CRH Q1 2025 Results

Key Highlights

• Good start to the year despite unfavorable weather in the seasonally least significant quarter
• Performance driven by differentiated strategy, positive pricing and contributions from acquisitions
• Completed eight value-accretive bolt-on acquisitions for $0.6bn
• Ongoing share buyback; $0.5bn completed YTD; commencing new $0.3bn quarterly tranche
• Declaring quarterly dividend of $0.37 per share (+6% y/y)
• Underlying demand across key markets remains positive
• Reaffirming guidance; expect FY25 Net income of $3.7bn-$4.1bn; Adjusted EBITDA of $7.3bn-$7.7bn

Jim Mintern, Chief Executive Officer, said:

"The strength of our first quarter performance reflects the benefits of our differentiated strategy, good commercial management and contributions from acquisitions. Although the first quarter is typically the seasonally least significant period for our business, we are encouraged by the continued strength of underlying demand across our key markets. Our relentless focus on financial control and discipline enabled us to maintain our strong balance sheet in the first quarter. Notwithstanding the current macroeconomic uncertainty, the outlook for our business remains positive and we are pleased to reaffirm our financial guidance for 2025, leaving us well positioned for another year of growth and value creation ahead."

_{*Represents non-GAAP measure. See 'Non-GAAP Reconciliation and Supplementary Information' on pages 12 to 13.
¹n/m - not meaningful.}

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.