CRH Plc 2Q26 Conference Call Highlights

研报英文原文证据摘录

CRH Plc 2Q26 Conference Call Highlights

J P M O R G A N North America Equity Research

30 July 2026

CRH Plc Not Rated

CRH, CRH US

2Q26 Conference Call Highlights Price (29 Jul 26):$99.71

• Reaffirmed FY26 EBITDA Guidance Supported by Strong Americas Construction Materials

Infrastructure, Reindustrialization Activity, and Expanding Backlogs. Adrian E Huerta AC

Management reiterated FY26 adjusted EBITDA guidance of $8.1-8.5bn and (52-81) 8152-8720

highlighted confidence in another year of margin expansion despite an adrian.huerta@jpmorgan.com

inflationary backdrop. The driver behind the reaffirmation was not the quarter J.P.MorganMorganGrupoCasaFinancierode Bolsa, S.A. de C.V., J.P.

itself but management’s continued positive view of demand, supported by Garrett Greenblatt

transportation infrastructure, water projects, manufacturing facilities, (1-212) 622-0424

semiconductors, LNG projects, and data center construction. Management garrett.greenblatt@jpmorgan.com

described momentum exiting 2026 and entering 2027 as constructive, noting J.P. Morgan Securities LLC

that bidding activity, secured work, and backlogs remain above prior-year European Building & Construction

levels. The company continues to view infrastructure and private and Infrastructure

reindustrialization as the primary demand engines across both the U.S. and Elodie Rall AC

Europe, while residential new construction remains subdued. Management (44-20) 7134-5911

emphasized that favorable demand trends, strong commercial execution, and elodie.rall@jpmorgan.com

J.P. Morgan Securities plc

pricing discipline support confidence in maintaining margin expansion

through the balance of the year. Zaim Beekawa

(44-20) 7134-4175

zaim.beekawa@jpmorgan.com• Pricing Momentum Remains Intact with Mid-Year Increases Supporting