- \n
- \nReaffirming FY25 Net income and raising FY25 Adjusted EBITDA* guidance midpoint; another record year for CRH\n<\/li>\n<\/ul>\n
- \n
- \nRecord Q3; further expansion in Net income margin (+50bps) and Adjusted EBITDA* margin (+100bps)\n<\/li>\n<\/ul>\n
- \n
- \nContinued performance delivery through Our Growth Algorithm and the CRH Winning Way\n<\/li>\n<\/ul>\n
- \n
- \nSuperior Strategy and Leading Performance driving 9% Net income and 10% Adjusted EBITDA* growth in Q3\n<\/li>\n<\/ul>\n
- \n
- \nFavorable underlying demand, positive pricing momentum and contributions from acquisitions\n<\/li>\n<\/ul>\n
- \n
- \n$3.5bn invested in 27 value-accretive acquisitions year-to-date with attractive pipeline of opportunities\n<\/li>\n<\/ul>\n
- \n
- \nDeclaring quarterly dividend of $0.37 per share (+6% YoY)\n<\/li>\n<\/ul>\n
- \n
- \n2026 outlook positive across key end-markets; underpinned by unmatched scale and connected portfolio\n<\/li>\n<\/ul>\n
NEW YORK–(BUSINESS WIRE<\/a>)–
\nCRH (NYSE: CRH), the leading provider of building materials, today reported third quarter 2025 financial results. Total revenues of $11.1 billion (Q3 2024: $10.5 billion) were 5% ahead of the prior year period driven by positive demand, strong commercial execution and contributions from acquisitions. Net income of $1.5 billion (Q3 2024: $1.4 billion) was 9% ahead of the prior year, reflecting a strong underlying operating performance. Adjusted EBITDA* of $2.7 billion (Q3 2024: $2.5 billion) increased by 10% as a result of continued pricing momentum, good contributions from acquisitions and further operational efficiencies. CRH\u2019s net income margin of 13.7% was ahead of Q3 2024 (13.2%), while Adjusted EBITDA margin* of 24.3% (Q3 2024: 23.3%) was also ahead of the comparable prior year period.\n<\/p>\n\nDuring the quarter, CRH completed nine acquisitions for a total consideration of $2.5 billion, enabled by CRH\u2019s unmatched scale, connected portfolio, and proven growth capabilities. As part of its ongoing share buyback program and reflecting the financial strength of CRH, the Company returned $1.1 billion of cash to shareholders year-to-date and is commencing an additional $0.3 billion tranche to be completed no later than February 17, 2026.\n<\/p>\n
Jim Mintern, Chief Executive Officer, stated <\/b>“CRH delivered a strong third quarter performance driven by favorable underlying demand, positive pricing momentum and further contributions from acquisitions. We are pleased to reaffirm Net income and raise our Adjusted EBITDA* guidance for 2025, representing another record year for CRH. Our superior strategy, connected portfolio and leading performance continues to deliver higher sales, profits and margins. Backed by our robust balance sheet and strong cash generation, we have invested $4.7 billion in growth investments year-to-date while returning approximately $1.8 billion to our shareholders through dividends and share buybacks. We have completed 27 acquisitions year-to-date, including the acquisition of Eco Material Technologies, and continue to see an active pipeline of value-accretive opportunities supported by infrastructure megatrends across our key growth platforms. Looking ahead to 2026, we expect favorable market dynamics and the continued execution of our strategy to underpin another year of growth and shareholder value creation.”<\/i><\/p>\n
\n
\n \n \nSummary Financials\n<\/p>\n<\/td>\n
\n \nQ3 2025\n<\/p>\n<\/td>\n
\n \nYoY Change\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nTotal revenues\n<\/p>\n<\/td>\n
\n \n$11.1bn\n<\/p>\n<\/td>\n
\n \n+5%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nNet income\n<\/p>\n<\/td>\n
\n \n$1.5bn\n<\/p>\n<\/td>\n
\n \n+9%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nNet income margin\n<\/p>\n<\/td>\n
\n \n13.7%\n<\/p>\n<\/td>\n
\n \n+50bps\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nAdjusted EBITDA*\n<\/p>\n<\/td>\n
\n \n$2.7bn\n<\/p>\n<\/td>\n
\n \n+10%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nAdjusted EBITDA margin*\n<\/p>\n<\/td>\n
\n \n24.3%\n<\/p>\n<\/td>\n
\n \n+100bps\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nDiluted Earnings Per Share\n<\/p>\n<\/td>\n
\n \n$2.21\n<\/p>\n<\/td>\n
\n \n+12%\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n
\n
\n ____________________<\/td>\n<\/tr>\n \n * Represents non-GAAP measure. See ‘Non-GAAP Reconciliation and Supplementary Information’ on pages 9 to 10.<\/sup><\/td>\n<\/tr>\n<\/table>\n Americas Materials Solutions’<\/b> total revenues were 6% ahead of the prior year, supported by favorable underlying activity levels, sustained pricing momentum and contributions from acquisitions. Adjusted EBITDA increased by 5% year-on-year, reflecting good commercial management and acquisition contributions, against a strong prior year comparison.\n<\/p>\n
Americas Building Solutions’<\/b> total revenues were 2% ahead of Q3 2024, driven by contributions from acquisitions, good demand in the energy sector and ongoing reindustrialization activity. Adjusted EBITDA was 22% ahead of the prior year reflecting the benefits of ongoing business and asset optimization initiatives, including the gain on disposal of certain land assets across our operations.\n<\/p>\n
International Solutions’<\/b> total revenues were 5% ahead of Q3 2024, supported by good commercial execution and contributions from acquisitions. Adjusted EBITDA was 15% ahead of the prior year, driven by operational efficiencies, resilient pricing and contributions from acquisitions.\n<\/p>\n
\nDetailed business segment information is available as part of the Company’s Quarterly Report on the Form 10-Q filed with the U.S. Securities and Exchange Commission (SEC).\n<\/p>\n
Other Financial Items<\/b><\/p>\n
\nDepreciation, depletion, amortization and impairment expenses of $0.6 billion were $0.1 billion higher than the prior year (Q3 2024: $0.5 billion), primarily due to the impact of acquisitions and higher capital expenditure.\n<\/p>\n
