Loading...
•
Sep 30, 2024
•/
CRH Q3 2024 Earnings Report
Reported a robust performance driven by differentiated solutions, margin expansion, and strategic portfolio activity.
Key Takeaways
CRH reported a strong Q3 2024 performance with increased sales, profits, and margins. Total revenues reached $10.5 billion, a 4% increase, and net income was $1.4 billion, up by 5%. Adjusted EBITDA grew by 12% to $2.5 billion, with margin expansion driven by positive pricing and cost management. The company reaffirmed its FY24 guidance midpoint and anticipates favorable dynamics across key markets into 2025.
Robust performance underpinned by differentiated solutions strategy
Strong double-digit growth in Adjusted EBITDA & EPS despite adverse weather
Further margin expansion driven by positive pricing, cost management & operational efficiency
Reaffirming FY24 guidance midpoint; Net Income $3.78bn-$3.85bn; Adjusted EBITDA* $6.87bn-$6.97bn
Forward Guidance
CRH reaffirmed its guidance midpoint for 2024, reflecting continued financial strength and portfolio contributions. Positive underlying demand is expected across key end-use markets, supported by public investment. A lower interest rate environment should aid recovery in new-build residential construction.
Positive Outlook
- Continued strength of financial performance
- Positive underlying momentum in our business
- Positive contribution from portfolio activity
- Positive underlying demand across our key end-use markets
- Significant public investment in infrastructure and re-industrialization activity
Challenges Ahead
- Some macroeconomic uncertainties
- Potential Q4 impairment in the range of $0.3-$0.4 billion
- Challenging market conditions which may impact future growth prospects
- Increased risk of impairments as a result of certain recent challenging market conditions
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...