Amrize Q3 revenue rises on higher prices
Overview
North America building materials supplier's Q3 revenue up 2.2% yr/yr, missing analyst expectations
Company's board declared Q3 dividend of $0.11 per share
Company completed Rapid Redi-Mix acquisition and updated FY guidance due to cost inflation, higher rates
Outlook
Amrize sees FY 2026 revenue of $12.2 bln to $12.4 bln
Company expects FY 2026 adjusted EBITDA of $2.95 bln to $3.05 bln
Amrize expects continued cost inflation and elevated interest rates to weigh on results
Company expects Building Materials to be price-cost positive in Q4 2026
Result Drivers
PRICE INCREASES - Co said Q3 revenue growth was primarily driven by higher prices in cement and aggregates, with cement pricing up 1.8% and aggregates up 6.9% on a constant currency basis
ACQUISITIONS - Recent acquisitions, including Rapid Redi-Mix and PB Materials, contributed to revenue and margin growth in Q3
SURCHARGES OFFSET COSTS - Energy, fuel and freight surcharges added $23 mln to revenue
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Miss | $3.77 bln | $3.82 bln (10 Analysts) |
Q3 EPS | $1.02 | ||
Q3 Net Income | $558 mln | ||
Q3 Adjusted EBITDA | Meet | $1.08 bln | $1.08 bln (11 Analysts) |
Q3 Adjusted EBITDA Margin | 28.5% |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 9 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the construction materials peer group is "buy"
Wall Street's median 12-month price target for Amrize AG is $49.00, about 21.8% above its October 27 closing price of $40.23
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)