Amrize Ltd (AMRZ) Earnings
Amrize Ltd is expected to report next earnings on August 5, 2026 (in NaN days), with a consensus EPS estimate of $0.98. AMRZ has beaten EPS estimates in 1 of its last 4 reported quarters (average surprise -15.5% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 30, 2026 | $-0.12 | $-0.16 | -33.3% | $2.2B | +2.4% |
| Feb 17, 2026 | $0.59 | $0.54 | -8.5% | $2.8B | -2.8% |
| Oct 28, 2025 | $1.02 | $1.06 | +3.9% | $3.7B | +5.4% |
| Aug 6, 2025 | $1.03 | $0.78 | -24.3% | $3.2B | -5.0% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 30, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Strong start to the year with 4.7% revenue growth for total company. - Building materials had excellent Q1 with double-digit volume growth, adjusted EBITDA up 42%. - Building envelope affected by soft roofing demand, but expecting commercial new starts to convert to roofing demand. - Invested $272 million in capital expenditures in Q1, on track to invest $900 million in 2026. - Completed acquisition of PB Materials, which started contributing to results. - Board declared first quarterly dividend of 11 cents per share and plan to begin share repurchase program after Q1 earnings. - Aspire program on track to achieve 70 basis points of margin expansion in 2026 and $250 million in synergies through 2028. - Acquisition of BB Materials strengthens aggregates business.
Guidance
- Expect cement pricing to be up low single digits and aggregates pricing up mid single digits on freight adjusted basis for full year. - Reaffirm 2026 guidance with revenues growing 4 to 6% and adjusted EBITDA growing 8 to 11% including contribution from PB materials acquisition. - Building materials expected to drive growth and margin expansion. - Building envelope expects low single-digit growth in commercial roofing volumes and flat volumes in residential roofing with improvement in second half.
Segment performance
Building materials: Revenues $1.5 billion, up 12.9%, double-digit volume growth in cement and aggregates, adjusted EBITDA grew 42% with margin expansion of 230 basis points. Building envelope: Revenue $678 million, down 9.8% due to soft roofing demand and pricing, adjusted EBITDA down due to lower volumes, price cost, and temporary plant disruption. Residential: Demand soft in Q1, expected stronger weather-related repair and refurbishment later, flat volumes expected for full year with improvement in second half.
Risks & headwinds
- Volatile macro environment and energy costs could impact results. - Temporary plant disruption in residential shingles business in Q1 could be a risk if not resolved. - Geopolitical instability in Middle East could impact energy costs and pricing. - Soft demand in building envelope segment could continue if not reversed by pricing actions and demand from commercial projects.
Analyst Q&A
Q: Anthony Petinari from Citi asked about confidence in reiterating 2026 guide given volatile macro environment.
A: Jan said they had good start, increasing customer demand, double-digit volume growth in Q1, basics and initiatives in place, and addressed energy costs.
Q: Keith Hughes with Truist asked about cement pricing turnaround.
A: Jan and Baris mentioned double-digit volume growth, mix effect in Q1, pricing in place for April, and positive pricing expected throughout the year.
Q: Pujarini Ghosh with Bernstein asked about building envelope pricing growth.
A: Jan said target is to be price over cost positive for the year with price increases in place.
Q: Cedar Ekblom with Morgan Stanley asked about building envelope outage.
A: Jan said one residential roofing factory was out for four weeks due to production line issue, resolved but impacted Q1.
Q: Trey Grooms with Stevens asked about aggregates pricing.
A: Jan said mixed price increase in Q1, more price increases and fuel surcharges in Q2.
Q: Michael Dudas with Vertical Research asked about building envelope order activity.
A: Jan said commercial projects from 2025 expected to convert to roofing volumes in second half of 2026 and re-roofing expected to be more significant.
Q: Julian Radlinger with UBS asked about large customer affecting cement prices.
A: Jan said there was a large customer project with special price, contributing to volume growth but softening average price.
Q: Martin Huesler with ZKB asked about sales outlook being conservative.
A: Jan said guidance is based on focusing on 8-11% adjusted EBITDA growth and being cautious about overall economy.
Q: Will Jones with Redburn asked about cement pricing regional differences and import economics.
A: Jan said implemented price increases in Canada and US, and will see how cost environment impacts import economics.
Q: Yasin Tahari with Onfield Research asked about import strategy.
A: Jan said strategy is to go almost to zero in imports with commissioned plant expansion.