CRH Reports Q3 2026 Results Amid Arcosa Acquisition and Impairment Charges
CRH plc (CRH) reported third-quarter revenue of $11.4 billion, a 3% year-over-year increase driven by pricing momentum and recent acquisitions. However, net income fell 22% to $1.2 billion, primarily due to a $178 million impairment charge related to its operations in the Philippines. Adjusted EBITDA remained stable at $2.7 billion as strong commercial execution helped offset rising cost inflation. The company is undergoing significant structural changes, highlighted by the recent $8.5 billion acquisition of Arcosa and a new $6 billion share buyback program authorized through 2030. While Americas Materials Solutions saw growth in aggregates and asphalt pricing, the residential sector remains subdued due to high interest rates. Management updated full-year guidance downward to reflect these market challenges and a recent 40% spike in diesel prices.
Topics: EBITDA Guidance Impairment Losses M&A Net Income Decline Revenue Growth Share Buyback
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Part of the story CRH Reports Q3 2026 Results Amid Arcosa Acquisition and Impairment Charges (8 articles)