\nInterest income of $37 million was $4 million higher than the comparable period (Q3 2024: $33 million). Interest expense of $209 million was higher than the comparable period (Q3 2024: $164 million), primarily due to an increase in gross debt balances.\n<\/p>\n
\nIncome tax expense of $0.4 billion (Q3 2024: $0.5 billion) was reduced in the period, reflecting a lower effective tax rate compared to the prior year.\n<\/p>\n
\nOther nonoperating income, net, was $12 million, a decrease from the comparable period in the prior year (Q3 2024: $62 million) which benefited from a gain on divestitures.\n<\/p>\n
\nDiluted Earnings Per Share (EPS) of $2.21 was 12% higher than the prior year (Q3 2024: $1.97) supported by strong operating performance and the ongoing share buyback program.\n<\/p>\n
Balance Sheet and Liquidity<\/b><\/p>\n
\nTotal short and long-term debt was $18.7 billion at September 30, 2025, compared with $14.0 billion at December 31, 2024.\n<\/p>\n
\nNet Debt* at September 30, 2025, was $15.0 billion, compared to $10.5 billion at December 31, 2024. The increase in Net Debt* reflects acquisitions completed, cash returns to shareholders through continued share buybacks and dividends, as well as the purchase of property, plant and equipment, partially offset by inflows from operating activities. CRH ended Q3 2025 with $4.3 billion of cash and cash equivalents and restricted cash on hand (September 30, 2024: $3.1 billion) and $4.2 billion of undrawn committed facilities. CRH remains committed to maintaining its robust balance sheet and expects to maintain a strong investment-grade credit rating with a BBB+ or equivalent rating with each of the three main rating agencies.\n<\/p>\n
Dividends<\/b><\/p>\n
\nIn line with its policy of consistent long-term dividend growth, on November 5, 2025, CRH declared a quarterly dividend of $0.37 per share, representing a 6% increase on the prior year. The dividend will be paid on December 17, 2025, to shareholders registered on November 21, 2025.\n<\/p>\n
Outlook<\/b><\/p>\n
\nWe are pleased to update our guidance for 2025, including reaffirming the Net income guidance range and increasing the Adjusted EBITDA* guidance midpoint, reflecting the continued execution of our strategy, leading performance across our markets, and contributions from acquisitions. Looking ahead to 2026, we expect favorable underlying demand across our key end-markets, underpinned by significant public investment in infrastructure and continued reindustrialization activity. Within the residential sector, the new-build segment is expected to remain subdued, while repair and remodel activity remains resilient. Assuming normal seasonal weather patterns and absent any major dislocations in the political or macroeconomic environment, CRH’s superior strategy, connected portfolio and leading positions of scale in attractive high-growth markets, together with our strong and flexible balance sheet, are expected to underpin another year of growth and value creation in 2026.\n<\/p>\n
\n
\n \n 2025 Guidance (i)<\/b><\/p>\n<\/td>\n
\n Updated Guidance<\/b><\/p>\n<\/td>\n
\n Previous Guidance<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n (in $ billions, except per share data)<\/i><\/b><\/p>\n<\/td>\n
\n Low<\/b><\/p>\n<\/td>\n
\n High<\/b><\/p>\n<\/td>\n
\n Low<\/b><\/p>\n<\/td>\n
\n High<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \nNet income (ii)\n<\/p>\n<\/td>\n
\n \n3.8\n<\/p>\n<\/td>\n
\n \n3.9\n<\/p>\n<\/td>\n
\n \n3.8\n<\/p>\n<\/td>\n
\n \n3.9\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nAdjusted EBITDA*\n<\/p>\n<\/td>\n
\n \n7.6\n<\/p>\n<\/td>\n
\n \n7.7\n<\/p>\n<\/td>\n
\n \n7.5\n<\/p>\n<\/td>\n
\n \n7.7\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nDiluted EPS (ii)\n<\/p>\n<\/td>\n
\n \n$5.49\n<\/p>\n<\/td>\n
\n \n$5.72\n<\/p>\n<\/td>\n
\n \n$5.49\n<\/p>\n<\/td>\n
\n \n$5.72\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nCapital expenditure\n<\/p>\n<\/td>\n
\n \n2.7\n<\/p>\n<\/td>\n
\n \n2.8\n<\/p>\n<\/td>\n
\n \n2.8\n<\/p>\n<\/td>\n
\n \n3.0\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n \n (i) The 2025 guidance does not assume any significant one-off or non-recurring items, including the impact of further potential changes to global trade policies, impairments or other unforeseen events.<\/sup><\/p>\n<\/td>\n<\/tr>\n
\n \n (ii) 2025 net income and diluted EPS are based on approximately $0.65 billion interest expense, net, an effective tax rate of approximately 22% and a year-to-date average of approximately 680 million diluted common shares outstanding.<\/sup><\/p>\n<\/td>\n<\/tr>\n<\/table>\n
Q3 2025 Conference Call<\/b><\/p>\n
\nCRH will host a conference call and webcast presentation at 8:00 a.m. (EST) on Thursday, November 6, 2025, to discuss its Q3 2025 results and outlook. Registration details are available on www.crh.com\/investors<\/a><\/i>. Upon registration, a link to join the call and dial-in details will be made available. The accompanying investor presentation will be available on the investor section of the CRH website in advance of the conference call, and a recording of the conference call will be made available afterwards.\n<\/p>\n
About CRH<\/b><\/p>\n
\nCRH (NYSE: CRH) is the leading provider of building materials critical to modernizing infrastructure. With our team of 80,000 people across 4,000 locations, our unmatched scale, connected portfolio, and deep local relationships make us the partner of choice for transportation, water, and reindustrialization projects, shaping communities for a better tomorrow. For more information, visit CRH.com<\/a>.\n<\/p>\n
Appendices<\/b><\/p>\n
Appendix 1 – Financial Statements<\/b><\/p>\n
\nThe following financial statements are an extract of the Company\u2019s Condensed Consolidated Financial Statements prepared in accordance with U.S. GAAP for the three months and nine months ended September 30, 2025, and do not present all necessary information for a complete understanding of the Company’s financial condition as of September 30, 2025. The full Condensed Consolidated Financial Statements prepared in accordance with U.S. GAAP for the three months and nine months ended September 30, 2025, including notes thereto, will be included as a part of the Company\u2019s Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission (SEC).\n<\/p>\n
