CRH reported a strong financial performance for the full year 2024, with total revenues increasing 2% to $35.6 billion. Net income rose 15% to $3.5 billion, and Adjusted EBITDA grew 12% to $6.9 billion, marking the 11th consecutive year of margin expansion.
For the fourth quarter of 2024, total revenues were $8.9 billion, a 2% increase, with Adjusted EBITDA up 12% to $1.8 billion. Basic earnings per share for the full year reached $5.06, a 16% increase from 2023.
CRH reaffirmed its positive outlook for 2025, projecting full-year Adjusted EBITDA between $7.3 billion and $7.7 billion, and diluted EPS between $5.34 and $5.80. This outlook is supported by expected positive underlying demand in key end-use markets, robust infrastructure spending, and re-industrialization activity.
The company's disciplined capital allocation included $5.0 billion invested in 40 acquisitions during 2024, notably a $2.1 billion acquisition of cement and readymixed concrete assets in Texas and an $0.8 billion majority stake in Adbri in Australia. CRH also returned $1.3 billion to shareholders through share buybacks and approved total dividends of $1.40 per share for 2024, a 5% increase.
A new quarterly dividend of $0.37 per share was declared, representing an annualized increase of 6%. The company also completed a $0.3 billion share buyback tranche and initiated another $0.3 billion tranche to be completed by May 2, 2025.
CRH ceased to be a Foreign Private Issuer effective January 1, 2025, following its primary listing transition to the New York Stock Exchange in 2023, with U.S. investor ownership exceeding 50% as of June 30, 2024.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.