Amrize Launches as Independent Public Company with Strong Market Strategy
Amrize Ltd has officially debuted as an independent, publicly traded company following its 100% spin-off from Holcim, with shares commencing trading on the New York Stock Exchange (NYSE) and the SIX Swiss Exchange under the ticker "AMRZ."
Specializing in construction materials, Amrize operates over 1,000 sites across every U.S. state and Canadian province, serving various construction sectors including infrastructure, commercial, residential, as well as new build, repair, and refurbishment projects. In 2024, Amrize reported $11.7 billion in revenue, representing a 13% compound annual growth rate (CAGR) since 2021, and $3.2 billion in Adjusted EBITDA with a 27% margin, demonstrating consistent profitability and operational efficiency.
The company generated $1.7 billion in free cash flow in 2024, reflecting a 15% CAGR over recent years, supported by an adjusted EBITDA cash conversion ratio above 50% annually since 2021. Since 2018, Amrize has completed 36 acquisitions, showcasing an active growth and consolidation strategy within the building materials market.
The spin-off was executed via a dividend-in-kind distribution of Amrize shares to Holcim shareholders, positioning Amrize to prioritize strategic investments, value-accretive mergers and acquisitions, and shareholder returns. Market analysis suggests Amrize is positioned to capitalize on key North American construction market trends, including infrastructure modernization, onshoring of manufacturing, data center growth, and housing demand. The company's leadership emphasizes its growth-focused strategy to deliver superior financial performance including margin expansion and cash generation.
Recognizing potential market and operational risks, Amrize has detailed forward-looking statements highlighting uncertainties such as market volatility, regulatory changes, and integration challenges following its separation. The company's non-GAAP financial measures, including Adjusted EBITDA and free cash flow, provide insight into operational profitability and cash efficiency, with reconciliations available in regulatory filings. This corporate move reflects strategic realignment to enhance focus on North American markets and specialized construction material solutions, with implications for stakeholders in construction-related insurance underwriting and risk management due to shifts in market dynamics and supply chain structuring.