DUBLIN–(BUSINESS WIRE)– CRH plc (NYSE:) (LSE:CRH):
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Key Highlights |
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Summary Financials |
Q1 2024 |
Change |
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Total revenues |
$6.5bn |
+2% |
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Net income |
$114m |
n/m1 |
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Net income margin |
1.7% |
+220bps |
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Adjusted EBITDA |
$445m |
+15% |
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Adjusted EBITDA margin |
6.8% |
+80bps |
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EPS |
$0.16 |
n/m1 |
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Albert Manifold, Chief Executive, said:
“We are pleased to report a good first quarter performance in what is the seasonally least significant period for our business. That performance was supported by positive pricing momentum, early-season project activity, favorable weather in certain regions and the contribution from acquisitions. We believe the strength of our balance sheet together with our relentless focus on the efficient allocation of our capital enables us to capitalize on the opportunities we see for further growth and value creation in 2024 and beyond. Given this backdrop, we are pleased to reaffirm our previous guidance for 2024.”
Announced Friday, May 10, 2024
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Represents non-GAAP measure. See ‘Non-GAAP Reconciliation and Supplementary Information’ on pages 12 to 13. |
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1 n/m – Not meaningful. |
Q1 2024 Results
Performance Overview
CRH delivered a solid start to the year as early-season project activity and favorable weather in certain regions of North America were further supported by pricing progress and contributions from acquisitions offsetting lower volumes in Europe in the seasonally least significant quarter for the Company. Total revenues of $6.5 billion (Q1 2023: $6.4 billion) were 2% ahead of the prior year while organic revenues…
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