CRH (CRH) Q3 2025 TU earnings summary

Executive summary

• Achieved record Q3 2025 results with revenues of $11.1 billion, Adjusted EBITDA up 10% to $2.7 billion, and net income up 9% to $1.5 billion, driven by strong demand, pricing momentum, and acquisitions.

• Raised the midpoint of full-year adjusted EBITDA guidance to $7.65 billion, reflecting 10% year-over-year growth and another record year.

• Completed 27 acquisitions year-to-date, investing $3.5 billion, and returned $1.8 billion to shareholders via dividends and buybacks.

• Strategy and connected portfolio expected to deliver continued growth, supported by megatrends in infrastructure, transportation, water, and reindustrialization.

Financial highlights

• Q3 2025 revenues reached $11.1 billion, up 5% year-over-year; Adjusted EBITDA was $2.7 billion, up 10%; Adjusted EBITDA margin improved by 100bps to 24.3%; Diluted EPS rose 12% to $2.21.

• Net income for Q3 2025 was $1.52 billion, up from $1.39 billion in Q3 2024; net income margin increased to 13.7%.

• Declared a quarterly dividend of $0.37 per share, a 6% increase year-over-year.

• Year-to-date, $6.5 billion deployed in growth investments and shareholder returns, including $1.2 billion in growth capex, $0.7 billion in dividends, and $1.1 billion in share repurchases.

Outlook and guidance

• Full-year 2025 adjusted EBITDA expected between $7.6–$7.7 billion, net income $3.8–$3.9 billion, and diluted EPS $5.49–$5.72.

• 2026 outlook remains positive, supported by public infrastructure investment, robust backlogs, and resilient repair/remodel activity.

• Capital expenditure guidance for 2025 set at $2.7–$2.8 billion.

• M&A expected to contribute roughly $200 million incremental EBITDA in 2026.