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.
CRH PLC Trading Update - April 2021
CRH PLC reported a positive start to 2021 with a 3% increase in Q1 like-for-like sales. Key highlights include a strong demand and pricing across markets, $0.2 billion in acquisitions, and a completed $0.2 billion divestment of its Brazil cement business. The ongoing share buyback program aims to return $0.3 billion to shareholders by June. The company expects H1 EBITDA to be significantly higher than the previous year due to COVID-19 disruptions. The outlook remains optimistic despite near-term uncertainties.
CRH plc has published the Notice of its 2021 Annual General Meeting along with the Form of Proxy, which shareholders can view on the company's website. The documents have been submitted to the U.K. National Storage Mechanism and Euronext Dublin, where they will soon be available for inspection. Shareholders can expect to receive the documents by March 31, 2021. For further inquiries, Neil Colgan, the Company Secretary, can be contacted.
CRH plc announced the appointment of Caroline Dowling as a non-executive Director, effective March 22, 2021. With extensive operational experience, including a previous role as Business Group President at Flex, Dowling is expected to enhance the Board's strategic direction. Her experience spans global technology operations, making her insights valuable as CRH aims to drive shareholder value. The company continues to be a major player in the building materials sector worldwide.
CRH plc has announced the appointment of Jim Mintern as the new Group Finance Director, effective June 1, 2021, succeeding Senan Murphy. Jim, a Chartered Accountant, brings over 30 years of experience in the building materials industry, including nearly 20 years at CRH. He has held various senior roles, including Country Manager for Ireland and Chief of Staff to the CEO. Albert Manifold, Group Chief Executive, expressed confidence in Jim's financial and industry expertise at a critical time for the Group.
CRH plc has released its 2020 Annual Report and filed Form 20-F, which is now available online. The report is also submitted to the U.K. National Storage Mechanism and Euronext Dublin. Shareholders in the U.S. can request a hard copy at no cost, with physical copies expected to be mailed by March 31, 2021. This filing has implications for transparency and regulatory compliance, crucial for investor information.
CRH plc has launched a share buyback programme, aiming to repurchase up to $300 million worth of ordinary shares. This initiative follows its 2020 Full Year Results announcement on March 4, 2021. The buyback will take place on Euronext Dublin and will run from March 8, 2021, until no later than June 24, 2021. A maximum of 50,000,000 shares will be repurchased, aimed at reducing share capital. The programme aligns with shareholder approvals and regulatory requirements.
CRH plc, a leading global building materials company, announced significant Board changes as part of its renewal process. Heather Ann McSharry and Lucinda Riches will not seek re-election at the Annual General Meeting on 29 April 2021, stepping down from the Board. Additionally, Senan Murphy, Group Finance Director since 2016, will also retire from the Board during 2021 but will remain in his current role until a successor is appointed. The Chairman acknowledged their contributions and wished them success in their future endeavors.
CRH PLC announced its 2020 full-year results, highlighting a robust performance amid challenging conditions. The company achieved sales revenue of $27.6bn, a 2% decrease year-on-year, while EBITDA rose 5% to $4.6bn, improving the EBITDA margin to 16.8%. Notably, net debt/EBITDA stands at 1.3x, the lowest in a decade. The board increased the full-year dividend by 25% to 115.0c and announced a share buyback program of $0.3bn. Despite uncertain near-term outlook, the CEO expressed confidence in the company's strategic positioning and growth prospects.
CRH plc has appointed Richard Fearon and Lamar McKay as non-executive Directors effective December 3, 2020. Fearon, currently Vice Chairman and Chief Financial Officer at Eaton, brings extensive experience in strategic planning and operational management. McKay, previously Chief Transition Officer at BP, has a wealth of experience in safety and operational risk management. Chairman Richie Boucher highlighted their expertise in capital-intensive industries, which will aid CRH's strategic execution and shareholder value enhancement.
CRH announced the upcoming retirement of Senan Murphy, Group Finance Director, during 2021. The Board is now commencing a search for a successor. Senan will remain in his role until a successor is appointed to ensure a smooth transition and will act as an advisor post-transition. CEO Albert Manifold acknowledged Senan's valuable contributions during his five-year tenure, particularly during a significant period of change for the company.
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