Amrize Ltd. has announced a $1 billion share‑buyback program that will commence on May 6, 2026 and run through May 5, 2027. The program will be executed on a second trading line on the SIX Swiss Stock Exchange, with repurchased shares being cancelled to reduce the outstanding share count.
The company is a North American building‑materials supplier with 19,000 employees and $11.8 billion in revenue in 2025. The buyback signals management’s confidence in the firm’s valuation and its ability to generate sufficient cash flow to fund the program.
Amrize’s Q1 2026 earnings showed a mixed picture. Earnings per share were –$0.1264, missing the consensus estimate of –$0.1086 by 16.4 percent, while revenue of $1.72 billion beat the forecast of $1.67 billion by $50 million. The Building Materials segment drove the revenue beat, with revenue up 12.9 percent to $1.5 billion and a margin expansion of 230 basis points. The Building Envelope segment, however, faced soft roofing demand and pricing pressure. Chairman and CEO Jan Jenisch thanked the 19,000 teammates for delivering 4.7 percent of revenue growth in the first quarter.
Management reaffirmed its full‑year 2026 guidance, projecting revenue growth of 4‑6 percent and adjusted EBITDA growth of 8‑11 percent. The guidance incorporates the impact of the February 18 acquisition of PB Materials, a West Texas aggregates business, and the company’s first quarterly dividend of $0.11 per share, along with a proposed special one‑time dividend of $0.44 per share.
Cost inflation remains a headwind, prompting Morgan Stanley to lower its fiscal 2026 and 2027 EPS estimates by 3 percent and 2 percent, respectively. The Q1 earnings miss, driven by cost pressures, tempered enthusiasm for the buyback, but the program still reflects confidence in long‑term cash flow.
The buyback, a major capital‑structure change, will reduce the share count and potentially lift earnings per share, while Amrize continues to navigate sector headwinds and pursue growth through acquisitions and operational improvements.
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