Amrize Cuts Full-Year Revenue Outlook to $12.2B-$12.4B Despite Q3 Net Income Growth
AMRZ is trading near its 52-week low of $35.785 (7.1% above the low).
Summary
Amrize lowered its full-year 2026 revenue guidance to $12.2B-$12.4B from the $12.5B-$12.7B range issued in August, and set Adjusted EBITDA at $2.95B-$3.05B, with the outlook assuming capex of ~$900M, net interest expense of ~$340M, a 23%-25% adjusted effective tax rate and ~$200M corporate costs. Third-quarter revenue rose 2.2% to $3.771B and net income grew 3.3% to $558M, but Adjusted EBITDA was essentially flat at $1,076M and the margin slipped 60bps to 28.5% as freight, diesel and raw material costs outran pricing. The weak spot is Building Envelope: segment Adjusted EBITDA fell 14.6% to $182M and management pushed its price-cost positivity target into 2027, citing the magnitude of inflation. Cash generation is also behind — free cash flow was a $551M use for the nine months versus $186M a year earlier — though net leverage held at 1.8x. The company completed its $1B buyback on October 28 (~4% of share capital) and declared a $0.11 quarterly dividend payable November 18. The Q3 webcast is October 29 at 7:30 am Central.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — Amrize's FY 2026 guidance assumes capex of ~$900M, net interest expense of ~$340M, a 23%-25% adjusted effective tax rate and ~$200M corporate costs.
At the time of this announcement, AMRZ was trading at $38.32 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $21.9B. The 52-week trading range was $35.79 to $65.94. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: BusinessWire.