CRH plc issues Q1 2024 Results for the three months ended 31 March 2024.
CRH plc issues Q1 2024 Results for the three months ended 31 March 2024.
Summary Financials | Q1 2024 | Change |
Total revenues | $6.5bn | +2% |
Net income | $114m | n/m1 |
Net income margin | 1.7% | +220bps |
Adjusted EBITDA* | $445m | +15% |
Adjusted EBITDA margin* | 6.8% | +80bps |
EPS | $0.16 | n/m1 |
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
*Represents non-GAAP measure. See 'Non-GAAP Reconciliation and Supplementary Information' on pages 12 to 13.
1 n/m - Not meaningful.
Disclaimer:
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 Manifold | Chief Executive |
Jim Mintern | Chief Financial Officer |
Frank Heisterkamp | Director of Capital Markets & ESG |
Tom Holmes | Head of Investor Relations |