10-QPeriod: Q2 FY2026

CRH PUBLIC LTD CO Quarterly Report for Q2 Ended Jun 30, 2026

Filed July 30, 2026For Securities:CRH

Summary

CRH Public Ltd Co reported a strong financial performance for the second quarter and first half of 2026, demonstrating growth in total revenues and net income compared to the prior year. The company's strategic focus on infrastructure modernization and building materials continues to drive results, supported by significant investments in acquisitions and a robust portfolio management strategy. The acquisition of Arcosa, a major U.S. infrastructure materials provider, is a key development expected to close in early 2027 and will significantly expand CRH's footprint and capabilities. Despite facing cost inflation in energy and labor, CRH has maintained healthy margins and delivered substantial Adjusted EBITDA. The company also actively manages its capital through share buybacks and dividends, returning value to shareholders. Divestitures of non-core businesses have streamlined operations and contributed to a positive financial outlook, with management anticipating continued demand driven by infrastructure spending and reindustrialization.

Key Highlights

  • 1Total revenues increased by 6% to $10.8 billion for Q2 2026 and by 7% to $18.1 billion for the six months ended June 30, 2026.
  • 2Net income rose to $1.5 billion in Q2 2026 and $1.3 billion for the six months ended June 30, 2026, representing increases of 13% and 8% respectively.
  • 3Adjusted EBITDA reached $2.6 billion for Q2 2026 and $3.2 billion for the first six months, up 7% and 9% year-over-year, respectively.
  • 4The company announced a significant agreement to acquire Arcosa for approximately $8.5 billion, expected to close in Q1 2027.
  • 5CRH completed 16 acquisitions totaling $1.2 billion in the first six months of 2026, a substantial increase from $0.7 billion in the prior year.
  • 6The company realized $1.8 billion in cash proceeds from divestitures of non-core businesses during the first six months of 2026.
  • 7Diluted EPS increased to $2.21 in Q2 2026 and $1.93 for the first six months, up from $1.94 and $1.78 respectively in the prior year.

Frequently Asked Questions

CRH's primary strategic initiative is to acquire and integrate companies that strengthen its position in the building materials and infrastructure sectors. A significant part of this strategy is the pending acquisition of Arcosa, a major U.S. provider of infrastructure-related materials, which is expected to close in the first quarter of 2027 and represents a substantial investment.

CRH divested of non-core businesses, including construction accessories and lawn and garden operations, realizing $1.8 billion in cash proceeds during the first six months of 2026. These divestitures contributed to a stronger financial position and allowed the company to focus on its core building materials and infrastructure segments, while also slightly increasing the effective tax rate due to the nature of the gains.

CRH anticipates favorable underlying demand across its key end-markets, driven by public investment in infrastructure and ongoing reindustrialization activities. The company expects resilient repair and remodel activity in the residential sector, though new-build segments may remain subdued. CRH's strategy, portfolio, strong balance sheet, and market positions are expected to support continued growth and value creation.

CRH's total debt was $17.9 billion as of June 30, 2026. The company has secured bridge and term loan facilities totaling $5.8 billion and $2.5 billion, respectively, to partially finance the Arcosa acquisition. While this will increase leverage, CRH maintains a flexible balance sheet and expects its existing liquidity sources and access to capital markets to manage its debt obligations and fund ongoing operations and strategic investments.