CRH (NYSE:CRH) Issues Earnings Results

CRH (NYSE:CRH) announced its earnings results on Thursday. The construction company reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.19, FiscalAI reports. CRH had a return on equity of 15.37% and a net margin of 9.65%.The company had revenue of $10.78 billion during the quarter, compared to the consensus estimate of $10.68 billion. During the same period last year, the firm earned $1.94 earnings per share. The company’s revenue was up 5.6% on a year-over-year basis. CRH updated its FY 2026 guidance to 5.600-6.050 EPS.

Here are the key takeaways from CRH’s conference call:

• Record Q2 performance: Revenue rose 6% to $10.8 billion, Adjusted EBITDA increased 7% to more than $2.6 billion, margins expanded by 30 basis points, and diluted EPS grew 14% year over year.
• CRH reaffirmed its 2026 guidance, including Adjusted EBITDA of $8.1 billion to $8.5 billion, supported by resilient infrastructure demand, positive pricing, growing backlogs, and stronger reindustrialization activity such as data centers and advanced manufacturing.
• The planned $8.5 billion Arcosa acquisition is expected to add 35 million tons of annual aggregates production and generate approximately $175 million in run-rate cost synergies by year three; closing is expected in the first quarter of 2027.
• Americas Building Solutions EBITDA declined 8% as divestitures, subdued U.S. new-build residential demand, and higher haulage costs weighed on results, while the company paused its share buyback program following the Arcosa agreement.

CRH Price Performance

NYSE:CRH traded down $0.63 during midday trading on Friday, reaching $95.37. 3,330,973 shares of the company traded hands, compared to its average volume of 4,912,351. CRH has a twelve month low of $93.58 and a twelve month high of $131.55. The firm has a market capitalization of $63.73 billion, a price-to-earnings ratio of 17.68, a price-to-earnings-growth ratio of 1.72 and a beta of 1.32. The company has a fifty day moving average price of $105.36 and a 200 day moving average price of $111.47.

CRH Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Friday, August 14th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.56 annualized dividend and a dividend yield of 1.6%. CRH’s dividend payout ratio (DPR) is 28.89%.

Key Stories Impacting CRH

Here are the key news stories impacting CRH this week:

• Positive Sentiment: Second-quarter earnings and revenue exceeded expectations. CRH reported EPS of $2.21 versus the $2.02 consensus estimate, while revenue reached $10.78 billion compared with expectations of $10.68 billion. Revenue increased 5.6% year over year to approximately $10.8 billion, and net income rose 13% to $1.5 billion. CRH Reports Second Quarter 2026 Results
• Positive Sentiment: Pricing, demand and acquisitions drove growth. Management cited positive pricing momentum, solid underlying demand and contributions from acquisitions, particularly in infrastructure-related markets. These trends helped offset weaker residential activity in some businesses. CRH Stock Up on Q2 Earnings and Revenue Beat
• Positive Sentiment: Acquisition strategy could add longer-term value. CRH is advancing its Arcosa transaction and is targeting approximately $175 million in synergies. The company also outlined 2026 adjusted EBITDA guidance of $8.1 billion to $8.5 billion. CRH 2026 EBITDA Outlook and Arcosa Deal
• Neutral Sentiment: Truist remains bullish but reduced its target. Truist Financial lowered its price target from $140 to $130 while retaining a “buy” rating. The revised target still implies roughly 35% upside from the referenced $95.98 share price, but the reduction signals more cautious near-term valuation expectations. Truist Price Target Update
• Negative Sentiment: Full-year EPS guidance leaves limited room for upside surprises. CRH projected FY 2026 EPS of $5.60 to $6.05, with a midpoint below the approximately $5.95 analyst consensus. Subdued residential demand and the execution risk associated with the Arcosa deal remain potential headwinds.

Hedge Funds Weigh In On CRH

Several hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp grew its position in shares of CRH by 81.3% during the fourth quarter. State Street Corp now owns 24,895,205 shares of the construction company’s stock worth $3,106,927,000 after acquiring an additional 11,167,189 shares during the last quarter. Boston Partners lifted its position in CRH by 1.7% in the 3rd quarter. Boston Partners now owns 9,816,938 shares of the construction company’s stock valued at $1,176,530,000 after purchasing an additional 162,110 shares during the last quarter. Morgan Stanley lifted its position in CRH by 13.7% in the 4th quarter. Morgan Stanley now owns 9,742,448 shares of the construction company’s stock valued at $1,215,858,000 after purchasing an additional 1,177,283 shares during the last quarter. Invesco Ltd. boosted its stake in CRH by 5.9% during the 4th quarter. Invesco Ltd. now owns 7,889,452 shares of the construction company’s stock valued at $984,604,000 after purchasing an additional 440,065 shares during the period. Finally, Northern Trust Corp boosted its stake in CRH by 33.4% during the 4th quarter. Northern Trust Corp now owns 5,566,178 shares of the construction company’s stock valued at $694,659,000 after purchasing an additional 1,392,573 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Wells Fargo & Company reduced their price target on CRH from $135.00 to $132.00 and set an “overweight” rating for the company in a report on Wednesday, July 8th. Jefferies Financial Group upped their target price on CRH from $149.00 to $165.60 and gave the company a “buy” rating in a research report on Friday, June 26th. Truist Financial reduced their target price on CRH from $140.00 to $130.00 and set a “buy” rating for the company in a research note on Friday. Sanford C. Bernstein reissued an “outperform” rating on shares of CRH in a research report on Tuesday, June 23rd. Finally, Morgan Stanley restated an “overweight” rating and issued a $139.00 price target on shares of CRH in a research note on Wednesday, April 15th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, CRH currently has an average rating of “Buy” and a consensus target price of $139.44.

CRH Company Profile

CRH plc, originally formed as Cement Roadstone Holdings in 1970 and headquartered in Dublin, Ireland, is a global building materials group. The company has grown from its Irish roots into one of the largest international suppliers of construction materials, expanding primarily through acquisitions and regional business development. CRH operates an integrated network of manufacturing and distribution businesses that serve both public and private construction markets.

CRH’s core activities include the production and distribution of aggregates, cement, asphalt, ready-mixed concrete and other bulk materials, together with a broad range of value-added building products such as precast concrete, masonry, bricks, roofing products, pipe and drainage systems, and construction accessories.