\n
\n \n Condensed Consolidated Statements of Income (Unaudited)<\/b><\/p>\n
(in $ millions, except share and per share data)<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n Three months ended<\/b><\/p>\n<\/td>\n
\n Nine months ended<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n September 30<\/b><\/p>\n<\/td>\n
\n September 30<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 2025<\/b><\/p>\n<\/td>\n
\n \n2024\n<\/p>\n<\/td>\n
\n 2025<\/b><\/p>\n<\/td>\n
\n \n2024\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nProduct revenues\n<\/p>\n<\/td>\n
\n 8,087<\/b><\/p>\n<\/td>\n
\n \n7,482\n<\/p>\n<\/td>\n
\n 21,618<\/b><\/p>\n<\/td>\n
\n \n20,158\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nService revenues\n<\/p>\n<\/td>\n
\n 2,982<\/b><\/p>\n<\/td>\n
\n \n3,033\n<\/p>\n<\/td>\n
\n 6,413<\/b><\/p>\n<\/td>\n
\n \n6,544\n<\/p>\n<\/td>\n<\/tr>\n
\n \n Total revenues<\/b><\/p>\n<\/td>\n
\n 11,069<\/b><\/p>\n<\/td>\n
\n \n10,515\n<\/p>\n<\/td>\n
\n 28,031<\/b><\/p>\n<\/td>\n
\n \n26,702\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nCost of product revenues\n<\/p>\n<\/td>\n
\n (4,083)<\/b><\/p>\n<\/td>\n
\n \n(3,674)\n<\/p>\n<\/td>\n
\n (11,992)<\/b><\/p>\n<\/td>\n
\n \n(11,010)\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nCost of service revenues\n<\/p>\n<\/td>\n
\n (2,677)<\/b><\/p>\n<\/td>\n
\n \n(2,782)\n<\/p>\n<\/td>\n
\n (5,867)<\/b><\/p>\n<\/td>\n
\n \n(6,151)\n<\/p>\n<\/td>\n<\/tr>\n
\n \n Total cost of revenues<\/b><\/p>\n<\/td>\n
\n (6,760)<\/b><\/p>\n<\/td>\n
\n \n(6,456)\n<\/p>\n<\/td>\n
\n (17,859)<\/b><\/p>\n<\/td>\n
\n \n(17,161)\n<\/p>\n<\/td>\n<\/tr>\n
\n \n Gross profit<\/b><\/p>\n<\/td>\n
\n 4,309<\/b><\/p>\n<\/td>\n
\n \n4,059\n<\/p>\n<\/td>\n
\n 10,172<\/b><\/p>\n<\/td>\n
\n \n9,541\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nSelling, general and administrative expenses\n<\/p>\n<\/td>\n
\n (2,338)<\/b><\/p>\n<\/td>\n
\n \n(2,184)\n<\/p>\n<\/td>\n
\n (6,291)<\/b><\/p>\n<\/td>\n
\n \n(5,919)\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nGain on disposal of long-lived assets\n<\/p>\n<\/td>\n
\n 110<\/b><\/p>\n<\/td>\n
\n \n89\n<\/p>\n<\/td>\n
\n 153<\/b><\/p>\n<\/td>\n
\n \n199\n<\/p>\n<\/td>\n<\/tr>\n
\n \n Operating income<\/b><\/p>\n<\/td>\n
\n 2,081<\/b><\/p>\n<\/td>\n
\n \n1,964\n<\/p>\n<\/td>\n
\n 4,034<\/b><\/p>\n<\/td>\n
\n \n3,821\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nInterest income\n<\/p>\n<\/td>\n
\n 37<\/b><\/p>\n<\/td>\n
\n \n33\n<\/p>\n<\/td>\n
\n 104<\/b><\/p>\n<\/td>\n
\n \n112\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nInterest expense\n<\/p>\n<\/td>\n
\n (209)<\/b><\/p>\n<\/td>\n
\n \n(164)\n<\/p>\n<\/td>\n
\n (590)<\/b><\/p>\n<\/td>\n
\n \n(452)\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nOther nonoperating income (expense), net\n<\/p>\n<\/td>\n
\n 12<\/b><\/p>\n<\/td>\n
\n \n62\n<\/p>\n<\/td>\n
\n (17)<\/b><\/p>\n<\/td>\n
\n \n246\n<\/p>\n<\/td>\n<\/tr>\n
\n \n Income from operations before income tax expense and income from equity method investments<\/b><\/p>\n<\/td>\n
\n 1,921<\/b><\/p>\n<\/td>\n
\n \n1,895\n<\/p>\n<\/td>\n
\n 3,531<\/b><\/p>\n<\/td>\n
\n \n3,727\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nIncome tax expense\n<\/p>\n<\/td>\n
\n (428)<\/b><\/p>\n<\/td>\n
\n \n(531)\n<\/p>\n<\/td>\n
\n (795)<\/b><\/p>\n<\/td>\n
\n \n(942)\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nIncome from equity method investments\n<\/p>\n<\/td>\n
\n 26<\/b><\/p>\n<\/td>\n
\n \n25\n<\/p>\n<\/td>\n
\n 17<\/b><\/p>\n<\/td>\n
\n \n27\n<\/p>\n<\/td>\n<\/tr>\n
\n \n Net income<\/b><\/p>\n<\/td>\n
\n 1,519<\/b><\/p>\n<\/td>\n
\n \n1,389\n<\/p>\n<\/td>\n
\n 2,753<\/b><\/p>\n<\/td>\n
\n \n2,812\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nNet (income) attributable to redeemable noncontrolling interests\n<\/p>\n<\/td>\n
\n (10)<\/b><\/p>\n<\/td>\n
\n \n(9)\n<\/p>\n<\/td>\n
\n (18)<\/b><\/p>\n<\/td>\n
\n \n(21)\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nNet (income) attributable to noncontrolling interests\n<\/p>\n<\/td>\n
\n (6)<\/b><\/p>\n<\/td>\n
\n \n(4)\n<\/p>\n<\/td>\n
\n (7)<\/b><\/p>\n<\/td>\n
\n \n(2)\n<\/p>\n<\/td>\n<\/tr>\n
\n \n Net income attributable to CRH<\/b><\/p>\n<\/td>\n
\n 1,503<\/b><\/p>\n<\/td>\n
\n \n1,376\n<\/p>\n<\/td>\n
\n 2,728<\/b><\/p>\n<\/td>\n
\n \n2,789\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n \n Earnings per share attributable to CRH<\/b><\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nBasic\n<\/p>\n<\/td>\n
\n $2.23<\/b><\/p>\n<\/td>\n
\n \n$1.99\n<\/p>\n<\/td>\n
\n $4.02<\/b><\/p>\n<\/td>\n
\n \n$4.03\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nDiluted\n<\/p>\n<\/td>\n
\n $2.21<\/b><\/p>\n<\/td>\n
\n \n$1.97\n<\/p>\n<\/td>\n
\n $3.99<\/b><\/p>\n<\/td>\n
\n \n$4.00\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n \n Weighted average common shares outstanding<\/b><\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nBasic\n<\/p>\n<\/td>\n
\n 672.3<\/b><\/p>\n<\/td>\n
\n \n681.6\n<\/p>\n<\/td>\n
\n 674.4<\/b><\/p>\n<\/td>\n
\n \n685.0\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nDiluted\n<\/p>\n<\/td>\n
\n 675.5<\/b><\/p>\n<\/td>\n
\n \n685.5\n<\/p>\n<\/td>\n
\n 678.2<\/b><\/p>\n<\/td>\n
\n \n690.0\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n
\n
\n \n Condensed Consolidated Balance Sheets (Unaudited)<\/b><\/p>\n
(in $ millions, except share data)<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n September 30<\/b><\/p>\n<\/td>\n
\n \nDecember 31\n<\/p>\n<\/td>\n
\n \nSeptember 30\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 2025<\/b><\/p>\n<\/td>\n
\n \n2024\n<\/p>\n<\/td>\n
\n \n2024\n<\/p>\n<\/td>\n<\/tr>\n
