Amrize (AMRZ) Q2 FY25 earnings call

In its first quarter as a Holcim spinoff, Amrize navigated soft construction demand and weather disruption with disciplined pricing that kept margins near flat. Management frames the softness as a timing issue, not cancellations — pent-up infrastructure, onshoring and housing demand awaiting a rate-cut inflection they call a question of when, not if — while ASPIRE efficiency and bolt-on M&A ready the platform for the rebound.