Amrize has declared its third-quarter financial results as a success on the back of “strong revenue growth” for the business.
The third quarter was Amrize’s first under its new name and structure following the business’s spin-off from Holcim earlier this year.
The company’s financial results were headlined by a 6.6 per cent increase in revenue, a net income of $543 million and an Adjusted EBITDA of $1.1 billion.
“We made progress across our business and I thank our 19,000 teammates for serving our customers across all of our markets,” Amrize chairman and chief executive officer Jan Jenisch said.
“This quarter, we made progress across our key organic growth investments and kicked off new projects to expand production and improve efficiency to serve our customers in attractive markets from Dallas-Fort Worth to Calgary.
“We delivered strong revenue growth of 6.6 per cent and free cash flow generation of $674 million, up $221 million.
“Our Building Materials business had strong sales with increased customer demand, while margin was affected by a temporary equipment outage in our cement network. Within building envelope, operational efficiencies and lower raw material costs delivered margin expansion.
“The actions we are taking from investing in our business to driving synergies with our ASPIRE program are positioning Amrize to capitalise on the significant, long-term demand.”
