Irish building materials major CRH has posted strong full-year 2024 and Q4 results.
The group says last year was another 12 months of double-digit growth in Adjusted EBITDA and EPS and an 11th consecutive year of margin expansion, underpinned by “commercial and operational excellence.” Significant portfolio activity was another 2024 feature, with US$5 billion invested in value-accretive M&A.
CRH’s FY 2024 total revenues were $35.6bn (+2%) and $8.9bn in Q4 2024 (+2%). Adjusted ABITDA for FY 2024 was $6.9bn (+12%) and $1.8bn (+12%) in Q4 2024.
CRH has issued a positive outlook for FY 2025, with supportive underlying trends across key markets expected to continue. The group expects an FY 2025 net income of $3.7bn to $4.1bn and an Adjusted EBITDA of $7.3bn to $7.7bn.
Jim Mintern, CRH 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 $5 billion in 40 value-accretive acquisitions while also returning $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.”
