Recent Updates — CRH
Following its October acquisition of Arcosa, CRH plc announced cash tender offers and exchange offers for up to $1 billion in aggregate principal amount of Arcosa's outstanding senior notes. The company will pay a total consideration of $1,035 per $1,000 principal amount for the 4.375% Notes due 2029 and $1,035 for the 6.875% Notes due 2032 if tendered by November 18, with a reduced price of $933.75 and $985 respectively after that date. CRH is also soliciting consents to amend indentures governing these notes. CRH plc operates as the leading provider of building materials critical to modernizing infrastructure.
CRH reported third-quarter 2026 total revenues of $11.4 billion and diluted earnings per share of $1.86. Net income fell to $1.2 billion from $1.5 billion in the prior year, primarily due to a $178 million loss on impairments related to its Philippines reporting unit. Adjusted EBITDA remained flat at $2.7 billion. The company completed its $8.5 billion acquisition of Arcosa and announced a new share repurchase program authorized for up to $6 billion through the end of 2030. Additionally, CRH raised its quarterly dividend by 5% to $0.39 per share and revised full-year 2026 net income guidance downward to a range of $3.1 billion to $3.3 billion.
CRH public limited company has completed its previously announced acquisition of Arcosa, Inc., a leading U.S. provider of aggregates and critical infrastructure products, for a total enterprise value of approximately $8.5 billion. The transaction is highly complementary to CRH’s strategy, reinforcing its position as the leader in U.S. and global aggregates and increasing exposure to demand from major road, water, energy, and data projects. CRH will provide updated full-year 2026 guidance reflecting the completion of the acquisition with its third-quarter results on October 29. CRH is a leading provider of building materials critical to modernizing infrastructure.
CRH plc reported second quarter 2026 financial results, posting total revenues of $10.8 billion, a 6% increase year-over-year, and net income of $1.5 billion, up 13%. Adjusted EBITDA rose 7% to $2.6 billion with an adjusted EBITDA margin of 24.4%, while diluted EPS increased 14% to $2.21. The company announced a definitive agreement to acquire Arcosa Inc. for approximately $8.5 billion in an all-cash transaction valued at $150 per share, expected to close in Q1 2027 subject to regulatory and stockholder approvals. CRH also completed $1.1 billion in acquisitions year-to-date and realized $1.7 billion from divestitures. The company reaffirmed its full-year 2026 guidance for net income between $3.9 billion and $4.1 billion, adjusted EBITDA between $8.1 billion and $8.5 billion, and diluted EPS between $5.60 and $6.05. CRH operates in the building materials industry, providing aggregates, cement, and construction products critical to infrastructure projects.
On July 17, 2026, CRH entered into a three-year $2.5 billion term loan facility agreement to support its pending acquisition of Arcosa, Inc. This new facility reduces the commitments under a previously established $5.75 billion bridge facility to $3.25 billion. The term loan carries interest based on the Secured Overnight Financing Rate (SOFR) plus a ratings-based margin and includes a quarterly ticking fee on undrawn amounts. CRH intends to use these funds, along with cash on hand and potential alternative financings, to pay the merger consideration and refinance Arcosa's existing debt. CRH is a global building materials company that provides products and services for infrastructure and building projects.
CRH Americas, Inc. entered into a merger agreement to acquire Arcosa, Inc. for $150.00 per share in cash. To finance the transaction, CRH America Finance, Inc. entered into a $5.75 billion bridge facility agreement with a group of lenders led by J.P. Morgan SE. CRH does not expect to initiate a new tranche of its share buyback program following the current tranche's expiration in July 2026. CRH is a building materials company.