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Why the Market Dipped But CRH (CRH) Gained Today
ZACKS· 2025-01-30 00:05
Company Performance - CRH closed at $99.09, marking a +0.58% move from the prior day, outperforming the S&P 500 which registered a daily loss of 0.47% [1] - Over the last month, CRH's shares have increased by 6.49%, surpassing the Construction sector's gain of 0.6% and the S&P 500's gain of 1.67% [1] Upcoming Earnings - CRH is expected to report EPS of $1.48, reflecting a 14.73% increase from the prior-year quarter [2] - The consensus estimate projects revenue of $9.27 billion, indicating a 6.76% rise from the equivalent quarter last year [2] Analyst Estimates - Recent adjustments to analyst estimates for CRH reflect near-term business trends, with positive revisions indicating analyst optimism regarding the company's business and profitability [3] - Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.38% higher [5] Valuation Metrics - CRH has a Forward P/E ratio of 16.29, indicating a discount compared to its industry's Forward P/E of 18.19 [5] - The PEG ratio for CRH is currently 1.07, while the average PEG ratio for the Building Products - Miscellaneous industry is 1.92 [6] Industry Ranking - The Building Products - Miscellaneous industry, part of the Construction sector, has a Zacks Industry Rank of 174, placing it in the bottom 31% of all industries [6] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]
CRH (CRH) Stock Falls Amid Market Uptick: What Investors Need to Know
ZACKS· 2025-01-29 00:21
Company Performance - CRH's stock closed at $98.52, reflecting a -0.51% change from the previous day, underperforming the S&P 500's 0.92% gain [1] - Over the last month, CRH's shares increased by 7.11%, outperforming the Construction sector's gain of 1.46% and the S&P 500's gain of 0.81% [1] Financial Projections - CRH's upcoming earnings per share (EPS) are projected to be $1.48, indicating a 14.73% increase from the same quarter last year [2] - Revenue is forecasted to be $9.27 billion, reflecting a 6.76% growth compared to the corresponding quarter of the prior year [2] Analyst Sentiment - Recent shifts in analyst projections for CRH should be monitored, as positive estimate revisions indicate analyst optimism regarding the company's business and profitability [3] - The Zacks Rank system, which incorporates estimate changes, provides an actionable rating system for investors [4] Valuation Metrics - CRH has a Forward P/E ratio of 16.37, which is lower than the industry average of 18.52, suggesting that CRH is trading at a discount [6] - The company holds a PEG ratio of 1.08, compared to the industry average PEG ratio of 1.96, indicating a favorable growth expectation relative to its valuation [7] Industry Context - The Building Products - Miscellaneous industry, which includes CRH, has a Zacks Industry Rank of 178, placing it in the bottom 30% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]
CRH (CRH) Beats Stock Market Upswing: What Investors Need to Know
ZACKS· 2025-01-23 00:21
The latest trading session saw CRH (CRH) ending at $100.33, denoting a +1.05% adjustment from its last day's close. The stock exceeded the S&P 500, which registered a gain of 0.61% for the day. Elsewhere, the Dow saw an upswing of 0.3%, while the tech-heavy Nasdaq appreciated by 1.28%.The building material company's shares have seen an increase of 4.79% over the last month, surpassing the Construction sector's gain of 4.32% and the S&P 500's gain of 2.08%.Investors will be eagerly watching for the performan ...
CRH: Cementing Solid Foundation Ahead Of Administration Changes
Seeking Alpha· 2024-12-24 13:37
CRH plc (NYSE: CRH ) is recovering better than its peers in today's recovery from supply chain disruptions caused by COVID-19. Aside from consistently expanding their market presence, CRH's operational efficiency also improved, better than their pre-pandemic performance. Another catalystHi there! I am an equity research analyst by profession but a trader by heart, with a background in accounting. I try my best to be a responsible investor, guided by my expertise in fundamental and technical analysis. I enjo ...
CRH Expands in California With Dutra Materials Acquisition
ZACKS· 2024-11-18 17:11
CRH plc (CRH) acquired Dutra Materials in San Rafael, CA, expanding its America’s Materials Solutions business in the Western United States. This deal brings additional strategic aggregate reserves and asphalt production capabilities, helping CRH better serve the northern California construction market.The California construction market is one of the largest in the United States, presenting CRH with significant growth opportunities. Following its entry into California earlier this year through the acquisiti ...
CRH (CRH) is a Great Momentum Stock: Should You Buy?
ZACKS· 2024-11-08 18:01
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...
