Amrize Q2 Earnings Miss and Guidance Update
Amrize (SIX:AMRZ, NYSE:AMRZ), a building‑materials producer, posted second‑quarter earnings per share of $0.88, falling short of the consensus estimate of $0.96. Revenue for the quarter reached $3.5 billion, representing a 6.7% year‑over‑year increase on an organic basis and surpassing the $3.35 billion consensus forecast. Adjusted EBITDA rose 5.8% to $986 million.
Chief Executive Officer Jan Jenisch said the company continues to benefit from strong demand and pricing for cement, aggregates and roofing, and that the ASPIRE program is delivering savings throughout the year. He added that oil‑price‑driven cost inflation will act as a headwind to earnings.
Guidance revisions were announced: full‑year 2026 revenue guidance was lifted to a range of $12.5 billion to $12.7 billion, up from the prior $12.29 billion to $12.52 billion and above the $12.45 billion consensus estimate. Conversely, the full‑year adjusted EBITDA outlook was reduced to $3.1 billion‑$3.2 billion, down from the earlier $3.25 billion‑$3.34 billion range, reflecting the impact of higher oil‑related input costs. The tax‑rate outlook was also revised upward, moving from roughly 22% to a new band of 23%‑25%.
Bernstein analysts calculated that the lower EBITDA guidance represents roughly a 4% cut to consensus estimates, while the higher tax rate would depress earnings per share by about 11% at the midpoint of the guidance range. Despite these adjustments, Bernstein maintained a positive medium‑to‑long‑term view on Amrize and reiterated an Outperform rating.
Following the release, Amrize shares fell more than 9% in Swiss trading on Friday, reflecting investor reaction to the earnings miss and the revised EBITDA outlook.