Summary
CRH Public Ltd Co. (CRH) reported a record financial performance in 2021, driven by strong demand across its key markets and effective execution of its integrated solutions strategy. Sales increased by 12% to $31.0 billion, while EBITDA saw a significant rise of 16% to $5.35 billion. This robust performance translated into a substantial increase in profit after tax, which more than doubled to $2.6 billion, leading to a 130% surge in earnings per share to 328.8 cents. The company continued its commitment to returning capital to shareholders, increasing the dividend per share by 5% and repurchasing $0.9 billion in shares. CRH's business model, organized into Americas Materials, Europe Materials, and Building Products divisions, demonstrated resilience and adaptability in an inflationary environment, with positive pricing actions and cost control measures mitigating input cost pressures. The company also made significant progress in its sustainability agenda, including an SBTi-approved target for a 25% absolute reduction in Scope 1 and 2 CO2 emissions by 2030. Furthermore, CRH continues to actively manage its portfolio, evidenced by its $1.5 billion investment in acquisitions and a binding agreement to divest its Building Envelope business.
Financial Highlights
35 data points| Revenue | $29.21B |
| Cost of Revenue | $19.38B |
| Gross Profit | $9.83B |
| SG&A Expenses | $6.54B |
| Operating Income | $3.33B |
| Interest Expense | $315.00M |
| Net Income | $2.63B |
| EPS (Basic) | $3.35 |
| EPS (Diluted) | $3.32 |
| Shares Outstanding (Basic) | 780.20M |
| Shares Outstanding (Diluted) | 786.80M |
Key Highlights
- 1Record financial performance with a 12% increase in sales to $31.0 billion and a 16% increase in EBITDA to $5.35 billion.
- 2Profit after tax more than doubled to $2.6 billion, with earnings per share increasing by 130% to 328.8 cents.
- 3Dividend per share increased by 5% to 121.0 cents, demonstrating a commitment to shareholder returns.
- 4Successful acquisition strategy, investing $1.5 billion in bolt-on acquisitions to enhance business platforms.
- 5Divestment of Building Envelope business for $3.8 billion as part of active portfolio management.
- 6Positive progress on sustainability, with an SBTi-approved target for a 25% absolute reduction in Scope 1 and 2 CO2 emissions by 2030.
- 7Strong operational performance across all three divisions: Americas Materials, Europe Materials, and Building Products, benefiting from recovering market demand and effective pricing strategies.