\n \n Assets<\/b><\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nCurrent assets:\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nCash and cash equivalents\n<\/p>\n<\/td>\n
\n 4,198<\/b><\/p>\n<\/td>\n
\n \n3,720\n<\/p>\n<\/td>\n
\n \n2,978\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nRestricted cash\n<\/p>\n<\/td>\n
\n 90<\/b><\/p>\n<\/td>\n
\n \n39\n<\/p>\n<\/td>\n
\n \n102\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nAccounts receivable, net\n<\/p>\n<\/td>\n
\n 6,961<\/b><\/p>\n<\/td>\n
\n \n4,820\n<\/p>\n<\/td>\n
\n \n6,422\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nInventories\n<\/p>\n<\/td>\n
\n 5,019<\/b><\/p>\n<\/td>\n
\n \n4,755\n<\/p>\n<\/td>\n
\n \n4,644\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nOther current assets\n<\/p>\n<\/td>\n
\n 584<\/b><\/p>\n<\/td>\n
\n \n749\n<\/p>\n<\/td>\n
\n \n694\n<\/p>\n<\/td>\n<\/tr>\n
\n \n Total current assets<\/b><\/p>\n<\/td>\n
\n 16,852<\/b><\/p>\n<\/td>\n
\n \n14,083\n<\/p>\n<\/td>\n
\n \n14,840\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nProperty, plant and equipment, net\n<\/p>\n<\/td>\n
\n 23,783<\/b><\/p>\n<\/td>\n
\n \n21,452\n<\/p>\n<\/td>\n
\n \n21,289\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nEquity method investments\n<\/p>\n<\/td>\n
\n 743<\/b><\/p>\n<\/td>\n
\n \n737\n<\/p>\n<\/td>\n
\n \n929\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nGoodwill\n<\/p>\n<\/td>\n
\n 12,676<\/b><\/p>\n<\/td>\n
\n \n11,061\n<\/p>\n<\/td>\n
\n \n10,906\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nIntangible assets, net\n<\/p>\n<\/td>\n
\n 2,146<\/b><\/p>\n<\/td>\n
\n \n1,211\n<\/p>\n<\/td>\n
\n \n1,105\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nOperating lease right-of-use assets, net\n<\/p>\n<\/td>\n
\n 1,412<\/b><\/p>\n<\/td>\n
\n \n1,274\n<\/p>\n<\/td>\n
\n \n1,322\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nOther noncurrent assets\n<\/p>\n<\/td>\n
\n 915<\/b><\/p>\n<\/td>\n
\n \n795\n<\/p>\n<\/td>\n
\n \n830\n<\/p>\n<\/td>\n<\/tr>\n
\n \n Total assets<\/b><\/p>\n<\/td>\n
\n 58,527<\/b><\/p>\n<\/td>\n
\n \n50,613\n<\/p>\n<\/td>\n
\n \n51,221\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n \n Liabilities, redeemable noncontrolling interests and shareholders\u2019 equity<\/b><\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nCurrent liabilities:\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nAccounts payable\n<\/p>\n<\/td>\n
\n 3,156<\/b><\/p>\n<\/td>\n
\n \n3,207\n<\/p>\n<\/td>\n
\n \n2,963\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nAccrued expenses\n<\/p>\n<\/td>\n
\n 2,393<\/b><\/p>\n<\/td>\n
\n \n2,248\n<\/p>\n<\/td>\n
\n \n2,513\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nCurrent portion of long-term debt\n<\/p>\n<\/td>\n
\n 3,968<\/b><\/p>\n<\/td>\n
\n \n2,999\n<\/p>\n<\/td>\n
\n \n3,218\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nOperating lease liabilities\n<\/p>\n<\/td>\n
\n 257<\/b><\/p>\n<\/td>\n
\n \n265\n<\/p>\n<\/td>\n
\n \n271\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nOther current liabilities\n<\/p>\n<\/td>\n
\n 1,822<\/b><\/p>\n<\/td>\n
\n \n1,577\n<\/p>\n<\/td>\n
\n \n1,703\n<\/p>\n<\/td>\n<\/tr>\n
\n \n Total current liabilities<\/b><\/p>\n<\/td>\n
\n 11,596<\/b><\/p>\n<\/td>\n
\n \n10,296\n<\/p>\n<\/td>\n
\n \n10,668\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nLong-term debt\n<\/p>\n<\/td>\n
\n 14,734<\/b><\/p>\n<\/td>\n
\n \n10,969\n<\/p>\n<\/td>\n
\n \n10,672\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nDeferred income tax liabilities\n<\/p>\n<\/td>\n
\n 3,595<\/b><\/p>\n<\/td>\n
\n \n3,105\n<\/p>\n<\/td>\n
\n \n3,168\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nNoncurrent operating lease liabilities\n<\/p>\n<\/td>\n
\n 1,188<\/b><\/p>\n<\/td>\n
\n \n1,074\n<\/p>\n<\/td>\n
\n \n1,117\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nOther noncurrent liabilities\n<\/p>\n<\/td>\n
\n 2,785<\/b><\/p>\n<\/td>\n
\n \n2,319\n<\/p>\n<\/td>\n
\n \n2,430\n<\/p>\n<\/td>\n<\/tr>\n
\n \n Total liabilities<\/b><\/p>\n<\/td>\n
\n 33,898<\/b><\/p>\n<\/td>\n
\n \n27,763\n<\/p>\n<\/td>\n
\n \n28,055\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nCommitments and contingencies\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nRedeemable noncontrolling interests\n<\/p>\n<\/td>\n
\n 419<\/b><\/p>\n<\/td>\n
\n \n384\n<\/p>\n<\/td>\n
\n \n361\n<\/p>\n<\/td>\n<\/tr>\n
\n \n Shareholders\u2019 equity<\/b><\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nPreferred stock, \u20ac1.27 par value, 150,000 shares authorized and 50,000 shares issued and outstanding for 5% preferred stock and 872,000 shares authorized, issued and outstanding for 7% ‘A’ preferred stock, as of September 30, 2025, December 31, 2024, and September 30, 2024\n<\/p>\n<\/td>\n
\n 1<\/b><\/p>\n<\/td>\n
\n \n1\n<\/p>\n<\/td>\n
\n \n1\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nCommon stock, \u20ac0.32 par value, 1,250,000,000 shares authorized; 709,054,314, 718,647,277 and 721,319,880 issued and outstanding, as of September 30, 2025, December 31, 2024, and September 30, 2024 respectively\n<\/p>\n<\/td>\n
\n 287<\/b><\/p>\n<\/td>\n
\n \n290\n<\/p>\n<\/td>\n
\n \n291\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nTreasury stock, at cost (38,581,568, 41,355,384 and 41,493,074 shares as of September 30, 2025, December 31, 2024 and September 30, 2024 respectively)\n<\/p>\n<\/td>\n
\n (2,027)<\/b><\/p>\n<\/td>\n
\n \n(2,137)\n<\/p>\n<\/td>\n
\n \n(2,141)\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nAdditional paid-in capital\n<\/p>\n<\/td>\n
\n 361<\/b><\/p>\n<\/td>\n
\n \n422\n<\/p>\n<\/td>\n
\n \n392\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nAccumulated other comprehensive loss\n<\/p>\n<\/td>\n
\n (381)<\/b><\/p>\n<\/td>\n
\n \n(1,005)\n<\/p>\n<\/td>\n
\n \n(499)\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nRetained earnings\n<\/p>\n<\/td>\n
\n 25,068<\/b><\/p>\n<\/td>\n
\n \n24,036\n<\/p>\n<\/td>\n
\n \n23,831\n<\/p>\n<\/td>\n<\/tr>\n
\n \n Total shareholders\u2019 equity attributable to CRH shareholders<\/b><\/p>\n<\/td>\n
