Amrize Ltd Reports Q1 2026 Revenue Growth to $2.178 Billion Despite Net Loss

Amrize Ltd reported its financial results for the first quarter of 2026, revealing revenues of $2.178 billion, a 4.7% increase from $2.081 billion in the same period last year. The growth was primarily driven by a $79 million increase in volume and $24 million from acquisitions within the Building Materials segment, although this was partially offset by a $24 million decline in prices and lower demand in the Building Envelope segment. The company experienced a net loss of $118 million, compared to a loss of $87 million in the prior year, reflecting a net loss margin of 5.4%, up from 4.2%.

The cost of revenues rose to $1.967 billion, a 5.8% increase from $1.859 billion, with the Building Materials segment contributing significantly to this rise. Selling, general, and administrative expenses also increased by 22.2% to $292 million, attributed to the costs associated with establishing a standalone organization following the company's spin-off from Holcim Ltd. The company reported an operating loss of $76 million, compared to a loss of $16 million in the previous year, and interest expenses decreased significantly to $70 million from $118 million, reflecting a lower debt profile post-spin-off.

Operationally, Amrize completed the acquisition of PB Materials for $425 million, enhancing its footprint in the aggregates and ready-mix solutions market. The company’s employee headcount has grown to over 19,000, operating across more than 1,000 sites in North America, including the U.S., Canada, and parts of the Caribbean. The Building Materials segment accounted for 68.9% of total revenues, while the Building Envelope segment contributed 31.1%, down from 36.1% in the previous year.

Looking ahead, Amrize anticipates continued challenges in the Building Envelope segment due to softer market demand, but remains optimistic about growth opportunities in the Building Materials segment, particularly through strategic acquisitions and infrastructure investments. The company is focused on enhancing operational efficiencies and leveraging its scale to drive profitability. Amrize's management has indicated that they will continue to monitor market conditions and adjust their strategies accordingly, while also addressing the material weakness in internal controls identified in previous reports.