Stock market today: S&P 500 hits fresh record close on stronger economic growth
Investing.com -- CRH (NYSE:CRH) reported second-quarter adjusted EBITDA of $2.463 billion on Thursday, exceeding Bloomberg consensus estimates by 2.6%, primarily due to benefits from acquisitions.
The building materials company posted revenues of $10.2 billion for the quarter, in line with analyst expectations, despite experiencing a 2.2% organic revenue decline. Acquisition activity contributed 6% to overall revenue growth.
CRH has raised the lower end of its full-year 2025 adjusted EBITDA guidance to a range of $7.5-7.7 billion, up from the previous range of $7.3-7.7 billion. Current Bloomberg consensus estimates sit at $7.466 billion, at the lower end of the new guidance range.
The company reported US GAAP earnings per share of $1.95, which should make CRH eligible for S&P 500 inclusion.
In the America Materials segment, revenue fell 2.4% organically, with pricing up 4% in aggregates and 2% in cement. The America Buildings Solutions division saw a 1.3% organic revenue decline, though the company noted strong demand in water infrastructure and data center activity.
The International Solutions segment experienced a 3% organic revenue decline, with aggregate and cement pricing increasing by 3% and 2% respectively. Volume growth in this segment was driven entirely by acquisitions.
CRH reported net debt of $13.4 billion, up from $10.5 billion in December 2024, representing a net debt to EBITDA ratio of 1.76x based on the midpoint of 2025 guidance.
The company’s diluted share count stood at 682 million at the end of the first half of 2025.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.