Financial Data and Key Metrics Changes - CRH reported total revenues of $11.1 billion for Q3 2025, a 5% increase year-over-year, driven by positive underlying demand and pricing momentum [6][7] - Adjusted EBITDA reached $2.7 billion, marking a record for CRH and a 10% increase compared to the previous year, with a margin expansion of 100 basis points [6][7][16] - Diluted earnings per share increased by 12% year-over-year, reflecting the company's strong financial performance [7] Business Line Data and Key Metrics Changes - Americas Materials Solutions saw total revenues and adjusted EBITDA increase by 65%, supported by strong demand and pricing momentum, with aggregates pricing up 4% [11] - Americas Building Solutions experienced a 2% revenue growth, translating into a 22% increase in adjusted EBITDA, driven by robust demand in data centers and outdoor living [13][14] - International Solutions reported a 5% revenue increase and a 15% rise in adjusted EBITDA, with margin expansion of 170 basis points, benefiting from pricing momentum and acquisitions [14][15] Market Data and Key Metrics Changes - The company is well-positioned to capitalize on megatrends in transportation, water, and reindustrialization, which are expected to drive above-market growth [8][29] - Strong state and federal funding for transportation infrastructure continues to support CRH's growth, with 60% of the IIJA funds yet to be deployed [29][30] Company Strategy and Development Direction - CRH's strategy focuses on investing in high-growth markets and leveraging its connected portfolio across four platforms: aggregates, cementitious, roads, and water [5][19] - The company aims to maintain its leadership position in North America by capitalizing on infrastructure megatrends and enhancing its operational efficiencies [8][19] Management's Comments on Operating Environment and Future Outlook - Management expressed a positive outlook for 2026, highlighting strong demand in transportation and water infrastructure, as well as continued growth in reindustrialization [29][30] - The company anticipates a 10% growth in adjusted EBITDA for the full year 2025, with net income expected between $3.8 billion and $3.9 billion [28] Other Important Information - CRH has invested $3.5 billion in 27 acquisitions year-to-date, strengthening its market position and connected portfolio [5][17] - The company has returned over $700 million to shareholders through dividends and share buybacks, with a quarterly dividend increase of 6% [17][18] Q&A Session Summary Question: Expectations for 2026 regarding volume, price, and M&A contributions - Management indicated a positive outlook for 2026, particularly in transportation and water infrastructure, with strong funding and demand expected [35][36] - Volume and pricing for aggregates and cement are projected to improve, with a positive bidding environment and increased backlogs [44][46] Question: Margin trends and pricing across divisions - Management noted a consistent margin improvement trend, with no structural ceiling anticipated, and emphasized the importance of the CRH Winning Way in driving performance [50][51] - The company expects another year of margin expansion, supported by ongoing operational improvements and pricing momentum [54] Question: Key drivers of updated 2025 guidance - The updated guidance reflects strong Q3 performance, contributions from acquisitions, and a solid demand backdrop [56][58] - Management highlighted the importance of land sales and asset optimization in driving performance [59] Question: Performance drivers in Americas Building Solutions - Strong demand in reindustrialization, particularly for data centers, has driven performance, with a focus on quality and speed of delivery [66][67] - Outdoor living business has shown resilience, supported by effective customer engagement and logistics [69] Question: Visibility on infrastructure funding and highway bill reauthorization - Management confirmed strong visibility in the roads business, with significant IIJA funds yet to be deployed and positive early discussions regarding new highway legislation [75][80]

Disclaimer Unless the context otherwise provides, "we," "us," "our," "CRH", the "Company" and like terms refer to CRH plc and its consolidated subsidiaries. Forward-Looking Statements In order to rely upon the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995, CRH is providing the following cautionary statement. This presentation contains statements that are, or may be deemed to be, forward-looking statements with respect to the financial condition, results of op ...

