CRH upbeat after revenues, profits jump.


Irish building materials group CRH forecast another strong performance in 2025, after it posted a jump in full-year earnings.

CRH

Source: Sharecast

The New York-listed firm, which posted annual results after markets closed on Wednesday, said total revenues rose 2% in 2024, to $35.6bn, while net income jumped 15% to $3.5bn.

Adjusted earnings before interest, tax, depreciation and amortisation rose 12% to $6.9bn.

Jim Mintern, who was appointed chief executive at the end of last year, said: "2024 was a strong year for CRH, driven by our customer-connected solutions strategy and leading positions of scale in attractive, higher growth markets.

"The outlook for our business remains positive, underpinned by favourable demand and positive pricing momentum, leaving us well positioned for another year of growth and value-creation ahead."

Looking to the current year, CRH - which makes around 75% of its profits in North America - said it was well placed to benefit from "significant" public investment in critical infrastructure as well as increased re-industrialisation activity outside of the residential market.

As a result, it expects 2025 net income to come in between $3.7bn and $4.1bn, and adjusted EBITDA of between $7.3bn and $7.7bn.

As at 0915 GMT, the stock was down 1% in pre-market trading on Wall Street, and 1% lower at 8,016p in London.


ISIN: IE0001827041
Exchange: London Stock Exchange
Sell:
6,852.00 p
Buy:
7,100.00 p
Change: 84.00 ( 1.24 %)
Date:
Prices delayed by at least 15 minutes

Compare our accounts

If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.

Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.