Amrize grows revenue 4.7% in first quarter and reaffirms 2026 guidance

• Revenues up 4.7% driven by accelerating customer demand.
• Building Materials grew revenue 12.9% with significant margin expansion.
• Building Envelope results affected by soft roofing demand.
• PB Materials acquisition completed.
• Board declares first quarterly dividend of US$0.11 per share.
• Amrize plans to begin US$1 billion share repurchase programme after Q1 earnings results.
• Full Year 2026 guidance reaffirmed.

Jan Jenisch, Chairman and CEO: "I thank our 19 000 Amrize teammates for delivering 4.7% of revenue growth in the first quarter. While this is a seasonally small quarter for Amrize, we are encouraged by our progress and the acceleration of customer demand in Building Materials.

With growing new project starts and multi-year supply agreements for mega-projects, we achieved double-digit volume growth in cement and aggregates. We also significantly expanded Building Materials margins with continued aggregates pricing, operational efficiency and ASPIRE savings. We completed the acquisition of PB Materials, the aggregates leader in high growth West Texas, which started to positively contribute to our results in the first quarter. With aggregates and US cement price increases put in place in April and strong volumes continuing, our Building Materials business is well positioned for 2026.

Our Building Envelope results were affected by soft roofing demand and pricing. Margins in the segment were impacted by lower volumes, price-cost, and a temporary plant disruption. Commercial repair and refurbishment continues to be resilient and we expect the strong commercial new starts within Building Materials to convert to new roofing demand as those projects progress through construction. We implemented price increases beginning in April and we expect performance to improve as we move through the year.

We are investing for growth with CapEx and M&A, and are returning value to our shareholders with our dividend program and US$1 billion share repurchase authorisation. With an excellent start to the year for Building Materials, we are well positioned to capitalise on accelerating customer demand and deliver profitable growth."

Shareholder return

The Board of Directors declared the first quarterly dividend of US$0.11 per share to be paid on May 20, 2026. The last trading day with entitlement to receive the quarterly dividend, known as the cum-dividend date, is May 11, 2026. The shares will be traded ex-dividend on May 12, 2026, which is also the record date.

Dividends will be paid out of capital contribution reserves and are not subject to Swiss withholding tax.

The Board previously approved a US$1 billion share repurchase programme, with a 12-month expiration. With approval of the company's 2025 financial statements at its Annual General Meeting, the company plans to begin the repurchase programme after Q1 2026 earnings results.

Full year 2026 financial guidance reaffirmed

Amrize is reaffirming its 2026 financial guidance reflecting accelerating customer demand and profitable growth.

Building Materials had an excellent start to the year and the company expects accelerated customer demand to drive growth and margin expansion in 2026. The company continues to expect cement pricing to be up low-single digits and aggregates pricing to be up mid-single digits on a freight adjusted basis for the full year. Aggregates and US cement price increases were put in place in April and fuel surcharges are being implemented to offset cost inflation.

In Building Envelope, Amrize continues to expect low-single digit growth in commercial roofing volumes and flat volumes in residential roofing with improvement in the second half of the year. Price increases have been put in place in commercial and residential roofing in April, and fuel surcharges are being implemented to offset cost inflation. As pricing actions are realised, the company expects price-cost to improve as it moves through the year.

Read the article online at: https://www.worldcement.com/the-americas/30042026/amrize-grows-revenue-47-in-first-quarter-and-reaffirms-2026-guidance/