Summary
CRH plc reported a strong financial performance for the fiscal year 2024, marked by record revenues of $35.6 billion and net income of $3.5 billion. Adjusted EBITDA saw a significant increase to $6.9 billion, reflecting a 19.5% margin, driven by disciplined cost management, operational efficiencies, and strategic acquisitions. The company continued its strategic focus on customer-connected solutions, integrating materials, products, and services across the construction value chain, which contributed to repeat business and improved customer relationships. The company's growth was propelled by substantial investments in strategic acquisitions, totaling $5.0 billion in 2024, including the significant acquisition of a cement and readymixed concrete portfolio in Texas and a majority stake in Australia's Adbri Ltd. These acquisitions, alongside organic growth and favorable market conditions, particularly in North American infrastructure and non-residential construction, underpinned the company's robust results. CRH also maintained a commitment to returning capital to shareholders through dividends and share repurchases, demonstrating a balanced approach to capital allocation.
Financial Highlights
55 data points| Revenue | $35.57B |
| Cost of Revenue | $22.87B |
| Gross Profit | $12.70B |
| SG&A Expenses | $7.85B |
| Operating Income | $4.92B |
| Net Income | $3.49B |
| EPS (Basic) | $5.06 |
| EPS (Diluted) | $5.02 |
| Shares Outstanding (Basic) | 683.30M |
| Shares Outstanding (Diluted) | 689.50M |
Key Highlights
- 1Record revenues of $35.6 billion and net income of $3.5 billion in fiscal year 2024.
- 2Adjusted EBITDA increased to $6.9 billion, with an improved margin of 19.5%, reflecting strong operational performance.
- 3Invested $5.0 billion in strategic acquisitions during 2024, enhancing market positions and expanding offerings.
- 4North American operations continue to be a key driver of growth, supported by infrastructure spending and re-industrialization.
- 5Continued focus on sustainability initiatives, with $14.6 billion in revenues from products with enhanced sustainability attributes.
- 6Returned $1.7 billion to shareholders via dividends and $1.3 billion through share repurchases in 2024.
- 7Maintained a strong and flexible balance sheet with $3.8 billion in cash and cash equivalents and restricted cash at year-end.