\n 23,309<\/b><\/p>\n<\/td>\n
\n \n21,607\n<\/p>\n<\/td>\n
\n \n21,875\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nNoncontrolling interests\n<\/p>\n<\/td>\n
\n 901<\/b><\/p>\n<\/td>\n
\n \n859\n<\/p>\n<\/td>\n
\n \n930\n<\/p>\n<\/td>\n<\/tr>\n
\n \n Total equity<\/b><\/p>\n<\/td>\n
\n 24,210<\/b><\/p>\n<\/td>\n
\n \n22,466\n<\/p>\n<\/td>\n
\n \n22,805\n<\/p>\n<\/td>\n<\/tr>\n
\n \n Total liabilities, redeemable noncontrolling interests and equity<\/b><\/p>\n<\/td>\n
\n 58,527<\/b><\/p>\n<\/td>\n
\n \n50,613\n<\/p>\n<\/td>\n
\n \n51,221\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n
\n
\n \n Condensed Consolidated Statements of Cash Flows (Unaudited)<\/b><\/p>\n
(in $ millions)<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \u00a0<\/td>\n<\/tr>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n Nine months ended<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n September 30<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 2025<\/b><\/p>\n<\/td>\n
\n \n2024\n<\/p>\n<\/td>\n<\/tr>\n
\n \n Cash Flows from Operating Activities:<\/b><\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nNet income\n<\/p>\n<\/td>\n
\n 2,753<\/b><\/p>\n<\/td>\n
\n \n2,812\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nAdjustments to reconcile net income to net cash provided by operating activities:\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nDepreciation, depletion, amortization and impairment\n<\/p>\n<\/td>\n
\n 1,606<\/b><\/p>\n<\/td>\n
\n \n1,288\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nShare-based compensation\n<\/p>\n<\/td>\n
\n 104<\/b><\/p>\n<\/td>\n
\n \n96\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nGains on disposals from businesses and long-lived assets, net\n<\/p>\n<\/td>\n
\n (126)<\/b><\/p>\n<\/td>\n
\n \n(389)\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nDeferred tax expense\n<\/p>\n<\/td>\n
\n 175<\/b><\/p>\n<\/td>\n
\n \n195\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nIncome from equity method investments\n<\/p>\n<\/td>\n
\n (17)<\/b><\/p>\n<\/td>\n
\n \n(27)\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nPension and other postretirement benefits net periodic benefit cost\n<\/p>\n<\/td>\n
\n 17<\/b><\/p>\n<\/td>\n
\n \n27\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nNon-cash operating lease costs\n<\/p>\n<\/td>\n
\n 208<\/b><\/p>\n<\/td>\n
\n \n188\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nOther items, net\n<\/p>\n<\/td>\n
\n 5<\/b><\/p>\n<\/td>\n
\n \n(17)\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nChanges in operating assets and liabilities, net of effects of acquisitions and divestitures:\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nAccounts receivable, net\n<\/p>\n<\/td>\n
\n (1,940)<\/b><\/p>\n<\/td>\n
\n \n(1,527)\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nInventories\n<\/p>\n<\/td>\n
\n (24)<\/b><\/p>\n<\/td>\n
\n \n(45)\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nAccounts payable\n<\/p>\n<\/td>\n
\n (264)<\/b><\/p>\n<\/td>\n
\n \n(276)\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nOperating lease liabilities\n<\/p>\n<\/td>\n
\n (226)<\/b><\/p>\n<\/td>\n
\n \n(218)\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nOther assets\n<\/p>\n<\/td>\n
\n (163)<\/b><\/p>\n<\/td>\n
\n \n(311)\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nOther liabilities\n<\/p>\n<\/td>\n
\n 632<\/b><\/p>\n<\/td>\n
\n \n498\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nPension and other postretirement benefits contributions\n<\/p>\n<\/td>\n
\n (30)<\/b><\/p>\n<\/td>\n
\n \n(35)\n<\/p>\n<\/td>\n<\/tr>\n
\n \n Net cash provided by operating activities<\/b><\/p>\n<\/td>\n
\n 2,710<\/b><\/p>\n<\/td>\n
\n \n2,259\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n \n Cash Flows from Investing Activities:<\/b><\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nPurchases of property, plant and equipment, and intangibles\n<\/p>\n<\/td>\n
\n (1,892)<\/b><\/p>\n<\/td>\n
\n \n(1,635)\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nAcquisitions, net of cash acquired\n<\/p>\n<\/td>\n
\n (3,121)<\/b><\/p>\n<\/td>\n
\n \n(3,853)\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nProceeds from divestitures\n<\/p>\n<\/td>\n
\n 52<\/b><\/p>\n<\/td>\n
\n \n977\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nProceeds from disposal of long-lived assets\n<\/p>\n<\/td>\n
\n 183<\/b><\/p>\n<\/td>\n
\n \n203\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nDividends received from equity method investments\n<\/p>\n<\/td>\n
\n 23<\/b><\/p>\n<\/td>\n
\n \n22\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nSettlements of derivatives\n<\/p>\n<\/td>\n
\n (72)<\/b><\/p>\n<\/td>\n
\n \n(21)\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nDeferred divestiture consideration received\n<\/p>\n<\/td>\n
\n 40<\/b><\/p>\n<\/td>\n
\n \n82\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nOther investing activities, net\n<\/p>\n<\/td>\n
\n 82<\/b><\/p>\n<\/td>\n
\n \n(180)\n<\/p>\n<\/td>\n<\/tr>\n
\n \n Net cash used in investing activities<\/b><\/p>\n<\/td>\n
\n (4,705)<\/b><\/p>\n<\/td>\n
\n \n(4,405)\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n
\n
\n \n Condensed Consolidated Statements of Cash Flows (Unaudited)<\/b><\/p>\n
(in $ millions)<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \u00a0<\/td>\n<\/tr>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n Nine months ended<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n September 30<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 2025<\/b><\/p>\n<\/td>\n
\n \n2024\n<\/p>\n<\/td>\n<\/tr>\n
\n \n Cash Flows from Financing Activities:<\/b><\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nProceeds from debt issuances\n<\/p>\n<\/td>\n
\n 7,760<\/b><\/p>\n<\/td>\n
\n \n3,452\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nPayments on debt\n<\/p>\n<\/td>\n
\n (3,697)<\/b><\/p>\n<\/td>\n
\n \n(1,854)\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nSettlements of derivatives\n<\/p>\n<\/td>\n