Oldcastle Infrastructure Acquires Cook Concrete Products
Prnewswire· 2024-11-08 14:00
ATLANTA, Nov. 8, 2024 /PRNewswire/ -- Oldcastle Infrastructure™, a CRH Company, announced today that it has acquired Cook Concrete Products ("Cook Concrete"). Operating in Redding, CA, Cook Concrete is a provider of precast structures primarily used in underground applications in the energy, water, and communications markets in Northern California, Oregon, and Nevada.   "Founded in 1955, Cook Concrete is a trusted partner with a long track record of serving the Northern California market. Adding Cook Concr ...
CRH(CRH) - 2024 Q3 - Earnings Call Transcript
2024-11-07 21:41
Financial Performance - The company reported total revenues of $10.5 billion for Q3 2024, a 4% increase compared to the prior year, driven by strong underlying demand and contributions from acquisitions [13] - Adjusted EBITDA reached $2.5 billion, representing a 12% increase year-over-year, with a margin expansion of 170 basis points despite inflationary pressures [14] - Earnings per share grew by 10% compared to the prior year period, and 20% on a nine-month basis [14] Business Line Performance - In the Americas Materials Solutions segment, revenues and adjusted EBITDA increased by 4% and 16% respectively, despite weather disruptions [15] - Essential Materials revenues were up 5%, with pricing growth in aggregates and cement of 10% and 9% respectively [17] - The Americas Building Solutions segment saw a 3% increase in revenues, supported by IIJA funding and higher onshoring activity [20] - Europe Materials Solutions reported a strong performance with revenues and adjusted EBITDA up 7% and 24% respectively, aided by pricing progress and the acquisition of Adbri [22] Market Performance - The company noted robust demand in infrastructure, particularly due to increased state and federal funding through the IIJA, with less than 30% of highway funds deployed to date [16] - In Central and Eastern Europe, demand is supported by public and private funding for infrastructure, while Western Europe faces subdued residential demand [23] - The residential market is expected to improve gradually in the second half of 2025, assuming interest rates normalize [40] Strategic Development - The company has invested $4.6 billion in 35 acquisitions year-to-date, focusing on high-growth markets and enhancing solutions capabilities [9] - A new quarterly dividend of $0.35 per share was declared, reflecting a 5% annualized increase [12] - The company is combining its Europe Materials Solutions and Europe Building Solutions segments into a new International Solutions segment to reflect current management practices [26] Management Commentary - Management reaffirmed the midpoint of their guidance for 2024, expecting full-year adjusted EBITDA between $6.87 billion and $6.97 billion, indicating continued double-digit growth [8][37] - The company emphasized its differentiated solution strategy, which allows it to be less impacted by weather and economic cycles [44][46] - Management expressed confidence in the long-term fundamentals for residential construction, supported by favorable demographics and significant underbuild [41] Other Important Information - The company reported a net debt position of $11.2 billion at the end of September, with a net debt to adjusted EBITDA ratio of approximately 1.7x [31] - The company expects to exit 2024 with a net debt to EBITDA ratio around 1.6x [77] Q&A Session Question: Key drivers of performance in Q3 relative to expectations - Management highlighted strong quarter performance despite weather challenges, attributing it to a differentiated solution strategy and diverse end-use markets [44][46] Question: Additional color on reaffirmed guidance for 2024 - Management confirmed the guidance reflects continued positive momentum, with adjusted EBITDA up 12% for both Q3 and nine-month periods [49][50] Question: Pricing expectations for aggregates and cement - Management expects continued pricing momentum with double-digit increases through the end of the year, supported by strong demand [54] Question: Outlook for main end markets in 2025 - Management anticipates robust demand in infrastructure and nonresidential segments, with gradual improvement in residential construction expected [63][64] Question: Impact of M&A activity on 2025 - Management expects a rollover contribution of approximately $250 million in incremental adjusted EBITDA from M&A activities in 2025 [71] Question: Input cost outlook and net debt guidance - Management indicated continued inflation in labor and raw materials, with expectations for a net debt position around 1.6x EBITDA by year-end [75][77]
CRH(CRH) - 2024 Q3 - Quarterly Report
2024-11-07 11:18
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-32846 CRH public limited company (Exact name of registrant as specified Ireland (State or other jurisdiction of incorporation or organiza ...
CRH(CRH) - 2024 Q3 - Quarterly Results
2024-11-07 11:07
Exhibit 99.1 | --- | --- | --- | --- | --- | --- | |-----------------------------|-----------|-------|------------|-----------------|---------| | | | | | | | | Q3 | | 2024 | Results | | | | | | | | | | | | | | | | | | | | | | | | | | Key | | Highlights | | | | Summary Financials | Q3 2024 | | Change | Q3 YTD 2024 | Change | | Total revenues | $10.5bn | | +4% | $26.7bn | +2% | | 1 Net income | $1.4bn | | +5% | $2.8bn | +13% | | Net income margin | 13.2% | | +20bps | 10.5% | +100bps | | Adjusted EBITDA* | $2. ...