CRH Cuts FY26 Outlook and Authorizes Up to $6 Billion Buyback
CRH lowered its 2026 net income outlook to $3.1 billion-$3.3 billion from $3.9 billion-$4.1 billion and adjusted EBITDA guidance to $7.8 billion-$8.0 billion from $8.1 billion-$8.5 billion. Its board authorized a buyback of up to $6 billion, expiring at the end of 2030.
During its third-quarter earnings report, CRH plc announced a downward revision to its full-year 2026 financial outlook. The company now expects net income between $3.1 billion and $3.3 billion, down from its previous estimate of $3.9 billion to $4.1 billion. Adjusted EBITDA guidance was also lowered to a range of $7.8 billion to $8.0 billion, compared to the prior forecast of $8.1 billion to $8.5 billion. Concurrently, the company's Board of Directors authorized a new share buyback program of up to $6 billion, which is set to expire at the end of 2030.
Management stated that the buyback program reflects the company's strong balance sheet and cash-generating capabilities.