Revenue Growth Driven by Volume and Pricing
CRH grew Q1 2026 revenue by 9.1% YoY to $7.37B (from $6.76B), reflecting continued demand in its construction materials and solutions segments. This top-line expansion suggests underlying market strength despite the seasonally weak first quarter.
Gross Profit Expansion but SG&A Pressure Erodes Operating Income
Gross profit improved 11.3% YoY to $2.05B, pushing gross margin modestly higher to 27.7% from 27.2%. However, SG&A expenses rose 12.2% YoY to $2.06B — exceeding gross profit — resulting in an operating loss of -$38M versus operating income of $18M in Q1 2025.
Net Loss Widened Significantly
Net loss deepened to -$176M in Q1 2026 from -$94M in Q1 2025, an 87.2% deterioration. This reflects the operating loss combined with below-the-line costs such as interest expense on the company's growing long-term debt load of $18.44B.