CRH reports first quarter 2026 results

CRH reported first quarter 2026 financial results. Total revenues of US$7.4 billion (Q1 2025: $6.8 billion) were 9% ahead of the prior year driven by positive underlying demand, disciplined commercial execution, and contributions from acquisitions. Net loss of (US$0.2) billion (Q1 2025: (US$0.1) billion) was higher than the prior year, driven by higher depreciation and impairment charges as well as increased interest expense, net. Adjusted EBITDA* of US$0.6 billion (Q1 2025: US$0.5 billion) increased by 18% over the prior year, reflecting strong operational discipline and contributions from acquisitions. CRH’s net loss margin of (2.4%) was below the prior year net loss margin of (1.5%), while Adjusted EBITDA margin* of 8.0% (Q1 2025: 7.3%) was ahead of the prior year.

Jim Mintern, Chief Executive Officer, stated “We delivered a strong start to 2026, reflecting good momentum from early-season project activity, disciplined commercial execution and positive contributions from acquisitions. During the quarter, we continued our active portfolio management, reallocating capital into higher-growth, more connected businesses. Notwithstanding the current geopolitical and macroeconomic uncertainty, we are encouraged by the continued strength of underlying demand across our key markets. The outlook for our business remains positive and backed by our superior strategy and connected portfolio we are pleased to reaffirm our financial guidance for 2026, leaving us well positioned for another year of growth and value creation ahead.”

Three months ended March 31, 2026

Americas Materials Solutions' Total revenues were 21% ahead of the first quarter of 2025, driven by strong underlying demand and contributions from acquisitions. Adjusted EBITDA increased by 75% year-over-year, reflecting good commercial execution, disciplined cost management and contributions from acquisitions.

Americas Building Solutions' Total revenues were 1% behind the first quarter of 2025, driven by subdued new-build residential demand and adverse weather conditions, partly offset by contributions from acquisitions. Adjusted EBITDA was in line with the prior year, supported by strong cost control, performance improvement initiatives and contributions from acquisitions.

International Solutions' Total revenues were 5% ahead of the first quarter of 2025, as contributions from acquisitions, positive pricing momentum, and currency tailwinds more than offset weather-impacted volumes and the impact of divestitures. Adjusted EBITDA was 32% ahead of the prior year, driven by operational efficiencies and portfolio optimisation.

Acquisitions and divestitures

CRH has a proven track record of allocating capital into high-growth connected opportunities that maximise value for shareholders. In the first quarter of 2026, CRH completed five value-accretive acquisitions for total consideration of US$0.1 billion, compared with US$0.6 billion in the same period of 2025. A further three acquisitions were completed in April for total consideration of US$0.1 billion. Cash proceeds from divestitures and disposals of long-lived assets were US$34 million, compared with US$107 million in the first quarter of 2025.

CRH has entered into an agreement to acquire Axius Water, a leading provider of specialised water quality solutions in North America, for a consideration of US$0.7 billion, with the transaction expected to close in the second quarter of 2026, subject to customary closing conditions and regulatory approvals. This acquisition is expected to strengthen CRH’s position as a leading water infrastructure player in the United States.

CRH has also agreed to divest of three non-core businesses: its construction accessories operations for a consideration of US$0.7 billion, its lawn and garden operations for a consideration of US$1.1 billion, and MoistureShield, a manufacturer of composite decking for a consideration of $0.1 billion. The MoistureShield transaction closed on April 6, while the construction accessories and lawn and garden transactions are expected to close in the second quarter of 2026, subject to customary closing conditions and regulatory approvals.

Read the article online at: https://www.worldcement.com/europe-cis/01052026/crh-reports-first-quarter-2026-results/