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Amrize Q3 revenue rises on higher prices

By Reuters News


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


Reuters Recommended Reads

  • Oct 27 - India's ACC posts 91% plunge in quarterly profit on higher fuel costs, weaker sales

  • Oct 27 - PPG Q3 revenue beats analyst estimates, led by aerospace, Latam coatings

  • Oct 27 - Switzerland's Bucher Industries 9-month sales dip, orders fall on weak demand


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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