Summary
CRH Public Ltd Co (CRH) reported its first-quarter results for the period ending March 30, 2025. Total revenues saw a modest increase of 3% year-over-year, reaching $6.8 billion. However, the company experienced a net loss of $98 million for the quarter, a significant decrease from the $114 million net income reported in the prior year's first quarter. This shift is largely attributed to the non-recurrence of substantial gains from divestitures recognized in the first quarter of 2024, alongside increased interest expenses and higher depreciation charges. Despite the net loss, Adjusted EBITDA demonstrated an 11% increase to $495 million, driven by pricing improvements, acquisitions, and disciplined cost management across its segments, particularly in the International Solutions segment. CRH continued its strategic focus on acquisitions, completing eight deals for a total consideration of $0.6 billion in the quarter, a decrease from the significant investment in the prior year. The company also returned capital to shareholders through $0.3 billion in share repurchases and declared a quarterly dividend of $0.37 per share. Management reaffirms its financial guidance for 2025, anticipating positive underlying demand driven by infrastructure investments and re-industrialization, while the residential new-build segment is expected to remain subdued. The company's strong balance sheet and differentiated strategy are positioned to support continued growth and value creation.
Financial Highlights
55 data points| Revenue | $6.76B |
| Cost of Revenue | $4.92B |
| Gross Profit | $1.84B |
| SG&A Expenses | $1.83B |
| Operating Income | $18.00M |
| Net Income | -$94.00M |
| EPS (Basic) | $-0.15 |
| EPS (Diluted) | $-0.15 |
| Shares Outstanding (Basic) | 676.70M |
| Shares Outstanding (Diluted) | 676.70M |
Key Highlights
- 1Total revenues increased by 3% to $6.8 billion compared to Q1 2024.
- 2Reported a net loss of $98 million for Q1 2025, a decrease from a net income of $114 million in Q1 2024.
- 3Adjusted EBITDA increased by 11% to $495 million, indicating underlying operational strength.
- 4Completed eight acquisitions totaling $0.6 billion in the first quarter, a decrease from $2.2 billion in Q1 2024.
- 5Returned $0.3 billion to shareholders through share repurchases and declared a quarterly dividend of $0.37 per share.
- 6Long-term debt increased to $15.6 billion from $14.0 billion at the end of 2024, partly due to new debt issuances totaling $3.0 billion in January 2025.
- 7Affirmed 2025 financial guidance, expecting positive demand driven by infrastructure investment.