CRH announces 2024 financial results

Published by Alfie Lloyd-Perks, Editorial Assistant
World Cement, Thursday, 27 February 2025 09:05

CRH have reported their fourth quarter and full-year 2024 results:

Industry-leading performance driven by unmatched scale and differentiated strategy

Strong Q4 and FY; another year of double-digit growth in Adjusted EBITDA* and EPS

11th consecutive year of margin expansion1 underpinned by commercial and operational excellence

Significant portfolio activity; US$5.0 billion invested in value-accretive M&A

US$1.1 billion invested in growth capex; capitalising on attractive organic growth opportunities

Increasing quarterly dividend to US$0.37 (+6% y/y); commencing new US$0.3 billion quarterly share buyback

Significant financial capacity to support future growth and value creation

Positive outlook for FY 2025; supportive underlying trends across key markets expected to continue

Expect FY 2025 Net income of US$3.7 billion to US$4.1 billion; Adjusted EBITDA* of US$7.3 billion to US$7.7 billion

Jim Mintern, Chief Executive Officer, said:

"2024 was a strong year for CRH, driven by our customer-connected solutions strategy and leading positions of scale in attractive, higher-growth markets. We delivered another year of double-digit profit growth and an 11th consecutive year of margin expansion, reflecting a continued focus on commercial management and operational excellence across the organisation. The strength of our balance sheet enabled us to invest US$5 billion in 40 value-accretive acquisitions while also returning US$3 billion of cash to shareholders through dividends and share buybacks. The outlook for our business remains positive, underpinned by favourable demand and positive pricing momentum, leaving us well positioned for another year of growth and value creation ahead."

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Read the article online at: https://www.worldcement.com/europe-cis/27022025/crh-announces-2024-financial-results/

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