CRH reports second quarter 2026 results

CRH, the leading provider of building materials, today reported second quarter 2026 financial results. Total revenues of US$10.8 billion (Q2 2025: US$10.2 billion) were 6% ahead of the prior year driven by positive pricing momentum, good underlying demand, and contributions from acquisitions. Net income of US$1.5 billion (Q2 2025: US$1.3 billion) was 13% higher than the prior year, driven by strong operating performance and gains on divestitures during the period. Adjusted EBITDA* of US$2.6 billion (Q2 2025: US$2.5 billion) increased by 7% over the prior year, reflecting disciplined commercial execution, strong performance improvement initiatives and contributions from acquisitions. CRH’s net income margin of 14% (Q2 2025: 13.1%) and Adjusted EBITDA margin* of 24.4% (Q2 2025: 24.1%) were both ahead of the prior year.

Jim Mintern, Chief Executive Officer, stated “We delivered a strong Q2 performance driven by good commercial execution, favorable underlying demand and further contributions from acquisitions. Our unmatched scale, connected portfolio, and leading performance supported higher profits and margin expansion against an inflationary cost backdrop. We remain focused on active portfolio management, completing three non-core divestitures, while reallocating capital into higher-growth, connected businesses. Backed by our robust balance sheet and financial capacity, we agreed the US$8.5 billion acquisition of Arcosa, which will reinforce our position as the leading aggregates and critical infrastructure player in North America. Notwithstanding current geopolitical and macroeconomic uncertainties, we remain encouraged by the underlying demand across our key markets and are pleased to reaffirm our guidance for 2026 Net income, Adjusted EBITDA* and Diluted EPS, leaving us well positioned to deliver another year of growth and value creation.”

Three months ended June 30, 2026

Americas Materials Solutions' Total revenues were 10% ahead of the second quarter of 2025, driven by positive pricing momentum and contributions from acquisitions. Adjusted EBITDA increased by 12% year-over-year, reflecting disciplined cost management and contributions from acquisitions.

Americas Building Solutions' Total revenues decreased 2% compared to the second quarter of 2025 as the impact of divestitures and subdued residential demand offset strong performance in the energy and data infrastructure markets, supported by higher data center activity. Adjusted EBITDA declined 8% year-over-year, driven by divestitures, subdued residential demand and cost inflation, partly offset by strong demand in our utility infrastructure markets and performance improvement initiatives.

International Solutions' Total revenues were 5% ahead of the second quarter of 2025, as positive pricing momentum, increased activity levels in certain markets and contributions from acquisitions more than offset the impact of divestitures. Adjusted EBITDA was 8% ahead of the prior year quarter, reflecting disciplined commercial execution and operational excellence initiatives more than offsetting higher costs.

Acquisitions and divestitures

CRH continued its proven track record of allocating capital into high-growth, connected businesses that maximize value for shareholders. In the three months ended June 30, 2026, CRH completed 11 value-accretive acquisitions for a total consideration of US$1.1 billion. Americas Materials Solutions completed five acquisitions, Americas Building Solutions completed two acquisitions and International Solutions completed four acquisitions. The largest acquisition, which completed on May 29, 2026, was the acquisition of Axius Water for a total consideration of US$0.7 billion. Axius Water is a leading provider of specialised water quality solutions in North America.

On June 22, 2026, the Company announced a definitive agreement to acquire Arcosa, Inc. (‘Arcosa’), a leading US provider of infrastructure-related materials, products and solutions, headquartered in Dallas, Texas, in an all-cash transaction for US$150 per share reflecting a total enterprise value of approximately US$8.5 billion. Arcosa is highly complementary to CRH, advancing the Company’s connected portfolio strategy. The transaction reinforces CRH’s position as the leader in US aggregates, expands our capabilities in US energy infrastructure, and increases exposure to some of the fastest-growing Metropolitan Statistical Areas in the US. The acquisition is expected to close in Q1 2027 subject to approval of Arcosa’s stockholders, regulatory approvals, and other customary closing conditions.

In the three months ended June 30, 2026, CRH also realised proceeds from divestitures and disposals of long-lived assets of US$1.7 billion, net of disposal costs and deferred proceeds. These primarily comprised the divestiture of three non-core businesses: CRH's construction accessories operations for US$0.7 billion, lawn and garden operations for $1.1 billion, and MoistureShield, a manufacturer of composite decking for US$0.1 billion.

Read the article online at: https://www.worldcement.com/europe-cis/03082026/crh-reports-second-quarter-2026-results/