CRH Q2 Earnings Call Highlights

CRH Q2 Earnings Call Highlights

CRH NYSE: CRH reported record second-quarter results for 2026, with revenue, adjusted EBITDA, margins and diluted earnings per share rising from the prior-year period. The building materials company reaffirmed its full-year guidance, citing resilient infrastructure demand, pricing momentum and contributions from acquisitions despite weather disruptions, inflationary costs and macroeconomic uncertainty. Second-quarter revenue totaled $10.8 billion, up 6% year over year, while adjusted EBITDA increased 7% to more than $2.6 billion. Adjusted EBITDA margin expanded 30 basis points as the company emphasized commercial execution and cost discipline. Diluted EPS rose 14%, including a $0.16 net gain on divestitures during the period.

Chief Executive Officer Jim Mintern said the results reflected “favorable underlying demand, disciplined commercial execution, and contributions from acquisitions.” He said CRH was maintaining its focus on portfolio management and investments in its aggregates, cementitious materials, roads and water businesses. Materials business leads quarterly growth Americas Materials Solutions delivered the strongest operating performance among CRH’s business segments. Revenue rose 10% and adjusted EBITDA increased 12% from the prior year, supported by underlying demand, pricing and acquired businesses. Segment margins expanded 40 basis points despite inflationary costs. Within Essential Materials, revenue increased 20%. Aggregates volume grew 2% and pricing rose 5%, while cement volume declined 2% because of adverse weather in certain markets. Cement pricing fell 1%, reflecting regional differences across the company’s operating footprint. Chief Operating Officer Randy Lake said Eco Material, an acquired supplier of supplementary cementitious materials, was performing well. Road Solutions revenue increased 6%, driven by higher asphalt volumes and prices and increased paving activity. Lake said bidding activity and backlog trends remained positive, with transportation and water infrastructure supported by state and federal funding. He also cited major manufacturing and data-center projects as contributors to reindustrialization demand. Americas Building Solutions faced a more difficult quarter. Revenue declined 2% and adjusted EBITDA fell 8%, reflecting recently completed divestitures, subdued U.S. new-build residential activity and elevated haulage rates. Mintern said residential repair and remodel demand remained resilient, while the company saw growth in data center, water and energy markets. CRH has implemented price surcharges and cost-reducti...