\n 120<\/b><\/p>\n<\/td>\n
\n \n34\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nPayments of finance lease obligations\n<\/p>\n<\/td>\n
\n (73)<\/b><\/p>\n<\/td>\n
\n \n(37)\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nDeferred and contingent acquisition consideration paid\n<\/p>\n<\/td>\n
\n (28)<\/b><\/p>\n<\/td>\n
\n \n(16)\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nDividends paid\n<\/p>\n<\/td>\n
\n (749)<\/b><\/p>\n<\/td>\n
\n \n(1,469)\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nDistributions to noncontrolling and redeemable noncontrolling interests\n<\/p>\n<\/td>\n
\n (31)<\/b><\/p>\n<\/td>\n
\n \n(33)\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nTransactions involving noncontrolling interests\n<\/p>\n<\/td>\n
\n 2<\/b><\/p>\n<\/td>\n
\n \n\u2013\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nRepurchases of common stock\n<\/p>\n<\/td>\n
\n (930)<\/b><\/p>\n<\/td>\n
\n \n(1,224)\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nAmounts related to employee share plans\n<\/p>\n<\/td>\n
\n (55)<\/b><\/p>\n<\/td>\n
\n \n3\n<\/p>\n<\/td>\n<\/tr>\n
\n \n Net cash provided by (used in) financing activities<\/b><\/p>\n<\/td>\n
\n 2,319<\/b><\/p>\n<\/td>\n
\n \n(1,144)\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nEffect of exchange rate changes on cash and cash equivalents, including restricted cash\n<\/p>\n<\/td>\n
\n 205<\/b><\/p>\n<\/td>\n
\n \n(20)\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nIncrease\/(decrease) in cash and cash equivalents, including restricted cash\n<\/p>\n<\/td>\n
\n 529<\/b><\/p>\n<\/td>\n
\n \n(3,310)\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nCash and cash equivalents and restricted cash at the beginning of period\n<\/p>\n<\/td>\n
\n 3,759<\/b><\/p>\n<\/td>\n
\n \n6,390\n<\/p>\n<\/td>\n<\/tr>\n
\n \n Cash and cash equivalents and restricted cash at the end of period<\/b><\/p>\n<\/td>\n
\n 4,288<\/b><\/p>\n<\/td>\n
\n \n3,080\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n \n Supplemental cash flow information:<\/b><\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nCash paid for interest (including finance leases)\n<\/p>\n<\/td>\n
\n 494<\/b><\/p>\n<\/td>\n
\n \n372\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nCash paid for income taxes\n<\/p>\n<\/td>\n
\n 380<\/b><\/p>\n<\/td>\n
\n \n654\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n \n Reconciliation of cash and cash equivalents and restricted cash<\/b><\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nCash and cash equivalents presented in the Condensed Consolidated Balance Sheets\n<\/p>\n<\/td>\n
\n 4,198<\/b><\/p>\n<\/td>\n
\n \n2,978\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nRestricted cash presented in the Condensed Consolidated Balance Sheets\n<\/p>\n<\/td>\n
\n 90<\/b><\/p>\n<\/td>\n
\n \n102\n<\/p>\n<\/td>\n<\/tr>\n
\n \n Total cash and cash equivalents and restricted cash presented in the Condensed Consolidated Statements of Cash Flows<\/b><\/p>\n<\/td>\n
\n 4,288<\/b><\/p>\n<\/td>\n
\n \n3,080\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n
Appendix 2 – Non-GAAP Reconciliation and Supplementary Information<\/b><\/p>\n
\nCRH uses a number of non-GAAP performance measures to monitor financial performance. These measures are referred to throughout the discussion of our reported financial position and operating performance on a continuing operations basis unless otherwise defined and are measures which are regularly reviewed by CRH management. These performance measures may not be uniformly defined by all companies and accordingly may not be directly comparable with similarly titled measures and disclosures by other companies.\n<\/p>\n
\nCertain information presented is derived from amounts calculated in accordance with U.S. GAAP but is not itself an expressly permitted GAAP measure. The non-GAAP performance measures as summarized below should not be viewed in isolation or as an alternative to the equivalent GAAP measure.\n<\/p>\n
Adjusted EBITDA:<\/i><\/b> Adjusted EBITDA is defined as earnings from continuing operations before interest, taxes, depreciation, depletion, amortization, loss on impairments, gain\/loss on divestitures and investments, income\/loss from equity method investments, substantial acquisition-related costs and pension expense\/income excluding current service cost component. It is quoted by management in conjunction with other GAAP and non-GAAP financial measures to aid investors in their analysis of the performance of the Company. Adjusted EBITDA by segment is monitored by management in order to allocate resources between segments and to assess performance.Adjusted EBITDA margin<\/i><\/b> is calculated by expressing Adjusted EBITDA as a percentage of total revenues.\n<\/p>\n
\nA reconciliation to the most directly comparable GAAP measure is presented below:\n<\/p>\n
\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n Three months ended<\/b><\/p>\n<\/td>\n
\n Nine months ended<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n September 30<\/b><\/p>\n<\/td>\n
\n September 30<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n in $ millions<\/i><\/b><\/p>\n<\/td>\n
\n 2025<\/b><\/p>\n<\/td>\n
\n \n2024\n<\/p>\n<\/td>\n
\n 2025<\/b><\/p>\n<\/td>\n
\n \n2024\n<\/p>\n<\/td>\n<\/tr>\n
\n \n Net income<\/b><\/p>\n<\/td>\n
\n 1,519<\/b><\/p>\n<\/td>\n
\n \n1,389\n<\/p>\n<\/td>\n
\n 2,753<\/b><\/p>\n<\/td>\n
\n \n2,812\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nIncome from equity method investments\n<\/p>\n<\/td>\n
\n (26)<\/b><\/p>\n<\/td>\n
\n \n(25)\n<\/p>\n<\/td>\n
\n (17)<\/b><\/p>\n<\/td>\n
\n \n(27)\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nIncome tax expense\n<\/p>\n<\/td>\n
\n 428<\/b><\/p>\n<\/td>\n
\n \n531\n<\/p>\n<\/td>\n
\n 795<\/b><\/p>\n<\/td>\n
\n \n942\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \n(Gain) loss on divestitures and investments (i)\n<\/p>\n<\/td>\n
\n (4)<\/b><\/p>\n<\/td>\n
\n \n(59)\n<\/p>\n<\/td>\n
