Company Reports

We are transferring coverage of US building materials companies Vulcan Materials, Martin Marietta, and Amrize. The companies produce aggregates, cement, ready-mix concrete, and other building materials used across infrastructure, nonresidential, and residential construction.

Amrize is one of the largest building materials and products companies in North America. It was formed in 2025 by the spinoff of Holcim’s North American business. The company operates through two segments: building materials and building envelope.

Amrize's second-quarter organic sales grew 6.7% year over year, driven by 6.2% volume growth and the remainder from pricing. Management raised full-year sales guidance and lowered adjusted EBITDA guidance.

Amrize is one of the largest producers of building materials and products in North America. Its portfolio contains aggregates, cement, ready-mix concrete, asphalt, roofing products, and wall systems. Amrize was formed through a spinoff from Holcim in 2025 as the latter looked to regionalize its business. Now, Amrize is the largest provider of cement in North America and the second-largest commercial roofing company in North America. It also maintains significant market share in aggregates, ready-mix concrete, and asphalt markets. At the end of 2024, Amrize had almost 5.5 billion tons of aggregate reserves and 2.1 billion tons of cement reserves, representing approximately 46 years and 71 years of reserves, respectively.

Amrize's first-quarter sales grew 4.7% year over year, driven by midteens volume growth for its aggregates and cement. The firm also completed its PB Materials deal in February, adding 26 sites in Texas. Management maintained full-year guidance.

Amrize's fourth-quarter sales declined 0.4% year over year, and over the full year, sales grew 0.9%. Management is guiding to 4%-6% top-line growth in 2026.

Amrize is one of the largest producers of building materials and products in North America. Its portfolio contains aggregates, cement, ready-mix concrete, asphalt, roofing products, and wall systems. Amrize was formed through a spinoff from Holcim in 2025 as the latter looked to regionalize its business. Now, Amrize is the largest provider of cement in North America and the second-largest commercial roofing company in North America. It also maintains significant market share in aggregates, ready-mix concrete, and asphalt markets. At the end of 2024, Amrize had almost 5.5 billion tons of aggregate reserves and 2.1 billion tons of cement reserves, representing approximately 46 years and 71 years of reserves, respectively.

Amrize's net sales in the third quarter rose approximately 6.5% from a year ago, driven by strong growth in the building materials segment. This was mainly due to strength in the aggregates business during the quarter.

Amrize is one of the largest producers of building materials and products in North America. Its portfolio contains aggregates, cement, ready-mix concrete, asphalt, roofing products, and wall systems. Amrize was formed through a spinoff from Holcim in 2025 as the latter looked to regionalize its business. Now, Amrize is the largest provider of cement in North America and the second-largest commercial roofing company in North America. It also maintains significant market share in aggregates, ready-mix concrete, and asphalt markets. At the end of 2024, Amrize had almost 5.5 billion tons of aggregates reserves and 2.1 billion tons of cement reserves, representing approximately 46 years and 71 years of reserves, respectively.

Amrize's net sales in the second quarter declined approximately 1% from a year ago, driven by a slight decline in the building materials segment. This is Amrize's first quarter as a stand-alone company following its June spinoff from Holcim.

Amrize is one of the largest producers of building materials and products in North America. Its portfolio contains aggregates, cement, ready-mixed concrete, asphalt, roofing products, and wall systems. Amrize was formed through a spinoff from Holcim in 2025 as the company looked to regionalize its business. Following the spinoff, Amrize is the largest provider of cement in North America and is the second-largest commercial roofing company in North America. The company also maintains significant market share in aggregates, ready-mixed concrete, and asphalt markets. At the end of 2024, Amrize had almost 5.5 billion tons of aggregates reserves and 2.1 billion tons of cement reserves, which represents approximately 46 years and 71 years of reserves, respectively.

We initiate coverage on Amrize, a building materials and roofing product producer. Amrize's portfolio includes cement, aggregates, ready-mixed concrete, asphalt, roofing products, and wall systems.