Northbridge Materials Reports Second-Quarter 2026 Results and Raises Full-Year Guidance

Northbridge Materials Corporation (NYSE: NBMC) today reported results for the second quarter ended June 30, 2026.

In millions, except per share	Current quarter	Prior year	Change
Total revenues	$1,143.8	$1,061.2	+7.8%
Gross profit	$341.6	$284.1	+20.2%
Net earnings attributable to Northbridge	$186.3	$148.9	+25.1%
Diluted earnings per share	$3.07	$2.42	+26.9%
Adjusted EBITDA	$348.7	$296.4	+17.6%

Management commentary

“Pricing discipline in aggregates and a materially better cement position carried the quarter,” said Rowan T. Kessler, Chair, President and Chief Executive Officer. “Shipments were roughly flat against a wet April across the Mid-Atlantic, and we still expanded gross margin by 310 basis points. Public infrastructure lettings in our footprint remain the most visible part of our demand picture heading into 2027.”

Segment results

• Aggregates. Revenues of $612.4 million rose 8.1%, with average selling price per ton up 9.4% to $21.86 and shipments down 1.2% to 28.0 million tons.
• Cement. Revenues of $287.9 million rose 11.3% on a 6.8% price increase and 94% kiln utilisation across the Keystone and Chesapeake plants.
• Ready-mixed concrete. Revenues of $243.5 million rose 3.4%; margin improved 180 basis points as the Richmond and Norfolk markets absorbed the January price increase.

Capital allocation

The Company repurchased 412,000 shares for $78.4 million during the quarter and ended the period with $296.1 million of cash and a net leverage ratio of 1.71 times trailing twelve-month adjusted EBITDA. The Board declared a quarterly cash dividend of $0.84 per share, payable September 15, 2026 to shareholders of record on September 1, 2026.

Outlook

Northbridge now expects full-year 2026 adjusted EBITDA of $1.29 billion to $1.34 billion, up from the prior range of $1.24 billion to $1.31 billion, and capital expenditures of $415 million to $440 million.