CRH Public Limited Company - CRH STOCK NEWS

CRH PLC reported strong first-half performance with sales revenue reaching $14.0 billion, reflecting a 15% increase from the previous year. EBITDA surged by 25% to $2.0 billion, driven by margin expansion across all divisions. The company's operating cash flow improved by 55% to $1.6 billion, supporting an interim dividend hike of 4.5% and share buybacks. With $1.1 billion in growth investments year-to-date, CRH anticipates second-half EBITDA to surpass last year's record.

CRH plc, a global leader in building materials, has initiated a share buyback programme worth up to $300 million, commencing June 30, 2021, and concluding by October 1, 2021. The buyback aims to reduce CRH's share capital and adheres to the AGM authorization allowing for the repurchase of up to 10% of its ordinary shares in issue. This initiative is executed through Societe Generale, which will operate independently under pre-set parameters. The repurchased shares will either be held in treasury or canceled later.

CRH plc has completed an additional phase of its share buyback program, returning $0.3 billion to shareholders. A total of 5.8 million ordinary shares were repurchased from March 8 to June 24, 2021, at an average discount of 1.03% to the period's volume weighted average price. This brings the total cash returned under the ongoing buyback program to $2.3 billion since May 2018, signaling a strong commitment to enhancing shareholder value. Further buybacks are currently under consideration.

Oldcastle APG has acquired EP Henry, a manufacturer of hardscape and masonry products in the Mid-Atlantic region. The acquisition, finalized on June 21, 2021, enhances Oldcastle APG's portfolio, which includes brands like Belgard and Echelon. EP Henry, known for its quality products since 1903, operates seven facilities across four states, providing a range of outdoor living products. The deal supports Oldcastle APG's strategy of expanding its market presence through recent acquisitions.

CRH PLC announces the appointment of Jim Mintern as the new Group Finance Director, effective from June 1, 2021. This transition follows the earlier announcement on March 23, 2021, where it was confirmed that Mintern would succeed Senan Murphy. CRH, a leading global building materials company, operates with approximately 77,000 employees across 3,100 locations in 29 countries. They are recognized as the largest building materials company in North America and Europe.

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.