8 Trillion Won Vanished in a Day: What Happened to New York's Construction Material Leader?

Ireland-based building materials group CRH plc (CRH) plunged 9.92% on the New York Stock Exchange, closing at $106.20 with 3.53 million shares traded.

In a single day, its market capitalization fell by about $6.4 billion (roughly ₩8.3 trillion) to approximately $70.9 billion (around ₩92 trillion).

CRH has continued its share-buyback program, purchasing 2.98 million shares at an average price of $104.75 through Wells Fargo on April 7 and canceling the newly acquired shares on April 10, as part of its $300 million buyback initiative.

In its full-year 2025 results announced in February, the company reported revenue of $37.4 billion and adjusted EBITDA of $7.7 billion—up 5% and 11%, respectively—marking a 12th consecutive year of margin expansion and underscoring its solid fundamentals.

Headquartered in Dublin, CRH is one of the world’s largest building materials groups, supplying cement, aggregates, ready-mix concrete and asphalt in 28 countries across North America and Europe and employing over 80,000 people. In 2023, it moved its primary listing from London to New York, positioning itself as a key beneficiary of expanded U.S. infrastructure investment and drawing strong interest from global institutional investors.