AcquisitionsMay 7, 2026, 04:31 PM
Amrize Acquires PB Materials for $425M; Q1 Net Loss $(116)M
AI Summary
Amrize Ltd. completed the acquisition of PB Materials for $425 million in the first quarter of 2026, enhancing its Building Materials segment. Despite an increase in revenues to $2,178 million from $2,081 million year-over-year, the company reported a wider net loss attributable to the company of $(116) million, compared to $(87) million in the prior year. The operating loss also significantly increased, and cash and cash equivalents decreased, while short-term borrowings rose.
Key Highlights
- Acquired PB Materials for $425 million in Q1 2026, expanding Building Materials segment.
- Q1 2026 Net Loss attributable to the Company was $(116) million, widening from $(87) million in Q1 2025.
- Revenues increased to $2,178 million in Q1 2026 from $2,081 million in Q1 2025.
- Basic Loss per share was $(0.21) in Q1 2026, compared to $(0.16) in Q1 2025.
- Operating loss significantly widened to $(76) million in Q1 2026 from $(16) million in Q1 2025.
- Cash and cash equivalents decreased to $1,099 million from $1,922 million as of December 31, 2025.
- Short-term borrowings increased to $777 million as of March 31, 2026, from $0.