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3-MO 3.83% -7bp 6-MO 3.97% -10bp 1-YR 4.04% -5bp 2-YR 4.22% -4bp 3-YR 4.29% -2bp 5-YR 4.37% +2bp 7-YR 4.51% +4bp 10-YR 4.67% +6bp 20-YR 5.21% +10bp 30-YR 5.20% +11bp 3-MO 3.83% -7bp 6-MO 3.97% -10bp 1-YR 4.04% -5bp 2-YR 4.22% -4bp 3-YR 4.29% -2bp 5-YR 4.37% +2bp 7-YR 4.51% +4bp 10-YR 4.67% +6bp 20-YR 5.21% +10bp 30-YR 5.20% +11bp 3-MO 3.83% -7bp 6-MO 3.97% -10bp 1-YR 4.04% -5bp 2-YR 4.22% -4bp 3-YR 4.29% -2bp 5-YR 4.37% +2bp 7-YR 4.51% +4bp 10-YR 4.67% +6bp 20-YR 5.21% +10bp 30-YR 5.20% +11bp 3-MO 3.83% -7bp 6-MO 3.97% -10bp 1-YR 4.04% -5bp 2-YR 4.22% -4bp 3-YR 4.29% -2bp 5-YR 4.37% +2bp 7-YR 4.51% +4bp 10-YR 4.67% +6bp 20-YR 5.21% +10bp 30-YR 5.20% +11bp 3-MO 3.83% -7bp 6-MO 3.97% -10bp 1-YR 4.04% -5bp 2-YR 4.22% -4bp 3-YR 4.29% -2bp 5-YR 4.37% +2bp 7-YR 4.51% +4bp 10-YR 4.67% +6bp 20-YR 5.21% +10bp 30-YR 5.20% +11bp 3-MO 3.83% -7bp 6-MO 3.97% -10bp 1-YR 4.04% -5bp 2-YR 4.22% -4bp 3-YR 4.29% -2bp 5-YR 4.37% +2bp 7-YR 4.51% +4bp 10-YR 4.67% +6bp 20-YR 5.21% +10bp 30-YR 5.20% +11bp
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Building materials

CRH split the Americas two ways in one set of accounts, with aggregates earnings up 12 percent and its building products earnings down 8 percent

Money & World
The Editorial Team ·
A straight-on view of an old fired brick wall filling the frame, the bricks laid in even courses in shades of red, brown and grey with pale lime mortar joints, many of the faces flecked with dark iron spots.
Photo: Olga Lioncat / Pexels

The segment paragraphs are where this filing stops being a routine beat.

CRH reported second quarter revenues of $10.8bn on Thursday morning, against $10.2bn a year earlier, and net income of $1.5bn against $1.3bn. Diluted earnings per share were $2.21, 14 percent higher. Full year guidance was reaffirmed at every line: net income between $3.9bn and $4.1bn, Adjusted EBITDA between $8.1bn and $8.5bn, diluted earnings per share between $5.60 and $6.05.

Then the accounts split the Americas in two.

Aggregates up, building products down

Americas Materials Solutions, the aggregates and asphalt side, reported revenues 10 percent ahead of the second quarter of 2025 and Adjusted EBITDA 12 percent ahead. CRH attributes the revenue increase to pricing and to acquisitions, and the earnings increase to cost management and acquisitions.

Americas Building Solutions went the other way. Revenues fell 2 percent and Adjusted EBITDA fell 8 percent. The company names three causes for the earnings fall: divestitures, subdued residential demand and cost inflation. It names two offsets: demand in utility infrastructure markets, and its own performance improvement initiatives.

International Solutions grew, with revenues 5 percent ahead and Adjusted EBITDA 8 percent ahead.

What is holding the products side up

The revenue sentence for Americas Building Solutions is the more interesting one, because it says what did work.

Divestitures and subdued residential demand, in CRH's phrasing, offset strong performance in the energy and data infrastructure markets, supported by higher data center activity. Utility infrastructure appears again a sentence later. So the housing exposure fell and the power and data exposure rose, inside one segment, and the net of the two was minus 2 percent on revenue.

The deals

Eleven acquisitions closed in the quarter for $1.1bn, taking the year to date to 17 for $1.4bn. The largest was Axius Water, a North American water quality business, completed on 29 May 2026 for $0.7bn.

The much larger one is not in these numbers. CRH agreed on 22 June to buy Arcosa for $150 per share in cash, an enterprise value of roughly $8.5bn. The release puts expected completion in the first quarter of 2027 and states that the deal still requires approval from Arcosa stockholders and from regulators.

Jim Mintern, the chief executive, said the company remained "encouraged by the underlying demand across our key markets" notwithstanding current geopolitical and macroeconomic uncertainties.

The document: CRH plc, 'CRH Reports Second Quarter 2026 Results', Exhibit 99.1 to Form 8-K, accession 0001628280-26-050752, filed with the Securities and Exchange Commission 30 July 2026 at 06:05:03 Eastern, Item 2.02 Results of Operations and Financial Condition. Figures as stated: total revenues $10.8bn against $10.2bn in Q2 2025, 6 percent ahead; net income $1.5bn against $1.3bn, 13 percent higher, driven by operating performance and gains on divestitures during the period; Adjusted EBITDA $2.6bn against $2.5bn, 7 percent higher; net income margin 14.0 percent against 13.1 percent; Adjusted EBITDA margin 24.4 percent against 24.1 percent; diluted earnings per share $2.21, 14 percent higher. Segment text as stated: Americas Materials Solutions total revenues 10 percent ahead of Q2 2025 driven by positive pricing momentum and contributions from acquisitions, Adjusted EBITDA 12 percent ahead reflecting disciplined cost management and contributions from acquisitions; Americas Building Solutions total revenues decreased 2 percent as the impact of divestitures and subdued residential demand offset strong performance in the energy and data infrastructure markets, supported by higher data center activity, Adjusted EBITDA declined 8 percent driven by divestitures, subdued residential demand and cost inflation, partly offset by strong demand in utility infrastructure markets and performance improvement initiatives; International Solutions total revenues 5 percent ahead, Adjusted EBITDA 8 percent ahead. Acquisitions as stated: 11 completed in the three months to 30 June 2026 for total consideration of $1.1bn, five in Americas Materials Solutions, two in Americas Building Solutions and four in International Solutions, the largest being Axius Water completed 29 May 2026 for $0.7bn; year to date $1.4bn across 17 acquisitions. Arcosa as stated: definitive agreement announced 22 June 2026, all cash at $150 per share, total enterprise value approximately $8.5bn, expected to close Q1 2027, remaining subject to approval of Arcosa's stockholders, regulatory approvals and other customary closing conditions. Guidance as stated and reaffirmed for FY26: net income $3.9bn to $4.1bn, Adjusted EBITDA $8.1bn to $8.5bn, diluted EPS $5.60 to $6.05. Adjusted EBITDA is identified in the document as a non-GAAP financial measure reconciled on pages 11 to 12. Exhibit fetched from EDGAR and read 30 July 2026..

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