earnings
confidence high
sentiment positive
materiality 0.80
CRH Q2 net income +8% to $1.3bn; raises FY24 guidance; EBITDA margin expands 270bps
CRH PUBLIC LTD CO
2024-Q2 EPS reported
$2.03
revenue$16,187,000,000
- Q2 net income $1.3bn (+8%), EPS $1.89 (+16%), Adj. EBITDA $2.3bn (+12%)
- Raising FY24 guidance: net income $3.70-3.85bn, Adj. EBITDA $6.82-7.02bn
- Completed $2.1B Texas cement acquisition; Adbri majority stake closed July 1; $3.7B YTD M&A
- Quarterly dividend $0.35 (+5% annualized); $0.9B YTD buyback; new $0.3B tranche
- Americas Materials EBITDA +28%; Europe Materials organic EBITDA +2% despite revenue decline