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 (NYSE: CRH), a top building materials provider, has completed the acquisition of a majority stake in Adbri The Scheme of Arrangement, initially announced, has now been finalized. This acquisition involves CRH purchasing the remaining 57% of Adbri's ordinary shares that were not owned by Barro Group. This strategic move is expected to enhance CRH's market presence and operational capabilities in the building materials sector.
CRH plc, a leading provider of building materials solutions, announced the approval of the Scheme of Arrangement for the acquisition of Adbri by its Independent Shareholders on June 12, 2024. The approval was followed by Court consent on June 14, 2024.
Under the Scheme, CRH will acquire the remaining 57% of Adbri's ordinary shares not owned by Barro Group for A$3.20 per share. This values Adbri at A$2.1 billion on a 100% basis and the 53% share capital at A$1.1 billion. All transaction conditions, including FIRB approval, have been met, with completion expected by July 1, 2024.
Albert Manifold, CRH's CEO, highlighted Adbri's quality assets and market positions that align with CRH's core competencies and growth plans in Australia. The partnership with Barro aims to enhance Adbri's long-term growth and performance.
CRH PLC announced the filing of Form 10-Q for the quarter ended March 31, 2024, with the SEC. The form is available on the SEC and company websites. Contact Neil Colgan for enquiries.
CRH plc has completed the latest phase of its share buyback program, returning $0.3 billion to shareholders. Since May 2018, $7.6 billion has been returned to shareholders. HSBC Securities (USA) Inc. will repurchase ordinary shares for up to $0.3 billion on behalf of CRH, starting on May 10, 2024. The Buyback aims to reduce CRH's share capital and will be conducted in compliance with relevant regulations.
CRH plc reported Q1 2024 results with total revenues of $6.5bn (+2%), net income of $114m, and adjusted EBITDA of $445m (+15%). The company completed acquisitions worth $2.2bn and divestitures of $0.7bn. CRH reaffirmed FY24 guidance with net income ranging from $3.55bn to $3.80bn.
FAQ
What is the current stock price of CRH Public Company (CRH)?
What is the market cap of CRH Public Company (CRH)?
What does CRH Public Limited Company do?
Where is CRH headquartered?
What is the significance of North America for CRH?
How does CRH ensure quality in its products?
What recent financial reports has CRH filed?
How can I access CRH's financial reports?
What is CRH's commitment to sustainability?
Who can I contact for more information about CRH?
How has CRH transformed over the past decade?
Where can I find the latest news about CRH?
