How did CRH perform in the third quarter of 2025?

CRH delivered revenue of $11.1 billion (+5% YoY), net income of $1.5 billion (+9%), and Adjusted EBITDA of $2.7 billion (+10%). Margins improved, with net income margin at 13.7% and Adjusted EBITDA margin at 24.3%, driven by pricing, acquisitions and efficiencies.

Did CRH change its 2025 guidance?

Net income guidance of $3.8–$3.9 billion and diluted EPS guidance of $5.49–$5.72 were reaffirmed. The Adjusted EBITDA midpoint was raised to about $7.65 billion from $7.6 billion (range $7.6–$7.7 billion). Capital expenditure guidance was narrowed lower to $2.7–$2.8 billion.

Is CRH's debt load increasing, and does it affect the dividend or buybacks?

Yes. Net debt rose to $15.0 billion from $10.5 billion at year-end 2024 because of acquisitions, buybacks, dividends and capex. Management says it remains committed to a BBB+ or equivalent rating and continues returning cash, with the $0.37 quarterly dividend and a further $0.3 billion buyback tranche.

What is the dividend and when will it be paid?

CRH declared a quarterly dividend of $0.37 per share, a 6% increase year-over-year. The record and ex-dividend date is November 21, 2025, and payment is scheduled for December 17, 2025. Currency election deadlines differ by holder type.

What drove CRH's growth and what is the outlook for 2026?

Growth came from favorable demand, positive pricing momentum, acquisitions and operational efficiencies. For 2026, management expects favorable underlying demand supported by public infrastructure investment and reindustrialization, with subdued new-build residential activity and resilient repair and remodel demand, assuming normal weather and no major macroeconomic disruption.

CRH 8-K: Earnings & Results

01—Abstract

Summary

Summary of the 8-K filed November 5, 2025. Cited figures are marked; the original filing is the authoritative source.

CRH reported a strong third quarter 2025, with total revenues of $11.1 billion^a (+5% year-over-year), net income of $1.5 billion (+9%), and Adjusted EBITDA of $2.7 billion (+10%).

Net income margin expanded 50 basis points to 13.7% and Adjusted EBITDA margin rose 100 basis points to 24.3%. Diluted EPS was $2.21^b, up 12%. Growth was driven by favorable underlying demand, positive pricing, acquisition contributions and operational efficiencies.

Nine acquisitions were completed in the quarter for $2.5 billion^c, bringing year-to-date acquisitions to 27 and $3.5 billion invested. The company reaffirmed its 2025 net income guidance of $3.8–$3.9 billion and raised the midpoint of Adjusted EBITDA guidance to roughly $7.65 billion (range $7.6–$7.7 billion, up from $7.5–$7.7 billion). Capital expenditure guidance was lowered to $2.7–$2.8 billion from $2.8–$3.0 billion.

Management described a positive 2026 outlook, citing public infrastructure investment and reindustrialization, while noting that new-build residential activity is expected to remain subdued. Balance sheet leverage increased meaningfully. Net debt rose to $15.0 billion^d at September 30, 2025, from $10.5 billion at year-end 2024, reflecting acquisitions, buybacks, dividends and capital expenditure.

Total debt reached $18.7 billion. CRH returned $1.1 billion to shareholders year-to-date, started an additional $0.3 billion buyback tranche, and declared a quarterly dividend of $0.37 per share (up 6% year-over-year), payable December 17, 2025.

02—Key points

Key Highlights

Q3 2025 total revenues of $11.1bn (+5% YoY) and net income of $1.5bn (+9% YoY); diluted EPS of $2.21 (+12%).
Adjusted EBITDA of $2.7bn (+10% YoY), with Adjusted EBITDA margin expanding 100 bps to 24.3% and net income margin up 50 bps to 13.7%.
2025 net income guidance reaffirmed at $3.8–$3.9bn; Adjusted EBITDA guidance midpoint raised to about $7.65bn; capex guidance lowered to $2.7–$2.8bn.
Nine acquisitions closed in Q3 for $2.5bn; 27 acquisitions and $3.5bn invested year-to-date, including Eco Material Technologies.
Net debt increased to $15.0bn from $10.5bn at December 31, 2024, while total debt reached $18.7bn; CRH reiterated its BBB+ investment-grade target.
Shareholder returns: $1.1bn returned year-to-date, an additional $0.3bn buyback tranche commenced (completion by February 17, 2026), and a $0.37 quarterly dividend declared (+6% YoY).
Management outlook for 2026 is positive on infrastructure and reindustrialization demand, with new-build residential expected to stay subdued and repair and remodel resilient.

03—Questions

Frequently Asked Questions

How did CRH perform in the third quarter of 2025?
CRH delivered revenue of $11.1 billion (+5% YoY), net income of $1.5 billion (+9%), and Adjusted EBITDA of $2.7 billion (+10%). Margins improved, with net income margin at 13.7% and Adjusted EBITDA margin at 24.3%, driven by pricing, acquisitions and efficiencies.
Did CRH change its 2025 guidance?
Net income guidance of $3.8–$3.9 billion and diluted EPS guidance of $5.49–$5.72 were reaffirmed. The Adjusted EBITDA midpoint was raised to about $7.65 billion from $7.6 billion (range $7.6–$7.7 billion). Capital expenditure guidance was narrowed lower to $2.7–$2.8 billion.
Is CRH's debt load increasing, and does it affect the dividend or buybacks?
Yes. Net debt rose to $15.0 billion from $10.5 billion at year-end 2024 because of acquisitions, buybacks, dividends and capex. Management says it remains committed to a BBB+ or equivalent rating and continues returning cash, with the $0.37 quarterly dividend and a further $0.3 billion buyback tranche.
What is the dividend and when will it be paid?
CRH declared a quarterly dividend of $0.37 per share, a 6% increase year-over-year. The record and ex-dividend date is November 21, 2025, and payment is scheduled for December 17, 2025. Currency election deadlines differ by holder type.
What drove CRH's growth and what is the outlook for 2026?
Growth came from favorable demand, positive pricing momentum, acquisitions and operational efficiencies. For 2026, management expects favorable underlying demand supported by public infrastructure investment and reindustrialization, with subdued new-build residential activity and resilient repair and remodel demand, assuming normal weather and no major macroeconomic disruption.

04—Continue

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