Recent Updates — CRH
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.
CRH plc increased its Board of Directors from 12 to 13 members by appointing W. Anthony (Tony) Will as a non-management Director, effective July 1, 2026. Mr. Will will be compensated according to the Company's non-management Director compensation program. CRH plc is a building materials company that provides construction and infrastructure-related products and services.