CRH

CRH makes and sells building materials and products, mainly in North America. Americas Materials Solutions produces aggregates, cementitious materials, asphalt and concrete and builds roads. Americas Building Solutions makes products for infrastructure, such as energy, water and data center projects, and for homes. International Solutions has materials and products businesses outside North America.

Total revenues were $11.4 billion in Q3 2026. CRH is listed on the New York Stock Exchange and reports in U.S. dollars. On October 23, 2026, it completed the purchase of Arcosa, a U.S. aggregates and infrastructure products company, for an enterprise value of about $8.5 billion. Jim Mintern is CEO.

The market prices CRH for the risk of a slower U.S. construction market, for cost inflation and for the cost of its acquisitions. CRH completed the purchase of Arcosa for about $8.5 billion on October 23, 2026, with a term loan, a bridge facility and cash, and it invested a further $1.9 billion in 27 acquisitions in 2026 to date. On October 29, 2026, CRH cut its 2026 guidance to adjusted EBITDA of $7.8 billion to $8.0 billion because of cost inflation and weak residential demand, even with Arcosa in the fourth quarter. For the gap to close, three things must be true.

CRH must reach its new 2026 guidance and grow adjusted EBITDA in 2027, as it expects from its main end markets. Arcosa must deliver the planned $175 million of yearly cost synergies by year three, and Velocity must deliver about $400 million of yearly benefits by the end of 2028. Leverage must fall after the Arcosa purchase, so that CRH keeps a strong investment grade rating while it buys back shares. The FY 2026 report with the 2027 guidance, expected in early 2027, is the next test.

If these checks pass, the gap can close over the next four to six quarters. The main reason it may not close is a fall in U.S. construction spending or more cost inflation, which CRH cannot control.

1. Oct 23, 2026Passed

   Arcosa purchase closesThe deal closes in Q1 2027 on the agreed terms and leverage stays near 2.4 times pass; a delay, new conditions or a rating downgrade fail.Outcome: The deal closed on October 23, 2026, earlier than planned, on the agreed terms, and CRH said that it expects to keep a strong investment grade rating.
2. Oct 29, 2026Failed

   Q3 2026 earnings: guidance2026 guidance for adjusted EBITDA of $8.1 billion to $8.5 billion kept or raised pass; a guidance cut fails.Outcome: CRH cut its 2026 adjusted EBITDA guidance to $7.8 billion to $8.0 billion, although the new guidance includes Arcosa.
3. Jan 29, 2027 · est.Pending

   FY 2026 results and 2027 guidance2027 guidance for growth in adjusted EBITDA with Arcosa and lower leverage pass; guidance for flat or lower adjusted EBITDA fails.

Every passed and failed checkpoint across all picks

• November 9, 2026CRH sold $4.2 billion of guaranteed notes: $1.35 billion of 5.375% notes due 2032, $1.0 billion of 5.625% notes due 2034, $1.35 billion of 5.750% notes due 2037 and $500 million of 6.250% notes due 2057. It plans to use the money for tender offers for Arcosa's notes, to repay debt and for general corporate purposes.
• October 29, 2026CRH reported Q3 2026 results. Total revenues rose 3% to $11.4 billion, adjusted EBITDA was flat at $2.7 billion, and net income fell 22% to $1.2 billion, mainly because of a $178 million impairment in the Philippines. CRH cut its 2026 guidance to net income of $3.1 billion to $3.3 billion and adjusted EBITDA of $7.8 billion to $8.0 billion, from $3.9 billion to $4.1 billion and $8.1 billion to $8.5 billion. It gave cost inflation and a weaker residential market as reasons, and the new guidance includes Arcosa. The board approved a new share buyback of up to $6 billion to the end of 2030.
• October 29, 2026CRH started Velocity, a two-year program to simplify its operating model. It expects yearly run-rate benefits of about $400 million by the end of 2028 and one-time costs of about $400 million.

Last earnings

October 29, 2026 (8-K on sec.gov)

Next earnings

Expected about January 29, 2027. The company has not confirmed the date.

• 8-KOther company newsFiled November 9, 2026 · Read it on sec.gov
• 8-KOther company newsFiled November 4, 2026 · Read it on sec.gov
• 10-QQuarterly report for the period ended Sep 30, 2026Filed October 29, 2026 · crh-20260930
• 8-KEarnings releaseFiled October 29, 2026 · Press release and exhibits
• 8-KInvestor disclosureFiled October 23, 2026 · Read it on sec.gov
• 10-QQuarterly report for the period ended Jun 30, 2026Filed July 30, 2026 · crh-20260630
• 8-KEarnings releaseFiled July 30, 2026 · Press release and exhibits
• 8-KOther company newsFiled July 17, 2026 · crh-20260717
• 8-KNew material agreement and Investor disclosureFiled June 22, 2026 · Read it on sec.gov
• 8-KChange of directors or officers and Investor disclosureFiled June 16, 2026 · crh-20260616

Every filing on SEC EDGAR (CIK 849395)

• Demand for building materials depends on U.S. construction and public infrastructure spending. Residential demand was subdued in Q3 2026, and CRH expects it to stay weak in the near term. A fall in construction activity lowers volumes and prices.
• The Arcosa purchase, completed on October 23, 2026, adds about $8.5 billion of enterprise value, paid mostly with new debt. If integration is slow or the $175 million of synergies does not come, CRH has more debt for less return.
• CRH buys many businesses each year. Paying too much or poor integration can lower returns on capital.
• Energy and labor costs are rising. The adjusted EBITDA margin fell to 23.5% in Q3 2026 from 24.3% a year earlier. If CRH cannot raise prices enough, margins fall more.

CRH funds itself mostly with long-dated senior notes and keeps an investment grade rating. Total short and long-term debt was $19.6 billion at September 30, 2026, and cash was $5.11 billion, so debt less cash was $14.5 billion. Read more

Yield at the current rate

1.6% (current annual rate, at today’s price)

Dividend yield

1.2% (last 12 months, at today’s price of $96.26)

Paid per share

$1.17 in the last 12 months (3 payments)

Current annual rate

$1.56 ($0.39 × 4 a year)

Payout ratio

13% of the last fiscal year’s earnings (the year that ended December 31, 2025)

Latest ex-dividend date

August 14, 2026, $0.39 per share

Fewer payments or a raise. The last 12 months paid at least 25% less than the current annual rate. A payment may fall just outside the 12 months, or the company may have raised its dividend.

Dividends per share by year

From 2020 to 2025, the dividend fell by about 4.3% a year. From 2015 to 2025, the dividend grew by about 4.1% a year.

Source: company filings and market data, read on November 13, 2026. The ex-dividend date is the first day a buyer no longer gets the next payment.