Core Insights - CRH reported revenue of $11.07 billion for Q3 2025, a year-over-year increase of 5.3%, with EPS of $2.21 compared to $1.88 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $11.26 billion, resulting in a surprise of -1.67%, while the EPS exceeded the consensus estimate of $2.15, yielding a surprise of +2.79% [1] Revenue Breakdown - Revenue from Americas Materials Solutions was $5.64 billion, slightly below the estimated $5.71 billion, reflecting a year-over-year increase of 6.4% [4] - Revenue from International Solutions was reported at $3.64 billion, compared to the average estimate of $3.74 billion [4] - Revenue from Americas Building Solutions was $1.8 billion, slightly below the estimated $1.81 billion, with a year-over-year change of +2.3% [4] Stock Performance - CRH shares have returned +0.8% over the past month, compared to a +1% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Financial Performance - Total revenues for Q3 2025 increased by 5% to $11.1 billion compared to Q3 2024, driven by positive demand and contributions from acquisitions[115] - Net income for Q3 2025 rose by $130 million to $1.5 billion, with an adjusted EBITDA of $2.7 billion, reflecting a 10% increase[115] - For the nine months ended September 30, 2025, total revenues reached $28.0 billion, also a 5% increase from the same period in 2024[127] - Gross profit for Q3 2025 was $4.3 billion, a 6% increase from Q3 2024, with a gross profit margin of 38.9%[128] - The net income margin for Q3 2025 was 13.7%, an increase of 50 basis points from the previous year[115] - Net income for the three months ended September 30, 2025, was $1.5 billion, an increase of $130 million from the comparable period in 2024[142] - Net income for the nine months ended September 30, 2025, was $3.607 billion, compared to $1.050 billion for the year ended December 31, 2024[207] Acquisitions and Investments - CRH completed nine acquisitions in Q3 2025 for a total consideration of $2.5 billion, compared to $1.4 billion in Q3 2024[117] - Net cash used in investing activities was $4.705 billion for the nine months ended September 30, 2025, with $3.1 billion spent on acquisitions, down from $3.9 billion in 2024[189] Shareholder Returns - Cash returned to shareholders through share buybacks was $0.9 billion, a decrease of $0.1 billion compared to the first nine months of the prior year[121] - The company repurchased approximately 9.6 million Ordinary Shares for a total consideration of $0.9 billion in the first nine months of 2025[183] Revenue Breakdown - Total revenues for Americas Materials Solutions for the three months ended September 30, 2025, were $5.637 billion, a 6% increase compared to the same period in 2024[148] - Total revenues for International Solutions for the nine months ended September 30, 2025, were $10.004 billion, an 8% increase compared to the same period in 2024[166] - Total revenues in Essential Materials for the nine months ended September 30, 2025, increased by 9% compared to the prior year, driven by favorable pricing and acquisitions[167] EBITDA and Margins - Adjusted EBITDA for Americas Building Solutions for the three months ended September 30, 2025, was $432 million, a 22% increase from the comparable period in 2024[156] - Adjusted EBITDA for International Solutions increased by 19% to $1.578 billion for the nine months ended September 30, 2025[166] - Adjusted EBITDA margin for Americas Materials Solutions was 27.6% for the three months ended September 30, 2025, down from 28.0% in the prior year[148] - Adjusted EBITDA in International Solutions increased by 19% compared to the same period in 2024, with a 150bps rise in adjusted EBITDA margin[169] Expenses and Costs - Selling, general and administrative expenses for Q3 2025 were $2.3 billion, up 7% from the same period in 2024, primarily due to increased labor costs[132] - Interest expense for Q3 2025 was $209 million, an increase of $45 million from Q3 2024, attributed to higher gross debt balances[136] Cash Flow and Debt - Net cash provided by operating activities was $2.710 billion for the nine months ended September 30, 2025, an increase of $0.451 billion from $2.259 billion in 2024[187] - Net Debt at September 30, 2025, was $15.006 billion, an increase from $10.532 billion at December 31, 2024[176] - As of September 30, 2025, the Company had a total debt of $18.8 billion, with $3.982 billion due within one year and $6.075 billion due in more than five years[198] Tax and Rates - Effective tax rate for the three months ended September 30, 2025, was 22%, down from 28% in the comparable period in 2024[139] Currency and Commodity Risks - A 10% weakening in foreign currency exchange rates versus the U.S. Dollar would increase the fair market value of foreign currency contracts by approximately $20 million as of September 30, 2025[222] - The Company manages commodity price risks through negotiated supply contracts and forward contracts, focusing on materials like oil, electricity, coal, and carbon credits[223] - Derivative hedging programs are in place to neutralize variability from changes in commodity indices, with a timeframe of up to four years[224]

