CRH Reports Strong Q1 Growth and Reaffirms 2026 Guidance

CRH (NYSE: CRH) posted a strong start to the 2026 fiscal year, reporting total revenue of $7.4 billion, a 9% increase compared to the same period last year. Adjusted EBITDA grew by 18% to $586 million, while adjusted EBITDA margins expanded by 70 basis points. CEO Jim Mintern attributed these gains to disciplined commercial execution and early-season project activity. The Americas Materials Solutions segment was a primary driver of growth, with revenues increasing 21% year-over-year. This performance was supported by robust volumes in aggregates and cement, fueled by large-scale projects such as the I-95 reconstruction in South Carolina and a major chip plant in Boise, Idaho. Additionally, a data center facility in Michigan contributed over 1.2 million tons of aggregates in the first quarter alone. International operations also showed significant improvement, with International Solutions seeing a 32% increase in adjusted EBITDA. This growth was underpinned by reindustrialization demand in Western Europe and a recovery in Central and Eastern Europe following a harsh winter. In the Americas, while new-build residential activity remained subdued, demand for utility infrastructure and data centers provided a necessary hedge. As part of a broader strategy to prioritize higher-growth assets, CRH is actively reshaping its portfolio. The company has reached agreements to divest three non-core businesses for a total consideration of $1.9 billion, including the sale of its lawn and garden business for $1.1 billion. Management reaffirmed its full-year 2026 guidance, signaling confidence in the company's trajectory and capital allocation strategy.