Highlights

  • Second quarter revenue rose 6% to $10.8 billion, and net income attributable to CRH reached $1.49 billion versus $1.32 billion.
  • Diluted earnings per share reached $2.21 against $1.94, including a gain on the sale of lawn and garden operations.
  • Americas Building Solutions revenue fell 2% and adjusted EBITDA, a non-GAAP measure, fell 8% on divestitures and subdued residential demand.
  • CRH agreed on June 22 to buy Arcosa for $150 per share in cash, an enterprise value near $8.5 billion.

CRH (NYSE:CRH) shares were trading near their 52-week low at USD 85.58 on October 21, 2026, up 0.42%. The building materials group filed its second quarter 2026 report on July 30, after announcing an agreement to acquire Arcosa on June 22 and completing the divestiture of its lawn and garden business.

Headquartered in Dublin, Ireland, CRH is an Irish public limited company. It describes itself as the leading provider of building materials critical to modernizing infrastructure, operating in 25 countries across North America, Europe and Australia. It reports three segments: Americas Materials Solutions, covering aggregates, cementitious materials, readymixed concrete, asphalt and paving; Americas Building Solutions, which makes and supplies building products; and International Solutions, which serves Europe and Australia.

Second Quarter Results and Segment Picture

For the quarter ended June 30, 2026, total revenues were $10.78 billion, up from $10.21 billion a year earlier. Gross profit rose 7% to $4.29 billion, and operating income climbed to $2.08 billion from $1.94 billion. Net income was $1.51 billion against $1.33 billion. Adjusted EBITDA, a non-GAAP measure, grew 7% to $2.63 billion.

Below the operating line, the picture was more mixed. Other nonoperating income of $282 million was mainly the gain on selling the lawn and garden operations, and the effective tax rate rose to 31% from 24%, which the company tied to divestitures. For six months, revenue was $18.15 billion, net income attributable to CRH was $1.31 billion and diluted EPS was $1.93 versus $1.78. That figure includes a $48 million goodwill impairment in International Solutions recorded in the first quarter; EPS before impairment, a non-GAAP measure, was $2.01.

Americas Materials Solutions led, with revenue up 10% to $4.96 billion and adjusted EBITDA up 12% to $1.38 billion. Aggregates volumes rose 2% and prices 5%, while cement volumes slipped 2% on weather and subdued residential demand. International Solutions revenue rose 5% to $3.70 billion with adjusted EBITDA up 8%. Americas Building Solutions was the soft spot: revenue slipped 2% to $2.12 billion and adjusted EBITDA fell 8% to $462 million, with the company citing divestitures, cost inflation and subdued residential demand, offset partly by data center and utility infrastructure demand.

Arcosa Agreement, Financing and Capital Returns

The Arcosa transaction is the largest item in the filing. CRH agreed to buy the Dallas-based infrastructure materials provider in an all-cash deal at $150 per share, an enterprise value of about $8.5 billion, and expects to close in the first quarter of 2027. Completion requires approval from Arcosa stockholders, regulatory clearances and other customary conditions.

To fund the deal, CRH signed a 364-day bridge facility of $5.8 billion on June 22. On July 17 it added a three-year $2.5 billion term loan, which cut the bridge commitment to $3.3 billion. Neither carries financial covenants, no amounts were drawn at June 30, and funding depends on the Arcosa closing conditions.

Cash and equivalents stood at $3.03 billion on June 30, down from $4.10 billion at year end, while short and long-term debt was $17.93 billion. Net debt, a non-GAAP measure, was $15.42 billion compared with $14.15 billion at December 31. Operating cash flow for six months was $513 million versus $719 million, which the company attributed to working capital outflows and tax payments tied to the divestitures. It completed 16 acquisitions for $1.2 billion in the period and received $1.8 billion from divestitures.

Buybacks totaled $0.6 billion in the six months, and a tranche finished on July 28, taking the year-to-date total to $0.7 billion. Because of the Arcosa agreement, CRH has not started a new tranche. A third quarterly dividend of $0.39 per share was announced on July 30.

Outlook for 2026

Management expects favorable underlying demand across key end markets, supported by public infrastructure investment and continued reindustrialization. It anticipates resilient repair and remodel activity in residential, with new-build remaining subdued. Assuming normal seasonal weather and no further major geopolitical or macroeconomic disruption, it expects another year of growth in 2026. The filing gives no numerical full-year guidance.