CRH Q2 2024 Results

Key Highlights

• Differentiated strategy continuing to deliver robust financial performance
• Carefully constructed portfolio & operating footprint mitigated impact of adverse weather
• Further profit growth & strong margin expansion driven by positive pricing & cost management
• Significant portfolio activity YTD; $3.7bn invested in value-accretive M&A
• Integration of materials acquisition in Texas progressing well; increasing run-rate synergy target to $65m
• Acquisition of majority stake in Adbri completed on July 1
• Ongoing share buyback; $0.9bn YTD; commencing new $0.3bn quarterly tranche
• Declaring quarterly dividend $0.35 (+5% annualized)
• Outlook positive with favorable underlying demand across key markets
• Raising FY24 guidance; Net Income $3.70bn - $3.85bn; Adjusted EBITDA* $6.82bn - $7.02bn

Albert Manifold, Chief Executive, said:

"We are pleased to report another period of further profit growth and margin expansion for CRH. The execution of our differentiated solutions strategy continues to deliver robust financial performance, while the strength of our balance sheet and relentless focus on the disciplined allocation of our capital enables us to capitalize on the opportunities we see for further growth and value creation. Reflecting the strength of our financial performance, the positive underlying momentum in our business as well as the positive contribution from recent portfolio activity, we are raising our guidance and remain well positioned to deliver another record year in 2024.”

_{Announced Thursday, August 8, 2024}

_{*Represents non-GAAP measure. See 'Non-GAAP Reconciliation and Supplementary Information' on pages 12 to 13.}

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.