CRH Q3 2024 Results

Key Highlights

• Robust performance underpinned by differentiated solutions strategy
• Strong double-digit growth in Adjusted EBITDA* & EPS despite adverse weather
• Further margin expansion driven by positive pricing, cost management & operational efficiency
• Significant portfolio activity YTD; $4.6bn invested in value-accretive M&A; $1.2bn divested
• Integration of materials acquisitions in Texas & Australia progressing well
• Ongoing share buyback; $1.2bn YTD; commencing new $0.3bn quarterly tranche
• Declaring quarterly dividend of $0.35 per share (+5% annualized)
• Reaffirming FY24 guidance midpoint; Net Income $3.78bn-$3.85bn; Adjusted EBITDA* $6.87bn-$6.97bn
• Outlook positive with favorable dynamics across key markets expected to continue into 2025

Albert Manifold, Chief Executive, said:

"Our third quarter results represent another strong performance with further growth in sales, profits and margins. Despite contending with adverse weather in the quarter, our differentiated solutions strategy continues to deliver industry-leading performance, while the strength of our balance sheet combined with our disciplined approach to capital allocation leaves us well positioned to capitalize on the growth and value creation opportunities that lie ahead. We are pleased to reaffirm our guidance midpoint for 2024 and looking ahead to 2025, we expect favorable underlying demand, positive pricing momentum and another year of progress for CRH."

_{Announced Thursday, November 7, 2024}

_{*Represents non-GAAP measure. See 'Non-GAAP Reconciliation and Supplementary Information' on pages 13 to 14.}

Disclaimer:

Further information, including cautionary statements in order to utilize 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.