CRH has been elevated to the S&P 500 index, which is set to take effect before the end of the year.
The inclusion will be in effect from December 22 and follows CRH’s decision to list its primary listing on the New York Stock Exchange (NYSE) in September 2023.
The S&P 500 index is a stock market index that tracks the stock performance of the leading 500 companies on the stock exchanges in the US.
“Joining the S&P 500 is a powerful recognition of our market leadership. CRH is the largest provider of building materials in North America, and our unmatched scale, connected portfolio of businesses, and deep local relationships make our future compelling,” CRH chief executive officer Jim Mintern said.
“We are proud to be recognised as a leading US company and look forward to continuing to modernise the critical infrastructure that will help power America’s economy for generations to come.”
Mintern provided more insights into CRH’s milestone achievement in a blog post for the company’s website.
“Across the US, three large and growing megatrends – transportation, water and reindustrialisation – are transforming the built environment,” Mintern wrote.
“CRH is uniquely positioned to capitalise on these trends, capturing value throughout the construction value chain and leveraging the commercial, operational and strategic advantages that set us apart.
“This milestone would not have been possible without our employees, past and present. I could not be prouder of their commitment throughout this journey. I also want to thank our customers who entrust us with their business, our shareholders, and our communities where we do business.”
