Amrize completed its first financial period since spinning off from Holcim, with chairman and CEO Jan Jenisch offering perspective on the company’s performance and the road ahead.
“In the second quarter, we successfully navigated a challenging environment, generating stable revenue and strong margins, showing the resilience and strength of our business and market positions,” Jenisch says. “With a growing order book, we are partnering with our customers to advance their most critical projects, from infrastructure modernization and onshoring of advanced manufacturing to data center expansion and the need to bridge the housing gap.”
Revenues in Amrize’s building materials sector were down 1.1 percent in the second quarter while adjusted EBITDA (earnings before interest, tax, depreciation and amortization) slipped 1.6 percent.
Within the sector, aggregate volumes dropped 2.9 percent, although average sales price per ton of aggregates jumped 6.7 percent. Amrize says strong infrastructure spending contributed to the pricing increase.
Companywide, Amrize’s second-quarter revenues decreased 0.7 percent. Net income dropped 9.5 percent, and adjusted EBITDA fell 5.6 percent.
Upon releasing its second-quarter financial results, Amrize highlighted several growth initiatives. The company, for example, opened a greenfield quarry in Oklahoma with 200 million tons of reserves. The site will serve the Dallas-Fort Worth market in Texas.
Additionally, Amrize acquired the operations of Langley Concrete Group, expanding its precast concrete footprint with two facilities in British Columbia, Canada. Amrize also broke ground on a new fly ash beneficiation facility in Virginia to enable the use of recycled, landfilled ash as a supplementary cementitious material.
“The steps we are taking, from investing in our growth to driving synergies across the business, provide the foundation for us to capitalize on the strong, long-term demand across our $200 billion addressable market,” Jenisch says. “With an investment-grade balance sheet and substantial financial firepower to fuel our growth, we are ready to deliver superior value to all stakeholders.”
