CRH plc announced robust third-quarter 2024 financial results, with total revenues increasing 4% year-over-year to $10.5 billion. Net income rose 5% to $1.4 billion, and Adjusted EBITDA saw a significant 12% increase, reaching $2.5 billion, demonstrating strong operating performance despite adverse weather.
The company reaffirmed its 2024 guidance midpoint, projecting Adjusted EBITDA between $6.87 billion and $6.97 billion, and net income between $3.78 billion and $3.85 billion. CRH also declared a quarterly dividend of $0.35 per share, representing an annualized increase of 5% over the prior year.
CRH continued its active capital allocation strategy, completing 12 acquisitions for $1.4 billion in Q3 2024, bringing the year-to-date total to 28 acquisitions for $3.9 billion. This included the $0.8 billion acquisition of a majority stake in Adbri in Australia. The company also completed the third and final phase of its European Lime divestiture on August 30, 2024, and announced a new $0.3 billion share buyback tranche to be completed by February 26, 2025, following the completion of a previous $0.3 billion tranche.
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