North American Building Materials Stocks Lose $2.8 Trillion Overnight, Tonight's Earnings Report is a Turning Point

Amrize AG (AMRZ), listed on the New York Stock Exchange, plunged 7.27% intraday on the 29th, trading at $53.29. Its market capitalization fell to roughly $29.4 billion (about ₩41 trillion), erasing around $2 billion (₩2.8 trillion) in a single day, while trading volume exceeded 2.29 million shares.

According to an investment research firm, Amrize is set to announce its first-quarter results after the market close, and on Wall Street, analysts are forecasting a $0.13 per-share loss on approximately $2.13 billion in revenue—reflecting an expected seasonal slowdown. In February, the company reported full-year 2025 results—$11.8 billion in revenue and $1.2 billion in net income—and issued guidance for double-digit EBITDA growth in 2026. Institutional investors, including the Arizona Public Employees Retirement System, have recently acquired new stakes, underscoring continued optimism for long-term infrastructure benefits.

Amrize was created in 2025 when Switzerland’s Holcim spun off its North American division into a standalone construction materials company. Focusing on building-envelope solutions—cement, aggregates, roofing, and insulation—it derives 77% of sales from the U.S. and 23% from Canada. Headquartered in Zug, Switzerland, its inclusion in the Swiss SMI index alongside its New York listing has positioned Amrize on the radar of global institutional investors as a key beneficiary of North American infrastructure investment.