CRH reaffirms FY26 guidance for net income of $3.9 bln-$4.1 bln
Company expects FY26 adj EBITDA of $8.1 bln-$8.5 bln and diluted EPS of $5.60-$6.05
CRH lowers FY26 capital expenditure guidance to $2.7 bln-$2.9 bln
Overview
Ireland building materials supplier's Q2 revenue rose 6% yr/yr, beating analyst expectations
Q2 adjusted EBITDA grew 7% on strong operating performance and acquisitions
Company reaffirmed 2026 guidance and highlighted pending $8.5 bln Arcosa acquisition
Result Drivers
Pricing and demand - Co said positive pricing momentum and favorable underlying demand drove revenue growth, especially in Americas Materials and International Solutions
Acquisitions - Contributions from acquisitions supported revenue and profit growth, with 11 deals completed in the quarter
Divestitures and residential demand - Revenue and EBITDA in Americas Building Solutions declined due to divestitures and subdued residential demand, partly offset by strong energy and data infrastructure markets
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 22 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the construction materials peer group is "buy"
Wall Street's median 12-month price target for CRH PLC is $143.50, about 43.9% above its July 29 closing price of $99.71
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 17 three months ago
CRH•
