Amrize stock faces lower 2026 outlook after cost pressure rises

Published on 10/30/2026 at 10:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Amrize stock faces a lower full-year outlook after cost inflation and weather pressure weighed on third-quarter performance. Management completed a 1 billion US dollar buyback.

Amrize lowers full-year targets

Third-quarter revenue rose 2.2 percent to 3.771 billion US dollars, while net income increased 3.3 percent to 558 million US dollars.
Adjusted EBITDA was nearly unchanged as pricing and acquisitions offset weather-related volume pressure and higher freight, diesel and raw-material costs.
Management expects Building Envelope price-cost positivity only in 2027 and completed its 1 billion US dollar share repurchase program.

Amrize, CH1430134226, Illustration mit AI erstellt.

Amrize lowered its full-year 2026 outlook on Wednesday, October 28, after weather-related volume pressure and cost inflation limited the benefit from pricing and acquisitions. The North American building-materials company reported the figures in an Amrize release.

Pricing offsets weaker volumes

Revenue for the quarter ended September 30 rose 2.2 percent year over year to 3.771 billion US dollars. Net income increased 3.3 percent to 558 million US dollars, or 1.02 US dollars per diluted share. Adjusted diluted earnings per share remained at 1.05 US dollars.

Adjusted EBITDA edged up 0.2 percent to 1.076 billion US dollars, but the adjusted EBITDA margin fell to 28.5 percent from 29.1 percent. Price increases contributed 78 million US dollars to revenue, acquisitions added 77 million US dollars and energy, fuel and freight surcharges contributed 23 million US dollars.

Building Materials provided the strongest operational support. Segment revenue increased 1.8 percent to 2.842 billion US dollars, while segment adjusted EBITDA rose 2.7 percent to 938 million US dollars. Cement pricing advanced 1.8 percent on a constant-currency basis and aggregates pricing increased 6.9 percent. Cement volumes fell 4.2 percent and aggregates volumes declined 0.2 percent as weather disrupted activity in several North American regions.

Building Envelope remains under pressure

Building Envelope revenue rose 3.6 percent to 929 million US dollars, supported by commercial roofing and pricing. Segment adjusted EBITDA dropped 14.6 percent to 182 million US dollars as freight and raw-material costs outweighed the benefit of pricing and surcharges. Lower shingle demand also reflected limited storm activity and sluggish existing-home sales.

Amrize now expects price-cost positivity in Building Envelope in 2027 rather than 2026. The ASPIRE savings program delivered 73 million US dollars in the first nine months and remains on track for 80 million US dollars in 2026.

Guidance reset and shareholder returns

The company now expects 2026 revenue of 12.2 billion to 12.4 billion US dollars and adjusted EBITDA of 2.95 billion to 3.05 billion US dollars. The outlook reflects expected fourth-quarter volume softness, elevated interest rates, continued oil-driven cost inflation and the absence of a 36 million US dollar insurance benefit recorded in the fourth quarter of 2025.

Amrize completed its 1 billion US dollar share repurchase program on October 28, equivalent to approximately 4 percent of share capital. The board also declared a quarterly dividend of 0.11 US dollars per share, payable November 18, with the shares trading ex-dividend on November 10.

Amrize stock traded at 36.66 euros on Lang & Schwarz at 10:36 CET on Friday, October 30, 2026. Investors can follow the real-time quote of Amrize stock.