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Adrian Eugenio Huerta

Research Analyst at JPMorgan Chase & Co.

Adrian Eugenio Huerta is a Director and Head of Mexico Equity Strategy, Americas Construction Materials, and Latam Real Estate at JPMorgan Chase & Co., focusing on the construction and basic materials sectors with coverage of seven publicly traded companies, primarily listed on the NYSE such as CEMEX. He has issued 15 stock ratings over the past nine years, with a success rate of around 60.71% and an average return of 23.33%, ranking as a 3.61-star analyst according to independent platforms. Huerta began his career at JPMorgan Casa de Bolsa SA de CV in 1999, transitioning to JPMorgan Securities LLC from 2003 to 2007, before assuming his current leadership and equity research responsibilities. He is registered with relevant financial oversight bodies and holds credentials required for equity analysis and advisory in major markets.

Adrian Eugenio Huerta's questions to CEMEX SAB DE CV (CX) leadership

Question · Q3 2025

Adrian Eugenio Huerta inquired about the outlook for Mexico's volumes in 2026, particularly in light of infrastructure bottlenecks and historical recovery patterns following presidential changes, asking if a recovery of at least half of the volumes lost in 2025 is anticipated.

Answer

CEO Jaime Muguiro expressed confidence that Mexico's demand volumes would grow by at least 2.5% to 3% in 2026, driven by infrastructure projects and accelerating social housing programs. He highlighted CEMEX's strong position to gain market share in infrastructure. Chief Communications Officer Lucy Rodriguez added that official guidance would follow in February but confirmed a positive outlook.

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