By Ian Walker

CRH PLC shares in London fell after the company said it expects new home builds in the residential sector to remain subdued as it reported higher third-quarter earnings partly boosted by acquisitions.

Shares in London were down 316 pence, or 3.5%, at 86.12 pounds in early morning European trading. They are currently up 17% over the year to date.

The building materials provider--which transferred its main listing to New York two years ago--reported net income for the quarter of $1.5 billion compared with $1.4 billion for the comparable period a year earlier.

Adjusted earnings before interest, taxes, depreciation and amortization--which strips out exceptional and other one-off items, were $2.7 billion compared with $2.5 billion, while revenue rose 5% to $11.1 billion.

CRH said it completed 27 acquisitions this year so far, including Eco Material Technologies, which it bought for about $2.1 billion in September. The company said it continues to see an active pipeline of opportunities.

CRH backed its full-year net income guidance at between $3.8 billion and $3.9 billion and raised the bottom end of its adjusted Ebitda guidance to $7.6 billion to $7.7 billion from between $7.5 billion and $7.7 billion.

Capital expenditure has been cut to a range of $2.7 billion to $2.8 billion from $2.8 billion to $3.0 billion.

The company said that assuming normal seasonal weather patterns, and provided there are no major political or macroeconomic changes, it expects another year of growth and value creation next year.

Write to Ian Walker at ian.walker@wsj.com

(END) Dow Jones Newswires

November 06, 2025 05:06 ET (10:06 GMT)

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