CRH changes
Pick any two versions below to diff them.
- Price
- $83.63 → $86.03(+2.9%)
- Discount
- 3% → 1%(−2.0 pts)
- Risks
- Demand for building materials depends on U.S. construction and public infrastructure spending. Residential demand was subdued in Q2 2026. A fall in construction activity lowers volumes and prices. The Arcosa purchase adds about $8.5 billion of enterprise value and. Arcosa stockholders approved it on September 4, 2026, but it still needs regulatory approvals. 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. If CRH cannot raise prices enough, margins fall.
- Recent events
- 2026-09-04: Arcosa stockholders approved the purchase by CRH at a special meeting. About 99.8% of the votes cast were for the deal. The deal still needs regulatory approvals, and CRH and Arcosa expect it to close in Q1 2027. 2026-07-30: CRH reported Q2 2026 results. Total revenues rose 6% to $10.8 billion, net income rose 13% to $1.5 billion, and adjusted EBITDA rose 7% to $2.6 billion. CRH sold three non-core businesses for about $1.9 billion in total and bought Axius Water for $0.7 billion. It reaffirmed its 2026 guidance and raised the quarterly dividend 5% to $0.39. 2026-07-17: CRH signed a three-year $2.5 billion term loan facility for the Arcosa purchase, which reduced the commitments under its bridge facility to $3.25 billion. 2026-06-22: CRH agreed to buy Arcosa for $150 per share in cash, an enterprise value of about $8.5 billion, or 11.5 times 2026 estimated adjusted EBITDA including $175 million of expected cost synergies. CRH expects the deal to close in Q1 2027, subject to Arcosa stockholder and regulatory approvals, and expects pro forma net debt to adjusted EBITDA of 2.4 times for 2026. 2026-05-11: CRH appointed Aylwyn Bryan as Chief Financial Officer, effective May 12, 2026. He replaced Nancy Buese, who stepped down by mutual agreement.