Financial Performance - Total revenues for Q3 2025 were $11.1 billion, a 5% increase from $10.5 billion in Q3 2024[2] - Net income rose to $1.5 billion, reflecting a 9% increase compared to $1.4 billion in the prior year[2] - Adjusted EBITDA for the quarter was $2.7 billion, up 10% from $2.5 billion in Q3 2024[2] - The net income margin improved to 13.7%, an increase of 50 basis points from 13.2% in Q3 2024[2] - Net income for the nine months ended September 30, 2025, was $2,753 million, slightly down from $2,812 million in the same period of 2024[25] - Adjusted EBITDA for the nine months ended September 30, 2025, reached $5,653 million, an increase of 9.7% compared to $5,154 million in 2024[32] Shareholder Returns - The company returned $1.1 billion to shareholders year-to-date through share buybacks and dividends[3] - The company declared a quarterly dividend of $0.37 per share, representing a 6% increase year-over-year[13] - CRH is committed to returning cash to shareholders through share buybacks and dividends, with plans for timing and consistency[40] Acquisitions and Growth - CRH completed nine acquisitions totaling $2.5 billion during the quarter, contributing to growth[3] - The company is focused on acquisitions and divestitures, aiming for synergies and benefits from its M&A pipeline[40] Debt and Cash Position - Net debt increased to $15.0 billion as of September 30, 2025, compared to $10.5 billion at the end of 2024[12] - Net Debt as of September 30, 2025, was $(15,006) million, compared to $(10,532) million at December 31, 2024, showing an increase in cash position relative to debt[36] - Proceeds from debt issuances in the nine months ended September 30, 2025, amounted to $7,760 million, significantly higher than $3,452 million in the same period of 2024[27] - Cash paid for interest in the nine months ended September 30, 2025, was $494 million, compared to $372 million in 2024, reflecting an increase of 32.8%[27] Market Outlook - Looking ahead to 2026, CRH expects favorable market dynamics supported by public investment in infrastructure[14] - The company expects favorable market dynamics and demand across its platforms for 2025 and 2026[40] - CRH anticipates public investment in infrastructure and reindustrialization activities to positively impact its performance[40] Guidance and Expectations - CRH raised its Adjusted EBITDA guidance for 2025, indicating a strong outlook for the year[5] - The company updated its 2025 Adjusted EBITDA guidance to a mid-point of $7.65 billion, slightly up from the previous guidance of $7.6 billion[34] - Expectations for 2025 include net income, Adjusted EBITDA, diluted EPS, capital expenditures, assumed interest expense, and effective tax rate[40] Risks and Challenges - The company acknowledges risks such as economic conditions, competition, and regulatory changes that could impact future results[42] - CRH is aware of potential impacts from geopolitical conflicts and public sector funding delays for infrastructure programs[42] Sustainability - CRH emphasizes the importance of sustainable practices and products in response to investor and consumer sentiment[42]

Core Insights - CRH is a significant global provider of building materials, operating in a competitive industry alongside key players like LafargeHolcim and HeidelbergCement [1] - The company's financial performance is essential for investors, reflecting its market position and shareholder value delivery [1] Financial Performance - On November 5, 2025, CRH reported an earnings per share (EPS) of $1.94, matching market expectations [2][6] - The company generated revenue of approximately $10.21 billion, slightly exceeding the estimated revenue of about $10.15 billion, indicating consistent financial results [2][6] Valuation Metrics - CRH's price-to-earnings (P/E) ratio is approximately 27.17, suggesting investor confidence in future growth [3][6] - The price-to-sales ratio is about 2.40, reflecting the value investors place on each dollar of sales [3] - The enterprise value to sales ratio is around 2.83, highlighting the company's total valuation relative to its sales [3] Cash Flow and Debt Management - The enterprise value to operating cash flow ratio is approximately 20.58, indicating valuation in relation to cash flow from operations [4] - An earnings yield of about 3.68% provides insight into the company's profitability [4] - The debt-to-equity ratio is approximately 0.77, indicating a balanced financial structure with moderate debt levels [4] Liquidity and Future Outlook - CRH's current ratio of around 1.74 demonstrates its ability to cover short-term liabilities with short-term assets, ensuring financial stability [5] - The upcoming Q3 2025 financial results release and conference call will provide further insights into the company's performance and strategic direction [5]

