Summary
CRH plc reported a robust financial performance in 2023, demonstrating resilience and strategic execution. Total revenues reached $34.9 billion, marking a 7% increase over 2022, driven by positive pricing across key markets and contributions from strategic acquisitions, partially offset by lower volumes in certain regions. The company's Adjusted EBITDA also saw a significant rise to $6.2 billion, indicating improved profitability and operational efficiency. This growth was fueled by strong demand in infrastructure projects, particularly in North America, supported by government funding initiatives like the Infrastructure Investment and Jobs Act (IIJA).
Financial Highlights
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Financial Statements
Beta
| Revenue | $34.95B |
| Cost of Revenue | $22.99B |
| Gross Profit | $11.96B |
| SG&A Expenses | $7.49B |
| Operating Income | $4.19B |
| Interest Expense | $376.00M |
| Net Income | $3.18B |
| EPS (Basic) | $4.36 |
| EPS (Diluted) | $4.33 |
| Shares Outstanding (Basic) | 723.90M |
| Shares Outstanding (Diluted) | 729.20M |
Key Highlights
- 1CRH plc achieved record total revenues of $34.9 billion in 2023, a 7% increase from the prior year, driven by strong pricing and acquisitions.
- 2Adjusted EBITDA increased by 15% to $6.2 billion, demonstrating improved profitability and operational leverage.
- 3North America was a key growth driver, with 73% of Adjusted EBITDA generated in the region, benefiting from significant public infrastructure investment.
- 4The company returned approximately $3.0 billion to shareholders through share buybacks and $0.9 billion in dividends in 2023, underscoring a commitment to shareholder returns.
- 5CRH completed 22 acquisitions totaling $0.7 billion in 2023, continuing its strategy of value creation through targeted M&A activity.
- 6The company reported a net income of $3.1 billion, with a strong operating cash flow of $5.0 billion, indicating healthy cash generation.
- 7CRH made progress on its sustainability goals, with revenues from products with enhanced sustainability attributes increasing by 10% compared to 2022.