CRH News & Events

Pacific Avenue Capital Partners announced that an affiliate of Pacific Avenue has entered into a definitive agreement to acquire Oldcastle Lawn & Garden from CRH in a transaction valued at over $1.1B. Upon closing, the business will operate under its new name, GardenCore, marking the beginning of its next chapter as a standalone company. The company said, "GardenCore is a leading U.S. manufacturer of lawn and garden consumables, offering a broad portfolio of mulch, soil, stone, and lime products. The Company has deep, long-standing partnerships with major home improvement retailers and garden centers, and delivers consistent, high-quality execution across large-scale private label and branded programs. The Company has over 1,400 employees and operates more than 55 manufacturing facilities across the United States. The acquisition of newly branded GardenCore is the latest example of Pacific Avenue's ability to effectively and seamlessly execute complex carve-outs of scale across a wide variety of industries. Under Pacific Avenue's ownership, GardenCore will focus its efforts on expanding its geographic footprint through greenfield development and acquisitions, while investing in its premium product lines to drive growth." The transaction is expected to close in early May 2026, subject to customary closing conditions.

CRH has completed the latest phase of its share buyback program, returning a further $0.3B of cash to shareholders. This brings total cash returned to shareholders under its ongoing share buyback program to $10B since its commencement in May 2018. CRH also announced that it has entered into an arrangement with HSBC Securities to independently conduct a buyback program to repurchase ordinary shares listed on the NYSE on CRH's behalf for an aggregate maximum consideration of up to $0.3B. The buyback will commence on Apr. 30 and will end no later than Jul. 28.

Sees 2026 adjusted EBITDA $8.1B-$8.5B. Sees 2026 CapEx $2.8B-$3.0B.

Reports Q1 revenue $7.4B, consensus $7.07B. CEO Jim Mintern stated "We delivered a strong start to 2026, reflecting good momentum from early-season project activity, disciplined commercial execution and positive contributions from acquisitions. During the quarter, we continued our active portfolio management, reallocating capital into higher-growth, more connected businesses. Notwithstanding the current geopolitical and macroeconomic uncertainty, we are encouraged by the continued strength of underlying demand across our key markets. The outlook for our business remains positive and backed by our superior strategy and connected portfolio we are pleased to reaffirm our financial guidance for 2026, leaving us well positioned for another year of growth and value creation ahead."