en.Wedoany.com Reported - North American building materials company Amrize released its Q2 2026 financial results: revenue increased 8.6% year-over-year, and net profit rose 14.4% to $476 million.

Amrize Chairman and CEO Jan Jenisch stated that second-quarter revenue growth was driven by increased demand from large-scale projects such as data centers, energy, advanced manufacturing facilities, and infrastructure modernization. Leveraging its network strength and strategic positioning in the most attractive markets, the company achieved industry-leading organic growth of 6.7%.

Net profit increased 14.4%, and adjusted EBITDA grew 5.8%, benefiting from strong customer demand, continued growth in aggregates pricing, and savings from the ASPIRE program. Oil-price-driven cost inflation pushed up freight, diesel, and raw material costs, which the company is managing through pricing, fuel surcharges, and the ASPIRE program.

The building materials business achieved above-market volume growth in the quarter, with cement pricing maintaining a premium and aggregates pricing growth leading the market. The building envelope business delivered above-market sales momentum, driven primarily by a strong pipeline of large commercial projects and growth in residential roofing demand; as price increases were progressively implemented throughout the quarter, the segment's pricing improved sequentially.

The company continues to invest in profitable growth through capital expenditures and acquisitions. Capital expenditures in the quarter totaled $241 million, used to expand production, improve efficiency, and enhance customer service. The recently acquired West Texas aggregates business PB Materials delivered strong performance; in July, the company completed the acquisition of Rapid Redi-Mix, creating synergies with its cement and aggregates network in the state.

Looking ahead to the second half of the year, Amrize expects cement and aggregates pricing to remain strong, with roofing prices improving relative to costs as the year progresses. The ASPIRE program is gaining momentum and is on track to achieve its full-year savings target. The company expects strong demand and pricing to boost full-year revenue, but oil-price-driven cost inflation will weigh on profitability.

Based on increased demand and oil-price-driven cost inflation, Amrize updated its fiscal 2026 financial guidance: it expects revenue of $12.5 billion to $12.7 billion and adjusted EBITDA of $3.1 billion to $3.2 billion. The company also confirmed that the ASPIRE program is expected to deliver $80 million in savings in 2026, with both business segments expected to implement additional price increases in the second half of the year. The timing gap between price realization and oil-price-driven cost inflation is expected to impact full-year profitability.

By segment, in Q2 2026, the building materials business generated revenue of $2.445 billion, compared with $2.259 billion in the same period last year, with the 8.2% increase driven by volume growth, acquisition contributions, and higher aggregates prices. Cement volumes grew 5.0%, and supplementary cementitious materials volumes achieved double-digit growth; pricing declined 0.2% on a constant currency basis but improved 2.1% compared with Q1 2026. Aggregates volumes grew 6.5%, with pricing up 4.0% on a constant currency and freight-adjusted basis, supported broadly across all geographic regions.

The building materials business's adjusted EBITDA increased 5.2% to $793 million (compared with $754 million in the same period last year), primarily attributable to volume growth, higher aggregates prices, acquisition contributions, and ASPIRE savings, partially offset by higher freight and diesel costs and higher insurance proceeds in the prior year related to insurable events in 2024. In the first half of 2026, the building materials business delivered strong revenue growth, with adjusted EBITDA up 8.4%.

Regarding full-year expectations, the company continues to expect cement and aggregates volumes to grow, with cement pricing flat to up low single digits and aggregates pricing up mid single digits on a freight-adjusted basis. For building envelope, commercial roofing volumes are expected to grow low single digits and residential roofing volumes high single digits; price increases are being progressively implemented across the segment's product portfolio, with price-cost relationships expected to improve in the second half compared with the first half.