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The company will report third-quarter results at the end of the month with more detailed information on the impact to earnings before interest, taxes, depreciation and amortization (EBITDA), CEO Fernando Gonzalez said in presentation for investors.
“We believe on a preliminary basis… that all these variables can impact our EBITDA for an amount of around $100 million,” Gonzalez said.
He added that the company was responding by increasing prices while aiming to delay costs and some investments.
“We are increasing prices on a much more frequent basis,” Gonzalez said.
Jaime Muguiro, president of Cemex’s U.S. operations, said the company would hike U.S. prices into the double-digits throughout the coming year, in part to offset higher energy and shipping costs.
He praised a $1 trillion bipartisan infrastructure bill under consideration by U.S. lawmakers, saying the $550 billion increase in funding for projects such as bridges, highways and transportation would have a positive impact on demand.
Cemex also projected spending $410 million in capital expenditures in the United States, one of its key markets, over the next three-to-four years, Muguiro said.
