Amrize Q2 Earnings Call Highlights

Strong second-quarter growth: Revenue increased 8.6% and organic growth reached 6.7%, supported by demand from data centers, energy, infrastructure and advanced-manufacturing projects. Adjusted EBITDA rose 5.8% to $986 million, while net income increased 14.4%. Cost inflation pressured profitability: Building Envelope EBITDA fell 5.2% as freight, diesel and raw-material costs rose faster than pricing could be implemented. Amrize expects price-over-cost performance to improve in the second half, turning positive in the fourth quarter. Outlook and capital returns: The company raised 2026 revenue guidance to $12.5 billion–$12.7 billion but set adjusted EBITDA guidance at $3.1 billion–$3.2 billion, reflecting inflation and pricing delays. Amrize returned $502 million to shareholders in the quarter and continues expanding capacity through acquisitions and capital projects.

Amrize NYSE: AMRZ reported second-quarter revenue growth of 8.6%, supported by demand from large commercial, infrastructure, energy and advanced-manufacturing projects, while higher freight, diesel and raw-material costs pressured profitability and led the company to update its full-year adjusted EBITDA outlook. Chairman and CEO Jan Jenisch said the company generated 6.7% organic growth during the quarter, citing its presence in markets serving data centers, energy facilities, semiconductor plants and transportation infrastructure. Net income rose 14.4%, adjusted EBITDA increased 5.8% to $986 million, and adjusted diluted earnings per share grew 8.6%, according to management.

Jenisch said Amrize’s project pipeline remains supported by more than 300 planned data centers across North America, based on the Dodge Construction Index. He said the company’s footprint and distribution network position it to serve more than 90% of those projects.

Building Materials revenue rose 8.2% to $2.4 billion, including 5.6% organic growth. The segment’s adjusted EBITDA increased 5.2% to $793 million. Cement volumes increased 5%, while aggregates volumes grew 6.5%, driven by commercial and infrastructure activity, particularly in data centers and energy-related projects. Aggregate pricing increased 4% on a freight-adjusted basis. Cement pricing declined 0.2% year over year on a constant-currency basis but increased 2.1% sequentially from the first quarter, as U.S. price increases implemented in April began to take effect. The company reported premium cement pricing of more than $171 per short ton in the second quarter. Chief Financial Officer Baris Oran said volume growth, cement and aggregate pricing, contributions from PB Materials and savings from the company’s ASPIRE operational-efficiency program supported segment profitability. However, he said elevated freight and diesel expenses, along with a more difficult comparison against $17 million of insurance proceeds in the prior-year quarter, weighed on results. For the full year, Amrize expects cement pricing to be flat to up low single digits and freight-adjusted aggregates pricing to rise by mid-single digits. Management expects strong cement and aggregate volume growth for the year, although year-over-year growth rates are expected to moderate in the second half due to tougher comparisons.

Building Envelope revenue rose 9.4% to $1 billion, driven primarily by above-market volume growth in commercial roofing and residential shingles. Commercial roofing benefited from large-scale projects, including data centers and warehouses, as well as commercial reroofing activity. Residential roofing recorded its highest quarterly rev...