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Investing.com -- Amrize AG (NYSE:AMRZ) shares fell 4% after the building materials company reported second quarter earnings that significantly missed analyst expectations and provided revenue guidance below consensus estimates.
The North American building materials provider reported second quarter adjusted earnings per share of $0.78, falling well short of the $1.15 analysts had expected. Revenue came in at $3.22 billion, below the consensus estimate of $3.36 billion and down 0.7% compared to the same quarter last year. The company cited challenging market conditions and inclement weather during the quarter as factors affecting performance.
"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," said Jan Jenisch, Chairman and CEO of Amrize.
Looking ahead, Amrize provided full-year 2025 revenue guidance of $11.4-11.8 billion, below analyst expectations of $11.894 billion. The company also announced its ASPIRE program, targeting more than $250 million in synergies through 2028, which it expects will deliver over 50 basis points of margin improvement per year.
The Building Materials segment saw revenues decrease 1.1% to $2.25 billion, with cement volumes declining 6.3% while cement prices increased 0.5%. Aggregates volumes fell 2.9%, though pricing improved 6.7%. The Building Envelope segment reported flat revenues of $970 million.
Amrize, which recently listed on the NYSE and SIX on June 23, maintained a positive outlook on long-term growth drivers including infrastructure modernization, manufacturing onshoring, data center expansion, and addressing housing shortages.
"With a growing order book, we are partnering with our customers to advance their most critical projects," Jenisch added. "With an investment grade balance sheet and substantial financial firepower to fuel our growth, we are ready to deliver superior value to all stakeholders."
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