CRH upbeat after revenues, profits jump
By Abigail Townsend
Date: Thursday 27 Feb 2025
(Sharecast News) - Irish building materials group CRH forecast another strong performance in 2025, after it posted a jump in full-year earnings.
The New York-listed firm, which posted annual results after markets closed on Wednesday, said total revenues rose 2% in 2024, to $35.6bn, while net income jumped 15% to $3.5bn.
Adjusted earnings before interest, tax, depreciation and amortisation rose 12% to $6.9bn.
Jim Mintern, who was appointed chief executive at the end of last year, said: "2024 was a strong year for CRH, driven by our customer-connected solutions strategy and leading positions of scale in attractive, higher growth markets.
"The outlook for our business remains positive, underpinned by favourable demand and positive pricing momentum, leaving us well positioned for another year of growth and value-creation ahead."
Looking to the current year, CRH - which makes around 75% of its profits in North America - said it was well placed to benefit from "significant" public investment in critical infrastructure as well as increased re-industrialisation activity outside of the residential market.
As a result, it expects 2025 net income to come in between $3.7bn and $4.1bn, and adjusted EBITDA of between $7.3bn and $7.7bn.
As at 0915 GMT, the stock was down 1% in pre-market trading on Wall Street, and 1% lower at 8,016p in London.
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10 Lower Thames St,
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