\n 38<\/b><\/p>\n<\/td>\n
\n \n(242)\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nPension income excluding current service cost component (i)\n<\/p>\n<\/td>\n
\n (5)<\/b><\/p>\n<\/td>\n
\n \n(1)\n<\/p>\n<\/td>\n
\n (14)<\/b><\/p>\n<\/td>\n
\n \n(3)\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nOther interest, net (i)\n<\/p>\n<\/td>\n
\n (3)<\/b><\/p>\n<\/td>\n
\n \n(2)\n<\/p>\n<\/td>\n
\n (7)<\/b><\/p>\n<\/td>\n
\n \n(1)\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nInterest expense\n<\/p>\n<\/td>\n
\n 209<\/b><\/p>\n<\/td>\n
\n \n164\n<\/p>\n<\/td>\n
\n 590<\/b><\/p>\n<\/td>\n
\n \n452\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nInterest income\n<\/p>\n<\/td>\n
\n (37)<\/b><\/p>\n<\/td>\n
\n \n(33)\n<\/p>\n<\/td>\n
\n (104)<\/b><\/p>\n<\/td>\n
\n \n(112)\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nDepreciation, depletion, amortization and impairment\n<\/p>\n<\/td>\n
\n 601<\/b><\/p>\n<\/td>\n
\n \n467\n<\/p>\n<\/td>\n
\n 1,606<\/b><\/p>\n<\/td>\n
\n \n1,288\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nSubstantial acquisition-related costs (ii)\n<\/p>\n<\/td>\n
\n 13<\/b><\/p>\n<\/td>\n
\n \n23\n<\/p>\n<\/td>\n
\n 13<\/b><\/p>\n<\/td>\n
\n \n45\n<\/p>\n<\/td>\n<\/tr>\n
\n \n Adjusted EBITDA<\/b><\/p>\n<\/td>\n
\n 2,695<\/b><\/p>\n<\/td>\n
\n \n2,454\n<\/p>\n<\/td>\n
\n 5,653<\/b><\/p>\n<\/td>\n
\n \n5,154\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nTotal revenues\n<\/p>\n<\/td>\n
\n 11,069<\/b><\/p>\n<\/td>\n
\n \n10,515\n<\/p>\n<\/td>\n
\n 28,031<\/b><\/p>\n<\/td>\n
\n \n26,702\n<\/p>\n<\/td>\n<\/tr>\n
\n \n Net income margin<\/b><\/p>\n<\/td>\n
\n 13.7%<\/b><\/p>\n<\/td>\n
\n \n13.2%\n<\/p>\n<\/td>\n
\n 9.8%<\/b><\/p>\n<\/td>\n
\n \n10.5%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n Adjusted EBITDA margin<\/b><\/p>\n<\/td>\n
\n 24.3%<\/b><\/p>\n<\/td>\n
\n \n23.3%\n<\/p>\n<\/td>\n
\n 20.2%<\/b><\/p>\n<\/td>\n
\n \n19.3%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n \n (i) (Gain) loss on divestitures and investments, pension income excluding current service cost component and other interest, net have been included in Other nonoperating (expense) income, net in the Condensed Consolidated Statements of Income.<\/sup><\/p>\n<\/td>\n<\/tr>\n
\n \n (ii) Represents expenses associated with non-routine substantial acquisitions, which meet the criteria for being separately reported in Note 3 \u201cAcquisitions\u201d of the unaudited financial statements in the Quarterly Report on Form 10-Q. Expenses primarily include legal and consulting expenses related to these non-routine substantial acquisitions.<\/sup><\/p>\n<\/td>\n<\/tr>\n<\/table>\n
\nA reconciliation to the most directly comparable GAAP measure for the mid-point of the 2025 Adjusted EBITDA guidance is presented below:\n<\/p>\n
\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n Updated Guidance<\/b><\/p>\n<\/td>\n
\n Previous Guidance<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n in $ billions<\/i><\/b><\/p>\n<\/td>\n
\n 2025<\/b><\/p>\n
Mid-Point<\/b><\/p>\n<\/td>\n
\n 2025<\/b><\/p>\n
Mid-Point<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n Net income<\/b><\/p>\n<\/td>\n
\n \n3.85\n<\/p>\n<\/td>\n
\n \n3.9\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nIncome tax expense\n<\/p>\n<\/td>\n
\n \n1.00\n<\/p>\n<\/td>\n
\n \n1.1\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nInterest expense, net\n<\/p>\n<\/td>\n
\n \n0.65\n<\/p>\n<\/td>\n
\n \n0.6\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nDepreciation, depletion, amortization and impairment\n<\/p>\n<\/td>\n
\n \n2.20\n<\/p>\n<\/td>\n
\n \n2.1\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nOther (i)\n<\/p>\n<\/td>\n
\n \n(0.05)\n<\/p>\n<\/td>\n
\n \n(0.1)\n<\/p>\n<\/td>\n<\/tr>\n
\n \n Adjusted EBITDA<\/b><\/p>\n<\/td>\n
\n \n7.65\n<\/p>\n<\/td>\n
\n \n7.6\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n \n (i) Other primarily relates to (income) loss from equity method investments and other nonoperating (income) expense, net.<\/sup><\/p>\n<\/td>\n<\/tr>\n<\/table>\n
Net Debt: <\/i><\/b>Net Debt is used by management as it gives additional insight into the Company\u2019s current debt position less available cash. Net Debt is provided to enable investors to see the economic effect of gross debt, related hedges and cash and cash equivalents in total. Net Debt comprises short and long-term debt, finance lease liabilities, cash and cash equivalents and current and noncurrent derivative financial instruments (net).\n<\/p>\n
\nA reconciliation to the most directly comparable GAAP measure is presented below:\n<\/p>\n
\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n September 30<\/b><\/p>\n<\/td>\n
\n \nDecember 31\n<\/p>\n<\/td>\n
\n \nSeptember 30\n<\/p>\n<\/td>\n<\/tr>\n
\n \n in $ millions<\/i><\/b><\/p>\n<\/td>\n
\n 2025<\/b><\/p>\n<\/td>\n
\n \n2024\n<\/p>\n<\/td>\n
\n \n2024\n<\/p>\n<\/td>\n<\/tr>\n
\n \n Short and long-term debt<\/b><\/p>\n<\/td>\n
\n (18,702)<\/b><\/p>\n<\/td>\n
\n \n(13,968)\n<\/p>\n<\/td>\n
\n \n(13,890)\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nCash and cash equivalents\n<\/p>\n<\/td>\n
\n 4,198<\/b><\/p>\n<\/td>\n
\n \n3,720\n<\/p>\n<\/td>\n
\n \n2,978\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nFinance lease liabilities\n<\/p>\n<\/td>\n
\n (506)<\/b><\/p>\n<\/td>\n
\n \n(257)\n<\/p>\n<\/td>\n
\n \n(228)\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nDerivative financial instruments (net)\n<\/p>\n<\/td>\n
\n 4<\/b><\/p>\n<\/td>\n
\n \n(27)\n<\/p>\n<\/td>\n
\n \n(35)\n<\/p>\n<\/td>\n<\/tr>\n
\n \n Net Debt<\/b><\/p>\n<\/td>\n
\n (15,006)<\/b><\/p>\n<\/td>\n
\n \n(10,532)\n<\/p>\n<\/td>\n
\n \n(11,175)\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n
Appendix 3 – Disclaimer\/Forward-Looking Statements<\/b><\/p>\n
\nIn order to rely upon the \u201cSafe Harbor\u201d provisions of the United States Private Securities Litigation Reform Act of 1995, CRH is providing the following cautionary statement.\n<\/p>\n
