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 ...

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]

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 ...

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. ...

Professional equity portfolio manager for a boutique buy-side asset manager.My focus is on finding highquality companies, applying a disciplined approach to valuation and identifying underappreciated opportunities. My goal is to identify opportunities in cash-rich companies with strong balance sheets and shareholder friendly policies. I endeavour to incorporate a mix of quantitative and qualitative measures to identify opportunities in stocks. Long-only approach with a long-term investment focus. Analyst's ...

Investors might want to bet on CRH (CRH) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. The power of a changing earnings ...

It's an election year in the US, and that means construction. Every time a vote looms, there is a scramble to make a show of some high-profile road building and other repairs across the nation. That means road workers have to acquire a lot I'm Jason Ditz and I have 20 years of experience in foreign policy research. My work has appeared in Forbes, Toronto Star, Minneapolis Star-Tribune, Providence Journal, Washington Times and the Detroit Free Press, as well as American Conservative Magazine and the Quincy I ...

CRH plc (NYSE:CRH) Q2 2024 Results Conference Call August 8, 2024 8:00 AM ET Company Participants Albert Manifold - Group Chief Executive Tom Holmes - Head of Investor Relations Randy Lake - Chief Operating Officer Jim Mintern - Chief Financial Officer Conference Call Participants Trey Grooms - Stephens Kathryn Thompson - Thompson Research Group Michael Dudas - Vertical Research Partners Ross Harvey - Davy Gregor Kuglitsch - UBS Brent Thielman - D.A. Davidson Keith Hughes - Truist Operator Good day, and wel ...

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 June 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 organization) ...

Exhibit 99.1 Q2 2024 Results Key Highlights | --- | --- | --- | --- | --- | |-----------------------------|-----------|---------|-----------|---------| | Summary Financials | Q2 2024 | Change | H1 2024 | Change | | Total revenues | $9.7bn | -1% | $16.2bn | — | | 1 Net income | $1.3bn | +8% | $1.4bn | +20% | | Net income margin | 13.6% | +110bps | 8.8% | +150bps | | Adjusted EBITDA* | $2.3bn | +12% | $2.7bn | +13% | | Adjusted EBITDA margin* | 23.4% | +270bps | 16.7% | +180bps | | EPS1 | $1.89 | +16% | $2.05 ...