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Amrize Reports Third Quarter 2026 Results

AMRZ
  • Amrize reported Q3 2026 revenues of $3,771 million, a 2.2% increase year-over-year.
  • Net income grew 3.3% to $558 million, or $1.02 per diluted share.
  • Adjusted EBITDA increased 0.2% to $1,076 million, with an adjusted EBITDA margin of 28.5%.
  • The company completed the acquisition of Rapid Redi-Mix in the Dallas-Fort Worth market.
  • Building Materials segment achieved a 30 basis point margin expansion driven by 1.8% cement price increases & 6.9% aggregates price growth.
  • Cement volumes declined 4.2% while aggregates volumes fell 0.2% due to adverse weather patterns.
  • Energy, fuel, & freight surcharges contributed $23 million to the quarter's results.
  • The ASPIRE cost-saving program delivered $73 million in savings year-to-date, on track to reach $80 million for the full year.
  • Capital expenditures totaled $262 million in Q3, with full-year Capex guidance set at approximately $900 million.
  • Shareholders received $1.1 billion in returns via buybacks & dividends in the first three quarters of 2026.
  • The company repurchased $750 million of shares in Q1-Q3 2026 & completed a $1 billion buyback program in October 2026.
  • The Board declared a Q3 dividend of $0.11 per share, payable on November 18, 2026.
  • FY 2026 revenue guidance was updated to $12.2 billion to $12.4 billion due to cost inflation & elevated interest rates.
  • FY 2026 adjusted EBITDA guidance was updated to $2.95 billion to $3.05 billion.
  • Net debt stood at $5,549 million as of September 30, 2026, resulting in a net leverage ratio of 1.8x.
  • Free cash flow was a use of $551 million for the nine months ended September 30, 2026.
  • Building Envelope revenues rose 3.6% in Q3, though segment EBITDA declined due to higher raw material & freight costs.
  • Insurance proceeds of $36 million recognized in Q4 2025 are not expected to repeat in the current fiscal year.
  • The company revised prior period financial statements to correct immaterial extended warranty & other misstatements.