Welcome to our dedicated page for CRH Public Company news (Ticker: CRH), a resource for investors and traders seeking the latest updates and insights on CRH Public Company stock.
CRH Public Limited Company (CRH) is a diversified building materials business headquartered in Dublin, Ireland. The company manufactures and supplies a wide range of products for the construction industry, including aggregates, cement, asphalt, and other building materials. CRH operates a vertically integrated business model, ensuring control over every stage of the production process, from raw material extraction to the delivery of finished products.
Over the past decade, CRH has transformed into a leading player in the building materials sector, with a significant focus on upstream activities such as aggregates and cement. North America represents CRH's largest market, accounting for 75% of its EBITDA. In fact, CRH is the largest producer of aggregates and asphalt in the United States.
CRH's recent achievements include the publication of its Annual Report for the fiscal year ending December 31, 2023, which is available on the company's website and the U.K. National Storage Mechanism. The company also filed its quarterly Form 10-Q for the period ending March 31, 2024, with the U.S. Securities and Exchange Commission.
The company's strong financial health is evidenced by consistent revenue growth and strategic partnerships that enhance its market position. CRH's commitment to sustainability and innovation further cements its role as a critical supplier in the construction industry.
For more updates, shareholders are encouraged to visit the official CRH website or contact the Company Secretary for specific queries.
Sakrete and Amerimix, both brands under Oldcastle APG, will showcase their latest product innovations at World of Concrete from January 21-23, 2025, in Las Vegas. The companies will host an interactive booth (S10827) in the South Hall, featuring Sakrete's concrete products and Amerimix's pre-blended mortars, stuccos, and grouts.
The booth will combine educational experiences, including guidance on selecting concrete mixes and improving jobsite efficiency, with interactive challenges like the 'Perfect Mix Challenge' and 'Know Your Mix' competition. Visitors can earn tokens to play Sakrete Slots for prizes. Additionally, Sakrete is sponsoring the World of Concrete Beer Garden in Central Hall, where attendees can watch the new season of Concrete Combat, a concrete competition reality series.
Oldcastle APG, a CRH company, has launched Catalyst Fence Solutions, its new flagship fence brand that consolidates multiple industry-leading brands including Barrette Outdoor Living, National Vinyl Products, Alumi-Guard, and others. The brand becomes North America's largest provider of high-performance vinyl, molded, aluminum, steel, and mixed material fencing products.
Catalyst leverages 25+ years of manufacturing experience and combines exclusive patented technologies to deliver durable fencing solutions for both residential and commercial applications. The products come with dedicated customer support and various warranty options, including a transferable lifetime warranty.
This strategic launch aligns with Oldcastle APG's broader initiative to refresh its branding and product categorization around outdoor living spaces. Catalyst joins other premium brands in the company's portfolio like MoistureShield, Sakrete, RDI Railing, and Belgard.
Sakrete, a brand under Oldcastle APG, launches season 2 of its reality competition show Concrete Combat on Roku TV. The show features eight professional contracting teams competing for a $10,000 prize and a chance to attend World of Concrete 2025 in Las Vegas. The new season consists of six episodes with various challenges using Sakrete concrete materials and Belgard hardscapes products. Projects include overlay paver work, outdoor kitchen construction, and a 'Skatepark Showdown' challenge. Returning champions Concrete Mike compete alongside other teams, with judges Mike Day, Jose Garcia, and Pat McClain returning to evaluate the contestants. The show is available on Roku TV and Sakrete's YouTube channel.
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.
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