CRH’s second quarter revenues up on pricing and demand

Building materials giant CRH has reported higher revenues and income for the second quarter of 2026 as it reaffirmed its full year guidance.

Irish headquartered but US-listed CRH said its revenues for the three months to the end of June rose by 6% to $10.8 billion on the back of positive pricing momentum, good underlying demand and contributions from acquisitions.

CRH’s net income grew by 13% to 1.5 billion, while its adjusted EBITDA was up 7% to $2.6 billion and its diluted earnings per share jumped 14% to $2.21.

Jim Mintern, CRH’s chief executive, said the company delivered a strong second quarter performance driven by good commercial execution, favourable 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,” the CEO said.

“We remain focused on active portfolio management, completing three non-core divestitures, while reallocating capital into higher-growth, connected businesses,” Mr Mintern said.

“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,” he added.

The company said it completed 11 value-accretive acquisitions for a total consideration of $1.1 billion in the three month period.

Its Americas Materials Solutions completed five acquisitions, Americas Building Solutions completed two deals and International Solutions completed four.

It noted that the largest deal, which completed in May, was the acquisition of Axius Water for a total consideration of $0.7 billion.

In June, the company also announced a deal for Arcosa, a US provider of infrastructure-related materials, products and solutions, headquartered in Dallas in Texas, for about $8.5 billion.

CRH said the deal reinforces its position as the leader in US aggregates, expands its capabilities in US energy infrastructure, and increases exposure to some of the fastest-growing Metropolitan Statistical Areas in the US.

CRH also realised proceeds from divestitures and disposals of long-lived assets of $1.7 billion, net of disposal costs and deferred proceeds in the second quarter.

Looking ahead, CRH said it is expecting favourable underlying demand across its end-markets, underpinned by significant public investment in infrastructure and continued reindustrialisation activity.

It said it is anticipating resilient repair and remodel activity within the residential sector, while the new-build segment is expected to remain subdued.

“Assuming normal seasonal weather patterns and absent any further major dislocations in the geopolitical or macroeconomic environment, CRH’s superior strategy, connected portfolio and leading positions of scale in attractive high-growth markets, together with our strong and flexible balance sheet, are expected to underpin another year of growth and value creation in 2026,” it stated.