Summary: CRH Group - S&P Global Ratings’ Credit Research

Summary: CRH Group

Summary: CRH Group - S&P Global Ratings’ Credit Research
Summary: CRH Group
Published Jun 14, 2018
11 pages (3852 words) — Published Jun 14, 2018
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Solid market positions in Europe and North America, with a growing presence in Asia. Some operations are in a competitive and fragmented industry with limited pricing flexibility. Highly diversified product portfolio. Robust margins and ability to generate operating cash flow consistently through the cycle. Good vertical integration, especially in North America where CRH is a leading supplier of aggregates, asphalt, cement, ready mix, and paving. Cyclicality, seasonality, and high capital and energy intensity of the heavy building materials' industry. Prudent balance sheet management. Ongoing portfolio management, with acquisitions and disposals, forms a key part of management's growth strategy. Robust cash flow generation has allowed CRH to digest and integrate very sizable debt-funded acquisitions, and quickly lower leverage back to a

  
Brief Excerpt:

...Business Risk: Strong Financial Risk: Intermediate + Solid market positions in Europe and North America, with a growing presence in Asia. + Some operations are in a competitive and fragmented industry with limited pricing flexibility. + Highly diversified product portfolio. + Robust margins and ability to generate operating cash flow consistently through the cycle. + Good vertical integration, especially in North America where CRH is a leading supplier of aggregates, asphalt, cement, ready mix, and paving. + Cyclicality, seasonality, and high capital and energy intensity of the heavy building materials' industry. + Prudent balance sheet management. + Ongoing portfolio management, with acquisitions and disposals, forms a key part of management's growth strategy. + Robust cash flow generation has allowed CRH to digest and integrate very sizable debt-funded acquisitions, and quickly lower leverage back to a level commensurate with the existing rating. + Strong liquidity, irrespective of share...

  
Report Type:

Summary

Ticker
CRH@ID
Issuer
GICS
Construction Materials (15102010)
Sector
Global Issuers
Country
Region
United States
Format:
PDF Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "Summary: CRH Group" Jun 14, 2018. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Summary-CRH-Group-2056502>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: CRH Group Jun 14, 2018. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-CRH-Group-2056502>
  
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