CRH (CRH) Q2 2026 earnings summary

Executive summary

• Achieved record Q2 2026 results with revenues of $10.8 billion, up 6% year-over-year, driven by strong demand, positive pricing, disciplined execution, and contributions from acquisitions.

• Net income rose 13% to $1.5 billion, supported by operating performance and divestiture gains.

• Completed 17 acquisitions YTD ($1.4 billion), including a definitive agreement to acquire Arcosa for $8.5 billion, reinforcing North American aggregates and infrastructure leadership.

• Executed major divestitures totaling $1.9 billion, reallocating capital to higher-growth businesses.

• Maintained active capital allocation with increased dividends and paused share buybacks post-Arcosa announcement.

Financial highlights

• Q2 revenues reached $10.8 billion (+6% YoY); Adjusted EBITDA $2.63 billion (+7% YoY); net income $1.5 billion (+13% YoY); diluted EPS $2.21 (+14% YoY).

• Adjusted EBITDA margin improved to 24.4% (+30bps YoY); net income margin 14.0% (+90bps YoY).

• Depreciation, depletion, and amortization charges increased to $548 million due to acquisitions.

• Interest expense rose to $220 million from higher gross debt; interest income declined to $22 million.

• Other nonoperating income was $282 million, mainly from divestiture gains.

Outlook and guidance

• Reaffirmed FY26 guidance: Adjusted EBITDA $8.1–$8.5 billion, net income $3.9–$4.1 billion, diluted EPS $5.60–$6.05.

• Capital expenditure guidance updated to $2.7–$2.9 billion for 2026.

• Positive demand outlook, especially in infrastructure and reindustrialization, with strong backlogs and bidding activity.

• Expects continued margin expansion and robust performance into 2027.

• 2030 targets: 7–9% annual revenue growth, Adjusted EBITDA margin 22–24%, and Adjusted FCF conversion >100%.