Richie Boucher (Chairman), Jim Mintern (Chief Executive Officer) at the CRH AGM
CRH unveils $6bn share buyback despite profit dip
RATHFARNHAM-headquartered CRH announced a $6 billion share buyback programme after it dealt with “challenging and volatile” conditions in global markets.
The building materials provider based on Stonemason’s Way posted a revenue of $11.4 billion (approximately €10.25bn) was recorded for the quarter, up three per cent on the same statistic last year, though the company suffered year-on-year deficits in other brackets, and it announced a new share buyback scheme until 2030 backed by strong funds.
Net Income of $1.2bn (approx. €1.08bn) was noted to be almost a quarter worse off than Q3 2025 at a 22 per cent decrease, while the net income margin of 10.4 per cent (Q3 2025: 13.7 per cent) and Adjusted EBITDA margin of 23.5 per cent (Q3 2025: 24.3 per cent) were behind the prior year as well.
Despite this, CRH CEO Jim Mintern described the quarterly performance as “resilient” and pointed to the company’s latest completed acquisition in Arcosa.
Chief Executive Mintern stated: “Against a challenging and volatile inflationary cost backdrop our teams delivered a resilient Q3 performance reflecting disciplined commercial execution, performance improvement initiatives and positive underlying demand in key end-markets.
“We completed the acquisition of Arcosa, reinforcing our position as the leading aggregates and critical infrastructure player in North America.
“Backed by our significant cash generation capabilities and robust balance sheet, we are announcing a $6 billion share buyback program to run to the end of 2030.
“In addition, with Velocity we are fast-tracking the strategy that we laid out at our Investor Day in 2025. By simplifying our operating model, leveraging technology and data more effectively, and increasing agility across the organization, CRH will execute with greater speed and efficiency, raising our ambitions and accelerating the delivery of our expanded margins.”
Last month, the company also announced that it had signed an agreement to acquire NCC Industry’s operations in Denmark and Finland from NCC AB which is expected to be completed in 2027.
