cement industry with a market capitalization of $9.49 billion, has filed a report with the United States Securities and Exchange Commission (SEC) today, detailing its consolidated and separate financial statements for the years ending December 31, 2024, 2023, and 2022. According to InvestingPro analysis, CEMEX is currently trading at an attractive valuation, with the stock showing strong momentum, up nearly 19% year-to-date. These statements are awaiting approval at the upcoming Ordinary General Shareholders’ Meeting scheduled for March 25, 2025.
The Monterrey, Nuevo Leon-based company, with its primary executive offices located at Avenida Ricardo Margáin Zozaya #325, Colonia Valle del Campestre, has provided these financial documents in compliance with SEC regulations. The filing, identified by Commission File Number 001-14946, is a standard requirement for foreign private issuers like CEMEX, which are listed on U.S. stock exchanges.
CEMEX’s financial performance, as presented in the filing, is subject to shareholder scrutiny and will be formally ratified during the March meeting. The company’s Chief Comptroller, Rafael Garza Lozano, signed off on the report, ensuring its accuracy and adherence to the regulatory standards set forth by the SEC.
Investors and stakeholders of CEMEX are advised to review the financial statements in preparation for the shareholder meeting, where they will have the opportunity to vote on the approval of these documents. The financial statements detail the company’s economic activities and outcomes over the past three fiscal years, providing a comprehensive look at its financial health and operational success. InvestingPro data reveals the company generated revenue of $16.2 billion in the last twelve months, with a healthy gross profit margin of 33.57%. For deeper insights into CEMEX’s financial health and future prospects, investors can access the detailed Pro Research Report, available exclusively to InvestingPro subscribers.
This report is based on a press release statement and forms part of CEMEX’s transparent communication with its shareholders and the broader financial community. The company’s commitment to providing detailed financial information reflects its adherence to good corporate governance and accountability to its investors.
As the meeting date approaches, shareholders are encouraged to engage with the material provided to make informed decisions regarding the company’s financial strategies and leadership. With CEMEX trading at a P/E ratio of 10.24 and maintaining a Fair overall financial health score according to InvestingPro, investors can access additional ProTips and comprehensive financial metrics through the platform’s advanced analytics tools.
In other recent news, Cemex has announced the completion of a significant transaction, finalizing the sale of its operations in the Dominican Republic to Cementos Progreso Holdings for $950 million. This strategic divestiture is part of Cemex’s efforts to optimize its asset portfolio and focus on core businesses. Additionally, Cemex has scheduled its Ordinary and Extraordinary General Shareholders’ Meetings for March 25, 2025, in Monterrey, Mexico, where corporate governance and strategic directions will likely be discussed.
In leadership changes, Cemex has appointed Jaime Muguiro as the new CEO, succeeding Fernando Gonzalez, with several other executive appointments taking effect on April 1, 2025. Meanwhile, RBC Capital has downgraded Cemex’s stock from Sector Perform to Underperform, citing potential trade risks due to the U.S. election results and possible tariffs. This downgrade reflects concerns about the implications of a 25% import tariff on Mexico’s exports to the U.S., which could affect Cemex’s operations.
Cemex also addressed unusual trading activity, stating that the fluctuations were due to market conditions and not internal transactions. The company remains committed to transparency and compliance with securities regulations. Investors and stakeholders are closely monitoring these developments as Cemex navigates through these strategic and market challenges.
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