CRH Plc

Q2 performance: solid growth + margin expansion - Record Q2 with revenue $10.8bn (+6% YoY) and adjusted EBITDA >$2.6bn (+7% YoY). - Margin expanded +30 bps despite inflationary costs, reflecting disciplined pricing/cost execution. - Diluted EPS +14% YoY, helped by a $0.16 net gain on divestitures in the quarter. - Business drivers: Americas Materials strong (revenues +10%, EBITDA +12%), International also improved (revenues +5%, EBITDA +8%, margin +70 bps); Americas Building Solutions weaker (revenues -2%, EBITDA -8%) due to divestiture effects and subdued new residential.

2026 outlook reaffirmed (key forecast numbers) - Management reaffirmed full-year guidance unchanged, assuming normal seasonality and no major macro/geopolitical dislocations. - Adjusted EBITDA: $8.1bn–$8.5bn - Net income: $3.9bn–$4.1bn - Diluted EPS: $5.60–$6.05 - Confidence factors cited: positive infrastructure and reindustrialization demand, good pricing momentum, and backlog/ bidding strength.

Demand backdrop: “infra strong, residential new build weak, repair resilient” - Expectation: ~40% of IIJA (infrastructure) still unspent going into 2026, providing continuing government spending tailwinds. - Reindustrialization pickup seen already in H1 2026 (data centers, advanced manufacturing, semiconductor/LNG style projects), typically multi-year (2–3 yrs) and aligned with CRH’s connected portfolio. - Weather disruption noted (May/June in parts of Southern/Southeastern US), but guidance held. - Residential: subdued new build in the US; however repair/remodel remains resilient.