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Jun 30, 2024
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CRH Q2 2024 Earnings Report
Reported further profit growth and margin expansion.
Key Takeaways
CRH reported a slight decrease in total revenues but an increase in net income and adjusted EBITDA. The company's differentiated solutions strategy and disciplined capital allocation contributed to a strong financial performance. They are updating their full year guidance.
Differentiated strategy continuing to deliver robust financial performance
Carefully constructed portfolio & operating footprint mitigated impact of adverse weather
Further profit growth & strong margin expansion driven by positive pricing & cost management
Significant portfolio activity YTD; $3.7bn invested in value-accretive M&A
Revenue by Segment
Forward Guidance
CRH is raising its previous guidance for 2024, reflecting the strength of our financial performance, the positive underlying momentum in our business as well as the positive contribution from recent portfolio activity.
Positive Outlook
- Operations in North America are expected to benefit from significant infrastructure activity
- Increased investment in key non-residential segments
- Good underlying demand in infrastructure in Europe
- Good underlying demand in key non-residential markets in Europe
- Further supported by disciplined cost control
Challenges Ahead
- Residential construction expected to remain subdued across our markets in the near term.
- Assuming normal seasonal weather patterns
- No major dislocations in the macroeconomic environment
- Net income 3.70bn - 3.85bn
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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