Guidance
← 실적 발표
01
02
03
04 05 06
톤
자본지출
A1 A2 A3
CRH
FY2026 Q1
개선
CRH plc 실적 발표
Buzzberg 분석
CRH reaffirms 2026 adjusted EBITDA guidance of $8.1-8.5 billion
CRH delivered a strong Q1 2026 with revenue up 9% and adjusted EBITDA up 18%, leading management to reaffirm full-year guidance of $8.1-$8.5 billion. The company continued its capital allocation strategy, announcing $1.9 billion in divestitures and $900 million in acquisitions including Axios Water. Management struck a confident tone about the infrastructure demand outlook, citing record state DOT budgets, the IIJA rollout, and strong backlogs. Q1 revenue $7.4B (+9%), adjusted EBITDA $586M (+18%), margin +70bps.
Buzzberg 분석 CRH reaffirms 2026 adjusted EBITDA guidance of $8.1-8.5 billion CRH delivered a strong Q1 2026 with revenue up 9% and adjusted EBITDA up 18%, leading management to reaffirm full-year guidance of $8.1-$8.5 billion. The company continued its capital allocation strategy, announcing $1.9 billion in divestitures and $900 million in acquisitions including Axios Water. Management struck a confident tone about the infrastructure demand outlook, citing record state DOT budgets, the IIJA rollout, and strong backlogs. Q1 revenue $7.4B (+9%), adjusted EBITDA $586M (+18%), margin +70bps. 전체 분석 보기분석 접기
CRH delivered a strong Q1 2026 with revenue up 9% and adjusted EBITDA up 18%, leading management to reaffirm full-year guidance of $8.1-$8.5 billion. The company continued its capital allocation strategy, announcing $1.9 billion in divestitures and $900 million in acquisitions including Axios Water. Management struck a confident tone about the infrastructure demand outlook, citing record state DOT budgets, the IIJA rollout, and strong backlogs. Q1 revenue $7.4B (+9%), adjusted EBITDA $586M (+18%), margin +70bps.
- FY26 guidance reaffirmed: EBITDA $8.1-8.5B, net income $3.9-4.1B, EPS $5.60-6.05.
- Announced divestitures totaling $1.9B (lawn & garden, construction accessories, Moisture Shield) to fund acquisitions incl. Axios Water ($700M).
- Aggregates volume +14%, mix-adjusted pricing +5%; cement volume +10%, pricing -1%.
매출$7.37B보고값
주당순이익(EPS)$-0.27보고값
매출총이익률27.75%보고값
영업이익률-0.52%보고값
근거 있는 핵심 내용 6개
지금 중요한 점
이번 발표에서 가장 의미 있는 변화를 정리했습니다.
Portfolio Management
Divestitures total $1.9 billion, recycling capital to higher-growth platforms
M&A
Acquisition of Axios Water strengthens U.S. water infrastructure position
핵심 내용 3개 더 보기
Costs
Energy cost spikes mitigated by hedging and proactive pricing actions
Demand
Transportation demand robust, 2026 record investment expected
Capital Returns
Shareholder returns continue: buyback tranche and 5% dividend increase
보고 기간
보고 실적
| 지표 | 보고값 | 변화 |
|---|---|---|
| 매출 | $7.37B | 보고값 |
| 주당순이익(EPS) | $-0.27 | 보고값 |
| 매출총이익률 | 27.75% | 보고값 |
| 영업이익률 | -0.52% | 보고값 |
| 잉여현금흐름 | $-1.217B | 보고값 |
| 자본지출 | $0.601B | 보고값 |
향후 전망
향후 가이던스
| 지표 | 기간 | 범위 | 중간값 | 상태 |
|---|---|---|---|---|
| 주당순이익(EPS) | FY2026 | $5.60–$6.05 | $5.82 | 유지 |
| 영업이익률 | FY2026 | $8.1B–$8.5B | $8.3B | 유지 |
AI, 자본지출 및 수요 분석
경영진 분석
Confident
Management reaffirmed guidance and emphasized strong momentum, robust demand, and a proven growth algorithm, projecting another year of margin expansion.
투자 및 생산능력
Management highlighted strategic growth capital expenditures and active capital allocation, including divesting non-core businesses for $1.9 billion and investing $900 million in acquisitions, with a focus on higher-growth markets like water infrastructure.
외부 신호
공급망 알파 · 3발표 이후 수익률
CRH's winter fuel program stores about half its annual liquid asphalt requirement off-season, providing procurement advantages, certainty of costs, and security of supply heading into the paving season—mitigating recent energy price spikes better than competitors without similar scale.
근거
“we store about half our annual liquid requirement. We accumulate it off-season. And we've built up that capacity over several decades at this point in time. ... It gives us kind of two key strategic advantages, right? Firstly, it's on the…”
In Q1, aggregates volume grew 14% but price was only 1% ahead; however, on a mix-adjusted basis pricing was 5% ahead, masking an underlying pricing softness when mix effects are stripped out.
근거
“On a mix-adjusted basis, our aggregate pricing was 5% ahead.”
The divestiture of the lawn and garden business for $1.1 billion creates a direct read-through for private equity or strategic acquirers of mulch/soil/decorative stone assets, indicating robust valuations in the landscaping supply segment.
근거
“we have reached agreements to divest of our lawn and garden business, a manufacturer and supplier of mulch, soil and decorative stone for $1.1 billion”
방법론 및 범위
경영진 발언만 분석합니다. 검증된 기업 언급 0개를 모두 표시하며, 보고 실적과 향후 가이던스를 분리합니다. 공개 근거는 화자가 표시된 짧은 인용문 8개로 제한됩니다. AI 분석은 불완전하거나 틀릴 수 있으므로 중요한 주장은 원문에서 확인하세요.