CRH plc issues Full Year Results for the year ended 31 December 2023.

Key Highlights
Summary Financials (U.S. GAAP)2023Change
Total revenues$34.9bn+7%
Income from continuing operations$3.1bn+14%
Income from continuing operations margin8.8%+60bps
Adjusted EBITDA*$6.2bn+15%
Adjusted EBITDA margin*17.7%+120bps
EPS (continuing operations)$4.36+22%
EPS (continuing operations) pre-impairment*$4.65+30%
Return on net segment assets14.4%+130bps
Return on Net Assets*15.3%+200bps
Net cash provided by operating activities$5.0bn+32%
  • Strong performance; further growth in revenues, Adj. EBITDA*, EPS, cash & returns
  • FY23 Adj. EBITDA* $6.2bn (IFRS Adj. EBITDA* $6.5bn, ahead of c.$6.3bn guidance)
  • Integrated solutions strategy delivering 10th consecutive year of margin expansion1
  • $2.1bn acquisition of materials assets in high-growth Texas market
  • $0.7bn invested in 22 strategic bolt-on acquisitions; robust pipeline of opportunities
  • $0.7bn agreement to acquire majority stake in Adbri in Australia
  • Ongoing share buyback; $3bn 12-month program complete; commencing $0.3bn quarterly tranche
  • FY23 dividend $1.33 (+5%); announcing new quarterly dividend of $0.35 (+5% annualized)
  • Strong & flexible balance sheet; significant optionality for long-term value creation
  • Expect FY24 Net income of $3.55bn to $3.80bn; Adj. EBITDA* of $6.55bn to $6.85bn

Albert Manifold, Chief Executive, said:

"2023 marked another record year of financial delivery for CRH, supported by good underlying demand across our key end-use markets, further pricing progress and the continued benefits of our differentiated, customer-focused strategy. Over the last decade our business has evolved from being a supplier of base materials into a fully integrated provider of value-added solutions. Through our technical expertise and the advancements we have made in product innovation, we are solving complex problems for our customers while making the construction process simpler, safer and more sustainable. Despite continued inflationary cost pressures during 2023 we expanded our margins and delivered further growth in profits, cash generation and returns. The strength of our balance sheet together with our relentless focus on the efficient allocation of capital enables us to capitalize on the opportunities we see for further growth and value creation in 2024 and beyond."

Announced Thursday, 29 February, 2024

*Represents non-GAAP measure. See 'Non-GAAP Reconciliation and Supplementary Information' on pages 13 to 15.

Numbers based on IFRS financial reporting to 2022 and U.S. GAAP for 2023.


Further information, including cautionary statements in order to utilise the “Safe Harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 with respect to forward-looking statements, is set out in the full release linked below.

Contact CRH at +353 1 404 1000
Albert ManifoldChief Executive
Jim MinternChief Financial Officer
Frank HeisterkampDirector of Capital Markets & ESG
Tom HolmesHead of Investor Relations