0002035989-26-000050
SEC filingAmrize Ltd reported Q1 2026 revenues of $2.18B, up 4.7% YoY, with Building Materials growing 12.9% but Building Envelope declining 9.8%, reaffirming full-year 2026 guidance and announcing dividend and buyback.
Amrize Ltd delivered Q1 2026 results with consolidated revenues of $2,178 million, up 4.7% from $2,081 million in Q1 2025, primarily driven by strong volume growth in the Building Materials segment amid accelerating customer demand from new project starts and multi-year supply agreements for mega-projects. Building Materials revenues surged 12.9% to $1,500 million, with cement volumes up 13.9% and aggregates volumes up 14.1%, though pricing faced headwinds from mix and a large customer project; Segment Adjusted EBITDA rose 41.7% to $170 million, reflecting operational efficiency, ASPIRE savings, and aggregates pricing gains. The February 2026 acquisition of PB Materials contributed positively in its six-week integration period. In contrast, Building Envelope revenues fell 9.8% to $678 million due to soft roofing demand in both commercial new construction and residential segments, compounded by pricing pressures and a temporary plant disruption, leading to Segment Adjusted EBITDA declining 37.1% to $78 million. Consolidated Adjusted EBITDA decreased 10.3% to $192 million, with higher unallocated corporate costs as a standalone entity impacting the figure, though total segment Adjusted EBITDA grew 1.6% excluding corporates. CEO Jan Jenisch highlighted Building Materials momentum and positioned the business for 2026 growth via April price increases and fuel surcharges. The company reaffirmed full-year 2026 guidance of $12.29-12.52 billion revenues (+4-6%) and $3.25-3.34 billion Adjusted EBITDA (+8-11%), underpinned by low-single digit cement pricing growth, mid-single digit aggregates pricing, and low-single digit commercial roofing volume growth. Capital allocation remains balanced with $272 million Q1 CapEx (on track for $900 million annually), initiation of a $1.0 billion share repurchase post-earnings, and first quarterly dividend of $0.11 per share. Balance sheet strength persists with Net Debt of $4,947 million and 1.7x Net Leverage as of March 31, 2026, supporting growth investments and shareholder returns.