Switzerland · Delayed Price · Currency is CHF Amrize AG Earnings Call Transcripts
Fiscal Year 2026
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Q3 growth was supported by pricing and acquisitions despite weather-related volume pressure and cost inflation. FY2026 revenue and EBITDA guidance was updated, with Building Materials expected price-over-cost positive in Q4 and Building Envelope recovery targeted for 2027.
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Revenue grew 8.6% and net income rose 14.4% year-over-year, driven by strong demand in mega projects and infrastructure. Adjusted EBITDA increased 5.8%, with robust volume and pricing in key segments, despite cost inflation. Full-year guidance was raised for both revenue and EBITDA.
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Q1 2026 saw 4.7% revenue growth and strong double-digit volume gains in cement and aggregates, offset by softness in building envelope. Guidance for 2026 is reaffirmed, with price increases and operational efficiencies expected to drive margin expansion.
Fiscal Year 2025
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Revenue grew 0.9% to $11.8B in 2025 with $3B adjusted EBITDA and strong cash flow. 2026 guidance targets 4%-6% revenue and 8%-11% EBITDA growth, supported by major plant expansions, the PB Materials acquisition, and robust commercial/infrastructure demand.
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Q3 2025 saw 6.6% revenue growth, strong free cash flow, and margin expansion in Building Envelope, despite a temporary cement outage. 2025 revenue guidance was raised, with EBITDA and leverage targets confirmed, and major investments and synergies are expected to drive future growth.
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Q2 revenue and margins remained stable despite market headwinds, with strong infrastructure and commercial demand offsetting residential softness. The Aspire program is set to drive cost savings, and full-year guidance targets $11.4–$11.8B revenue and $2.9–$3.1B adjusted EBITDA.