Amrize reported third quarter 2026 revenue of $3.77 billion, falling short of the $3.83 billion consensus, while diluted EPS of $1.02 beat expectations. Results were characterized by strong pricing power that offset volume declines caused by adverse weather, but persistent cost inflation and high interest rates led management to lower full-year 2026 revenue guidance to a range of $12.2 billion to $12.4 billion.
Key Highlights
- Building Materials margins expanded 30 basis points to 33.0%, driven by a 6.9% increase in aggregates pricing and $23 million in energy and freight surcharges.
- Building Envelope Adjusted EBITDA declined 14.6% to $182 million as higher raw material and freight costs more than offset a 3.6% revenue increase.
- Cement volumes fell 4.2% year-over-year to 6.8 million tons, while aggregates volumes were essentially flat at 40.1 million tons due to construction delays in the Northeast and South.
- Full-year 2026 revenue guidance was revised downward to $12.2B–$12.4B, down from the previously raised range of $12.5B–$12.7B mentioned in prior communications.