CRH Q1 2024 net income $114M vs loss last year; reaffirms FY guidance

CRH PUBLIC LTD CO

2024-Q1 EPS reported $0.16 revenue$6,533,000,000

Q1 net income $114M (EPS $0.16) vs net loss $31M (loss $0.05) in Q1 2023; revenue $6.5B +2%.
Adjusted EBITDA $445M +15% YoY; margin 6.8% up 80bps.
Completed $2.1B acquisition of Texas cement/readymix assets; expects $60M run-rate synergies by year three.
Agreed to acquire majority stake in Adbri (Australia) for $0.7B; transaction expected to close in 2024.
New quarterly dividend $0.35/share (+5% annualized) payable June 26; $0.3B share buyback tranche commenced.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CRH PUBLIC LTD CO reported the fiscal quarter ended March 31, 2024 results: revenue $6.5bn, net income $114m, EPS $0.16. Guidance reaffirmed.

Period: the fiscal quarter ended March 31, 2024
Revenue: $6.5bn
Net income: $114m
EPS: $0.16
Guidance: reaffirmed
Result: reported results

Exact text from the filing

shall be expressly set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- Q1 2024 Results Key Highlights Summary Financials Q1 2024 Change Total revenues $6.5bn +2% Net income 1 $114m 1 n/m 1 Net income margin 1.7% +220bps Adjusted EBITDA* $445m +15% Adjusted EBITDA margin* 6.8% +80bps EPS 1 $0.16 1 n/m 1 • Solid start to the year in

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Source: SEC EDGAR

accession 0001628280-24-022450

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