Company Performance - CRH closed at $117.23, reflecting a -1.06% change from the previous day, underperforming the S&P 500's daily loss of 0.99% [1] - Over the past month, CRH shares experienced a loss of 1.14%, lagging behind the Construction sector's gain of 0.11% and the S&P 500's gain of 3.59% [1] Upcoming Earnings - CRH is set to release its earnings report on November 5, 2025, with projected earnings per share (EPS) of $2.15, indicating a 14.36% increase year-over-year [2] - Revenue is expected to reach $11.26 billion, reflecting a 7.05% increase compared to the same quarter last year [2] Full-Year Estimates - The full-year Zacks Consensus Estimates for CRH indicate earnings of $5.56 per share and revenue of $37.74 billion, representing year-over-year changes of +3.15% and +6.1%, respectively [3] - Recent modifications to analyst estimates for CRH are crucial as they reflect changing business trends, with positive revisions seen as favorable for the business outlook [3] Zacks Rank and Valuation - CRH currently holds a Zacks Rank of 3 (Hold), with a recent 0.91% decline in the Zacks Consensus EPS estimate [5] - The company is trading at a Forward P/E ratio of 21.31, slightly below the industry average of 21.61, suggesting a relative discount [6] - CRH's PEG ratio stands at 1.68, compared to the industry average of 1.87, indicating a favorable growth outlook relative to its valuation [6] Industry Context - CRH operates within the Building Products - Miscellaneous industry, which is part of the Construction sector and holds a Zacks Industry Rank of 156, placing it in the bottom 37% of over 250 industries [7] - The Zacks Industry Rank measures the strength of industry groups, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [7]

Group 1: CRH plc - CRH plc is considered a "terrific stock" and remains largely undiscovered according to Jim Lebenthal from Cerity Partners [1] - Barclays analyst Adam Seiden maintained an Overweight rating for CRH and raised the price target from $110 to $131 [1] - CRH shares increased by 2% to close at $120.17 on October 24 [1] Group 2: Alphabet Inc. - Alphabet Inc. is expected to report third-quarter earnings on October 29, with analysts predicting earnings of $2.27 per share, up from $2.12 per share a year ago [2] - Projected quarterly revenue for Alphabet is $100.11 billion, an increase from $88.27 billion in the previous year [2] - Alphabet shares rose by 2.7% to close at $259.92 [5] Group 3: Amazon.com, Inc. - Amazon.com, Inc. is set to release its third-quarter earnings on October 30, with expected earnings of $1.56 per share on revenue of $177.74 billion [3] - Amazon shares increased by 1.4% to close at $224.21 [5] Group 4: iShares Bitcoin Trust ETF - iShares Bitcoin Trust ETF was named as a final trade by Stephen Weiss [3] - The ETF rose by 0.4% during the session [5]

Core Insights - CRH's stock performance has shown a monthly increase of 3.64%, outperforming both the Construction sector's gain of 0.51% and the S&P 500's gain of 1.13% [1] - The upcoming earnings report is anticipated to show an EPS of $2.12, reflecting a 12.77% increase year-over-year, with revenue expected to reach $11.24 billion, a 6.88% increase from the same quarter last year [2] - For the fiscal year, earnings are projected at $5.56 per share and revenue at $37.74 billion, indicating increases of 3.15% and 6.1% respectively from the previous year [3] Estimate Revisions and Market Sentiment - Recent estimate revisions are crucial for understanding near-term business trends, with positive revisions indicating a favorable business outlook [3][4] - The Zacks Rank system, which evaluates estimate changes, currently ranks CRH at 3 (Hold), with a recent 1.09% decline in the Zacks Consensus EPS estimate [5] Valuation Metrics - CRH's Forward P/E ratio stands at 21.26, which is lower than the industry average Forward P/E of 21.66, suggesting a valuation discount [6] - The company has a PEG ratio of 1.68, compared to the industry average PEG ratio of 1.94, indicating a relatively favorable growth expectation [7] Industry Context - The Building Products - Miscellaneous industry, part of the Construction sector, holds a Zacks Industry Rank of 152, placing it in the bottom 39% of over 250 industries [8]

Group 1 - CRH plc (NYSE:CRH) is recognized for its strong performance in the building materials sector, with a recent increase of approximately 34% in stock value [1] - The company provides a range of construction solutions, including cement, aggregates, concrete, asphalt, and precast products, catering to infrastructure, commercial, and residential projects [1] - Despite the positive outlook for CRH, some analysts suggest that other companies like Martin Marietta Materials and Vulcan Materials may be better investment options in the building materials space [1] Group 2 - There is a belief that certain AI stocks may offer greater upside potential compared to CRH, with less downside risk associated with them [2] - The article hints at the potential benefits of investing in undervalued AI stocks that could gain from Trump-era tariffs and the trend of onshoring [2]