\nThis document contains statements that are, or may be deemed to be, forward-looking statements with respect to the financial condition, results of operations, business, viability and future performance of CRH and certain of the plans and objectives of CRH. These forward-looking statements may generally, but not always, be identified by the use of words such as \u201cwill\u201d, \u201canticipates\u201d, \u201cshould\u201d, \u201ccould\u201d, \u201cwould\u201d, \u201ctargets\u201d, \u201caims\u201d, \u201cmay\u201d, \u201ccontinues\u201d, \u201cexpects\u201d, \u201cis expected to\u201d, \u201cestimates\u201d, \u201cbelieves\u201d, \u201cintends\u201d or similar expressions. These forward-looking statements include all matters that are not historical facts or matters of fact at the date of this document.\n<\/p>\n
\nIn particular, the following, among other statements, are all forward-looking in nature: plans and expectations regarding outlook for 2025 and 2026, including favorable market dynamics and demand among CRH’s platforms; plans and expectations regarding public investment in infrastructure and reindustrialization activity; plans and expectations regarding pricing momentum, costs, demand, and trends in residential and non-residential markets and macroeconomic and other market trends and dynamics in key end-markets and other regions where CRH operates; expectations with respect to the impact of further potential changes to global trade policies; plans and expectations regarding acquisitions and divestitures and resulting synergies, benefits and contributions; statements regarding the M&A pipeline and other value-accretive opportunities; statements regarding the expectations and benefits of the acquisition and integration of Eco Material; statements regarding CRH’s position to meet growing demand for cementitious products; plans and expectations regarding return of cash to shareholders, including the timing, consistency and amount of share buybacks and dividends; expectations regarding CRH’s credit rating with each of the three main ratings agencies; and plans and expectations regarding CRH’s 2025 full year performance, including net income, Adjusted EBITDA, diluted EPS, capital expenditures, assumed interest expense and assumed effective tax rate.\n<\/p>\n
\nBy their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that may or may not occur in the future and reflect the Company\u2019s current expectations and assumptions as to such future events and circumstances that may not prove accurate. You are cautioned not to place undue reliance on any forward-looking statements. These forward-looking statements are made as of the date of this document. The Company expressly disclaims any obligation or undertaking to publicly update or revise these forward-looking statements other than as required by applicable law.\n<\/p>\n
\nA number of material factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements, certain of which are beyond our control, and which include, among other factors: economic and financial conditions, including changes in interest rates, inflation, price volatility and\/or labor and materials shortages\u037e industry cyclicality and the demand for infrastructure, residential and non-residential construction and our products in geographic markets in which we operate\u037e increased competition and its impact on prices and market position\u037e increases in energy, labor and\/or other raw materials costs\u037e adverse changes to laws and regulations, including in relation to climate change\u037e the impact of unfavorable weather\u037e investor and\/or consumer sentiment regarding the importance of sustainable practices and products\u037e availability of, or reductions or delays to, public sector funding for infrastructure programs\u037e political uncertainty, including as a result of political and social conditions in the jurisdictions CRH operates in, or adverse public policy, economic, social and political developments, including the ongoing geopolitical conflicts in Ukraine and the Middle East\u037e failure to complete or successfully integrate acquisitions or make timely divestitures\u037e cyberattacks and exposure of associates, contractors, customers, suppliers and other individuals to health and safety risks, including due to product failures. Additional factors, risks and uncertainties that could cause actual outcomes and results to be materially different from those expressed by the forward-looking statements in this report include the risks and uncertainties described under \u201cRisk Factors\u201d in Part 1, Item 1A in CRH\u2019s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 as filed with the SEC and in CRH’s other filings with the SEC.\n<\/p>\n
<\/p>\n
View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20251105527932\/en\/<\/a><\/span><\/p>\n
\nTom Holmes
\n
Head of Investor Relations
\n
tholmes@crh.com
\n<\/a><\/p>\nLauren Schulz
\n
Chief Communications Officer
\n
lschulz@crh.com<\/a><\/p>\nKEYWORDS:<\/b> New York United States North America<\/p>\n
INDUSTRY KEYWORDS:<\/b> Other Construction & Property Construction & Property Other Manufacturing Manufacturing<\/p>\n
- \n2026 outlook positive across key end-markets; underpinned by unmatched scale and connected portfolio\n<\/li>\n<\/ul>\n
- \nDeclaring quarterly dividend of $0.37 per share (+6% YoY)\n<\/li>\n<\/ul>\n
- \n$3.5bn invested in 27 value-accretive acquisitions year-to-date with attractive pipeline of opportunities\n<\/li>\n<\/ul>\n
- \nFavorable underlying demand, positive pricing momentum and contributions from acquisitions\n<\/li>\n<\/ul>\n
- \nSuperior Strategy and Leading Performance driving 9% Net income and 10% Adjusted EBITDA* growth in Q3\n<\/li>\n<\/ul>\n
- \nContinued performance delivery through Our Growth Algorithm and the CRH Winning Way\n<\/li>\n<\/ul>\n
- \nRecord Q3; further expansion in Net income margin (+50bps) and Adjusted EBITDA* margin (+100bps)\n<\/li>\n<\/ul>\n
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<\/td>\n<\/tr>\n