Investing.com -- Amrize shares fell in extended trading after the building materials company reported second-quarter earnings that missed expectations and cut its full-year adjusted EBITDA outlook, citing oil price-driven cost inflation.
The company reported second-quarter earnings per share of $0.88, missing the analyst estimate of $0.96. Revenue came in at $3.5 billion, up 6.7% year-over-year on an organic basis, and ahead of the $3.35 billion consensus estimate. Amrize said the growth was driven by strong demand and pricing.
Adjusted EBITDA rose 5.8% to $986 million.
"Looking to the back half of the year, we expect continued strong pricing for cement and aggregates. Additionally, we expect roofing price over cost to improve as the year progresses. Our ASPIRE program is building momentum and on track to deliver savings through the year. We expect strong demand and pricing to increase full year revenue, while oil price driven cost inflation will be a headwind to earnings," CEO Jan Jenisch said.
Amrize raised its full-year 2026 revenue guidance to $12.5 billion to $12.7 billion, up from a prior range of $12.29 billion to $12.52 billion and above the $12.45 billion consensus.
However, the company lowered its adjusted EBITDA guidance to $3.1 billion to $3.2 billion, down from a previous range of $3.25 billion to $3.34 billion, citing oil price-driven cost inflation.
Amrize slides in extended trading on Q2 profit miss, EBITDA guide cut
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