CRH Public Limited Company - CRH STOCK NEWS

CRH has appointed Alan Connolly as Interim Chief Financial Officer effective January 1, 2025, following the previously announced transition of current CFO Jim Mintern to CEO role. Connolly, a Chartered Accountant with over 30 years of finance experience at CRH, has served in various senior finance positions including Director of Strategic Finance, Finance and Performance Director of Europe Materials, CFO of Global Building Products, and Director of Group Finance. The company is conducting a comprehensive search process for a permanent CFO successor, considering both internal and external candidates.

Oldcastle APG, a CRH Company, has acquired a controlling interest in Yardzen, the leading online landscape design and build platform. This strategic acquisition enhances Oldcastle APG's digital capabilities and strengthens its outdoor living solutions portfolio. Founded in 2018, Yardzen pioneered a technology-driven approach to outdoor renovation that simplifies the process for both homeowners and contractors. The platform provides custom designs and complements Oldcastle APG's existing digital design solutions for decking, hardscapes, and fencing. Allison Messner will continue as Yardzen's CEO following the acquisition.

CRH announced the acquisition of Dutra Materials in San Rafael, California, expanding its Americas Materials Solutions business in northern California. This follows CRH's earlier acquisitions of BoDean Company and Northgate Ready Mix in the state. Dutra Materials brings strategic aggregate reserves and asphalt production capabilities to CRH's operations. The acquisition strengthens CRH's position as North America's leading integrated supplier of aggregates, asphalt, and ready mixed concrete, enhancing its ability to serve the California construction market, one of the largest in the United States.

Oldcastle Infrastructure, a CRH Company, has acquired Cook Concrete Products, a Redding, CA-based provider of precast structures for underground applications in energy, water, and communications markets across Northern California, Oregon, and Nevada. Founded in 1955, Cook Concrete brings strategic manufacturing capabilities and product breadth to Oldcastle Infrastructure's portfolio. The acquisition fills a geographic gap and complements Oldcastle's existing product offering while expanding their presence in the Northern California market.

CRH has filed its Form 10-Q for the quarterly period ending September 30, 2024 with the U.S. Securities and Exchange Commission (SEC). This document is accessible on the SEC's website and the Company's website. For further details, contact Neil Colgan, Company Secretary, at 00 3531 6344340.

CRH plc has completed its latest share buyback phase, repurchasing 3.4 million NYSE-listed ordinary shares worth $0.3 billion between August and November 2024. The company has returned a total of $8.2 billion to shareholders since May 2018. CRH has now partnered with Mizuho Securities USA to initiate a new buyback phase for up to $0.3 billion worth of NYSE-listed shares, running from November 7, 2024, to February 26, 2025. The program aims to reduce share capital and can acquire up to 50 million ordinary shares. All repurchased shares will be cancelled.

CRH reported strong Q3 2024 results with total revenues of $10.5 billion, up 4% year-over-year, and net income of $1.4 billion, up 5%. Adjusted EBITDA increased 12% to $2.5 billion with margin expansion to 23.3%. The company invested $4.6 billion in acquisitions year-to-date and completed $1.2 billion in divestitures. CRH reaffirmed its FY24 guidance with net income expected between $3.78-$3.85 billion. The company declared a quarterly dividend of $0.35 per share (+5% annualized) and announced a new $0.3 billion share buyback tranche.

CRH has developed a pioneering wind farm to power its Medgidia Cement Plant in Romania, marking the country's first such installation dedicated to a cement facility. The project, which became fully operational after commencing in August 2023, features five turbines with a 30 MW total installed capacity and an estimated annual production of 80 GWh. The wind farm will meet a significant portion of the plant's annual energy needs and reduce Romania's national energy-related CO2 emissions by 40,000 tons. This initiative aligns with CRH's target to reduce absolute carbon emissions by 30% by 2030.

CRH (NYSE: CRH) has scheduled its Q3 2024 financial results announcement for Thursday, November 7, 2024. The results will be released at 2:00 a.m. New York time / 7:00 a.m. Dublin time, with a conference call and webcast presentation following at 8:00 a.m. New York time / 1:00 p.m. Dublin time. The results and presentation materials will be accessible on the company's website, and interested parties can register for the event through www.crh.com/investors.