CRH delivers record Q3 results, raises full-year guidance

CRH, the world’s largest building materials company, has posted another record quarter and raised its full-year earnings guidance after reporting continued growth across all major divisions.

For the third quarter of 2025, CRH recorded total revenues of $11.1 billion (£9.2 billion), up 5% year on year, while net income rose 9% to $1.5 billion (£1.24 billion). Adjusted EBITDA increased 10% to $2.7 billion (£2.24 billion), supported by strong demand, pricing discipline, operational efficiencies and contributions from recent acquisitions.

The company achieved a net income margin of 13.7% and an adjusted EBITDA margin of 24.3%, both higher than last year, and has invested $3.5 billion (£2.9 billion) so far this year in 27 acquisitions, including US-based Eco Material Technologies.

Chief executive Jim Mintern said: “CRH delivered a strong third quarter performance driven by favourable underlying demand, positive pricing momentum and further contributions from acquisitions. We are pleased to reaffirm our net income and raise our adjusted EBITDA guidance for 2025 — another record year for CRH.”

Year-to-date, CRH has returned $1.8 billion (£1.5 billion) to shareholders through dividends and share buybacks, including a $0.37 (31p) quarterly dividend, up 6% on last year.

Regional performance

• Americas Materials Solutions: revenues up 6%, reflecting resilient activity and sustained pricing.
• Americas Building Solutions: revenues up 2%; EBITDA up 22% due to efficiency and asset optimisation.
• International Solutions: revenues up 5%; EBITDA up 15% driven by operational improvements and acquisitions.

Balance sheet and outlook

CRH reported total debt of $18.7 billion (£15.5 billion) and net debt of $15 billion (£12.4 billion), maintaining a strong investment-grade credit rating (BBB+).

Looking ahead, the company reaffirmed its 2025 net income guidance of $3.8–3.9 billion (£3.15–£3.23 billion) and raised the midpoint of its adjusted EBITDA range to $7.6–7.7 billion (£6.3–£6.4 billion).

CRH expects continued growth in 2026, driven by public investment in infrastructure, energy transition projects, and reindustrialisation, though it noted that residential new-build activity is likely to remain subdued while repair and renovation markets stay resilient.

With operations in over 4,000 locations worldwide and a workforce of 80,000, CRH said its “connected portfolio and leading market positions” will continue to underpin growth and shareholder returns.