CRH Reports Q3 2026 Results, Cuts FY26 Guidance, and Authorizes $6B Share Buyback

Executive Summary

On October 29, 2026, CRH public limited company (NYSE: CRH) filed a Current Report on Form 8-K under Item 2.02 (Results of Operations and Financial Condition) disclosing its financial results for the third quarter ended September 30, 2026, and revising its full-year 2026 outlook.

Key Financial Highlights

• Q3 2026 Revenue: $11.4 billion, up 3% year-over-year compared to $11.1 billion in Q3 2025, supported by positive pricing momentum and contributions from acquisitions.
• Q3 2026 Net Income: $1.2 billion, declining 22% year-over-year from $1.5 billion, impacted by $178 million in impairment charges in the Philippines reporting unit, higher income tax expense, and transformation costs.
• Q3 2026 Adjusted EBITDA: $2.7 billion, flat compared to Q3 2025; Adjusted EBITDA margin contracted 80 bps to 23.5%.
• Diluted EPS: $1.86 vs. $2.21 in Q3 2025 (-16%); Diluted EPS pre-impairment was $2.09 vs. $2.27 (-8%).

Guidance Revisions

CRH lowered its full-year 2026 outlook citing a challenging cost environment, persistent cost inflation, and subdued residential activity, while incorporating the earlier-than-expected close of Arcosa:

• Net Income: Revised downward to $3.1B – $3.3B (previously $3.9B – $4.1B).
• Adjusted EBITDA: Revised downward to $7.8B – $8.0B (previously $8.1B – $8.5B).
• Diluted EPS: Revised downward to $4.63 – $4.85 (previously $5.60 – $6.05).
• Capital Expenditure: Expected at $2.6B – $2.8B (previously $2.7B – $2.9B).

Major Strategic Announcements

1. $6 Billion Share Repurchase Program: The Board authorized a new buyback authorization of up to $6.0 billion expiring at the end of 2030.
2. Arcosa Acquisition Completed: On October 23, 2026, CRH finalized the acquisition of Arcosa, Inc. for an enterprise value of approximately $8.5 billion ($150.00/share in cash), funded via term loans, bridge facilities, and cash on hand.
3. Operating Model Transformation ('Velocity'): Launched a multi-year program aiming to generate ~$400 million in annual run-rate cost benefits by end of 2028, with estimated non-routine restructuring costs of ~$400 million ($49 million recognized through Q3).
4. Dividend Increase: Declared a quarterly dividend of $0.39 per share, up 5% year-over-year, payable December 9, 2026.