CRH Beats Q2 Estimates and Announces $8.5 B Arcosa Acquisition
CRH plc (NYSE:CRH) posted second‑quarter 2026 results that exceeded analyst expectations. Adjusted earnings per share were $2.21, surpassing the consensus estimate of $2.03, while revenue reached $10.8 billion, ahead of the $10.67 billion forecast. Revenue grew 6% year‑over‑year from $10.2 billion in the comparable prior‑year quarter, driven by pricing momentum, underlying demand and contributions from recent acquisitions.
Net income increased 13% to $1.5 billion. Adjusted EBITDA rose 7% to $2.6 billion, and the adjusted EBITDA margin expanded by 30 basis points to 24.4%.
The company reaffirmed its full‑year 2026 guidance, projecting net income between $3.9 billion and $4.1 billion, adjusted EBITDA between $8.1 billion and $8.5 billion, and diluted EPS between $5.60 and $6.05. The midpoint of the EPS range, $5.83, is slightly below the analyst consensus of $5.93.
Segment performance showed the Americas Materials Solutions unit posting a 10% revenue increase to $5.0 billion, with adjusted EBITDA up 12% to $1.4 billion. Americas Building Solutions revenue declined 2% to $2.1 billion, while International Solutions revenue grew 5% to $3.7 billion.
During the quarter CRH completed 11 acquisitions totaling $1.1 billion and announced an $8.5 billion agreement to acquire Arcosa, Inc., which is expected to close in the first quarter of 2027. The company also divested three non‑core businesses for $1.7 billion.
A quarterly dividend of $0.39 per share was declared, representing a 5% increase year‑over‑year. In pre‑market trading, CRH shares edged down 0.21% following the release.
"We delivered a strong Q2 performance driven by good commercial execution, favorable underlying demand and further contributions from acquisitions," said Jim Mintern, Chief Executive Officer.