CRH plc issues Q1 2024 Results for the three months ended 31 March 2024.

Key Highlights
Summary FinancialsQ1 2024Change
Total revenues$6.5bn+2%
Net income$114mn/m1
Net income margin1.7%+220bps
Adjusted EBITDA*$445m+15%
Adjusted EBITDA margin*6.8%+80bps
  • Solid start to the year in the seasonally least significant quarter
  • Performance driven by positive pricing, early-season activity & benign weather in key markets
  • Integrated solutions strategy delivering further growth in key financial metrics
  • $2.1bn materials acquisition in Texas complete; $60m run-rate synergies identified
  • Seven other strategic bolt-on acquisitions completed in the first three months for $0.1bn
  • $0.7bn agreement to acquire majority stake in Adbri in Australia
  • Proceeds from divestitures of $0.7bn primarily related to the initial phases of the Lime disposal
  • Ongoing share buyback; $0.6bn completed to date in 2024; commencing new $0.3bn quarterly tranche
  • Declaring new quarterly dividend of $0.35 (+5% annualized) payable on June 26
  • Reaffirming FY24 guidance; Net income $3.55bn to $3.80bn; Adjusted EBITDA* $6.55bn to $6.85bn

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.


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