Tear Sheet: CRH PLC

In the first nine months of 2024, reported sales grew by 2% to $26.7 billion, driven by solid underlying demand, especially in the Infrastructure sector; positive pricing; and contributions from acquisitions. CRH posted strong profitability, with its underlying EBITDA growing 12% year-on-year to $5.2 billion and margins improving to 19.3%, compared to 17.5% in the first nine months of 2023. The earnings growth reflects CRH?s strong pricing, mainly in materials (cement and aggregates), and improved operational efficiency. These elements more than offset some adverse weather conditions in the U.S. and higher labor costs. We expect CRH will continue benefitting from an increase in infrastructure activity in 2025, particularly in North America, underpinned by federal and state funding initiates, along with

...December 11, 2024 CRH continues to post record operating performances and we expect its profits will grow further in 2024-2025. In the first nine months of 2024, reported sales grew by 2% to $26.7 billion, driven by solid underlying demand, especially in the Infrastructure sector; positive pricing; and contributions from acquisitions. CRH posted strong profitability, with its underlying EBITDA growing 12% year-on-year to $5.2 billion and margins improving to 19.3%, compared to 17.5% in the first nine months of 2023. The earnings growth reflects CRH's strong pricing, mainly in materials (cement and aggregates), and improved operational efficiency. These elements more than offset some adverse weather conditions in the U.S. and higher labor costs. We expect CRH will continue benefitting from an increase in infrastructure activity in 2025, particularly in North America, underpinned by federal and state funding initiates, along with the onshoring of manufacturing activities. Its performance...

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