CRH announced October 29 a share-repurchase program of up to $6 billion through the end of 2030 as it reported lower third-quarter net income.
The building-materials supplier said revenue increased 3% to $11.4 billion, supported by pricing, underlying demand and acquisitions. Net income declined 22% to approximately $1.2 billion, primarily reflecting impairments.
Diluted earnings per share fell 16% to $1.86. Adjusted EBITDA remained approximately $2.7 billion, while its margin narrowed to 23.5% from 24.3%. That adjusted measure differs from reported net income.
CRH said cost inflation, subdued residential activity and divestitures offset contributions from acquisitions and operating improvements.
The company also introduced an operating-model initiative called Velocity, targeting $400 million in annual run-rate benefits by the end of 2028. That amount is a future objective.
CRH confirmed completion of its $8.5 billion Arcosa acquisition and said it invested another $1.9 billion in 27 acquisitions during the year to date.
For full-year 2026, management forecasts net income of $3.1 billion–$3.3 billion and adjusted EBITDA of $7.8 billion–$8 billion. The new buyback is an authorization, rather than purchases already completed.
Sources: CRH — October 29 Results: https://www.businesswire.com/news/home/20261029001310/en/CRH-Reports-Third-Quarter-2026-Results