CRH (NYSE:CRH) has reported its financial results for the fiscal quarter ending June 30, 2024, demonstrating solid performance.
The company achieved total revenues of $9.7 billion, consistent with the same period last year, even though adverse weather impacted operations in certain areas.
CRH's net income rose to $1.3 billion, marking an 8% increase compared to the second quarter of 2023.
This growth reflects the company’s effective pricing strategies and robust cost management efforts.
The company also reported an adjusted EBITDA of $2.3 billion, a 12% improvement over Q2 2023.
The company's net income margin increased to 13.6%, up from 12.5% in the same quarter last year.
Similarly, the adjusted EBITDA margin grew to 23.4%, compared to 20.7% in Q2 2023.
Earnings per share (EPS) for the quarter stood at $1.89, a significant rise from the $1.63 reported in the same period last year.
During the quarter, CRH completed eight acquisitions with a total consideration of $0.4 billion, compared to no acquisitions in the same period of 2023.
These strategic acquisitions further strengthen CRH's market position and contribute to its growth trajectory.
Looking ahead, CRH has raised its full-year 2024 guidance, now expecting net income between $3.70 billion and $3.85 billion.
The company also anticipates adjusted EBITDA to range between $6.82 billion and $7.02 billion