CRH plc reported fourth‑quarter and full‑year 2025 financial results that highlighted robust revenue growth and margin expansion. Total revenue reached $37.4 billion, up 5% year‑over‑year, while net income climbed to $3.8 billion, an 8% increase. Adjusted EBITDA rose to $7.7 billion, an 11% gain, and the adjusted EBITDA margin expanded to 20.5% from 19.5% in 2024.
Quarterly earnings per share (EPS) came in at $1.52, slightly below the consensus estimate of $1.54, a miss of $0.02 or 1.3%. The figure represents a 49% year‑over‑year increase from the prior year’s $1.02 EPS. Full‑year diluted EPS was $5.51, a 3% rise from $5.43 in 2024, falling short of the 10% increase originally reported in the draft article but consistent with the consensus view of a 3% gain.
The results were driven by strong performance in the Americas Materials Solutions segment, which grew 9% year‑over‑year. Randy Lake, Chief Operating Officer, noted that “Total full‑year revenues and adjusted EBITDA were 5% and 7% ahead, driven by good pricing momentum, operational efficiencies, and contributions from acquisitions.” The segment’s growth was supported by pricing power and the integration of recent acquisitions, including the $2.1 billion purchase of Eco Material Technologies.
Margin expansion was largely a result of disciplined cost control and a favorable mix shift toward higher‑margin products. The adjusted EBITDA margin grew to 20.5% from 19.5% in 2024, reflecting the company’s ability to maintain pricing momentum while managing input‑cost inflation. Jim Mintern, CEO, emphasized that “2025 proved to be a year of significant progress for CRH, with double‑digit Adjusted EBITDA growth and a 12th consecutive year of margin expansion delivering another record performance and reinforcing our position as the leading compounder of capital in our industry.”
Management reiterated its 2026 outlook, guiding for adjusted EBITDA of $8.1 billion to $8.5 billion, net income of $3.9 billion to $4.1 billion, and diluted EPS of $5.60 to $6.05. The guidance signals confidence in continued demand for infrastructure and re‑industrialization projects, while maintaining a focus on cost discipline and margin expansion.
Capital allocation remained a priority, with $5.8 billion invested in growth initiatives and $2.2 billion returned to shareholders through dividends and share buybacks. The company declared a quarterly dividend of $0.39 per share, a 5% increase year‑over‑year, and announced a new $0.3 billion share‑buyback program.
Market reaction to the earnings was muted, with the stock falling 3.73% in pre‑market trading. The decline was largely attributed to the EPS miss, which investors viewed as a potential warning sign despite the strong revenue and margin performance.
Additional context highlights CRH’s aggressive acquisition strategy, completing 38 acquisitions totaling $4.1 billion in 2025, including the Eco Material Technologies deal. The company also announced a review of its London and Dublin listings, while maintaining its primary NYSE listing. Sustainability progress was noted, with $15.7 billion in revenue from products with enhanced sustainability attributes and a reduction in Scope 1 and 2 absolute carbon emissions.
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