Financial Performance - Total revenues for the first quarter of 2025 increased by 3% to $6.8 billion compared to the same period in 2024[100] - Net loss for the first quarter of 2025 was $98 million, a decrease of $212 million from a net income of $114 million in the first quarter of 2024[120] - Adjusted EBITDA for the first quarter of 2025 was $495 million, an increase of $50 million or 11% compared to the first quarter of 2024[100] - The gross profit margin for the first quarter of 2025 was 27.2%, a decrease of 50 basis points from 27.7% in the first quarter of 2024[111] - Selling, general and administrative expenses increased by 3% to $1.8 billion in the first quarter of 2025, primarily due to a 9% increase in labor costs[112] - The effective tax rate for the first quarter of 2025 was 40%, compared to an effective tax rate of (19%) in the first quarter of 2024[117] - Net income for Q1 2025 was $1.485 billion, compared to $1.050 billion for the same period in 2024[170] Revenue Breakdown - The Americas Materials Solutions segment reported total revenues of $2.2 billion, a 2% increase from the first quarter of 2024[124] - Total revenues for Road Solutions increased by 5%, with asphalt volumes up 4% and pricing up 3%[126] - Americas Building Solutions reported total revenues of $1,682 million, a 1% decrease from Q1 2024, with adjusted EBITDA down 7% to $287 million[128] - International Solutions achieved total revenues of $2,831 million, a 7% increase, and adjusted EBITDA rose by 22% to $149 million[132] - Essential Materials saw total revenues increase by 7%, with aggregates and cement volumes up 9% and 11%, respectively[133] - Road Solutions' total revenues were 11% ahead of the comparable period, with readymixed concrete volumes up 22%[134] Cash Flow and Debt - Net cash used in operating activities was $659 million for Q1 2025, a decrease of $53 million compared to Q1 2024[151] - Total short and long-term debt was $15.7 billion at March 31, 2025, up from $12.7 billion a year earlier[148] - Net Debt at March 31, 2025, was $12.7 billion, compared to $9.6 billion at the same time last year[148] - Net cash provided by financing activities was $1.1 billion for Q1 2025, compared to a net cash used of $0.2 billion in Q1 2024[154] - Proceeds from debt issuances in Q1 2025 were $3.0 billion, an increase of $1.2 billion compared to the same period in 2024[154] - Payments on debt in Q1 2025 were $1.5 billion, up from $0.7 billion in Q1 2024[154] - Dividends paid in Q1 2025 were $nil billion, compared to $0.8 billion in Q1 2024[154] - The company has $15.7 billion in short and long-term debt, with $1.4 billion maturing in Q2 2025[162] Investments and Acquisitions - Eight acquisitions were completed in the first quarter of 2025 for a total consideration of $0.6 billion, compared to $2.2 billion in the same period of 2024[101] - The company invested $0.6 billion in acquisitions during Q1 2025, a decrease of $1.6 billion from the same period in 2024[153] Market Outlook - The outlook for 2025 remains positive, with expectations of continued demand driven by public investment in infrastructure and resilient repair and remodel activity[103] Debt Management and Hedging - The company's debt ratings as of March 31, 2025, were BBB+ from S&P and Fitch, and Baa1 from Moody's, all with a stable outlook[161] - As of March 31, 2025, the company had fixed rate debt of $13.9 billion (87%) and floating rate debt of $2.1 billion (13%), compared to $10.8 billion (76%) and $3.5 billion (24%) as of December 31, 2024[181] - The impact of a 100bps increase in interest rates on the variable rate cash and debt portfolio would be approximately $12 million favorable as of March 31, 2025, compared to $2 million favorable at December 31, 2024[182] - The gross notional amount of the company's foreign exchange forward contracts was $3.4 billion at March 31, 2025, down from $4.6 billion at December 31, 2024[184] - A 10% weakening in foreign currency exchange rates versus the U.S. Dollar would increase the fair market value of foreign currency contracts by approximately $24 million as of March 31, 2025[185] - The company manages commodity price risks through negotiated supply contracts and forward contracts to mitigate the impact of price volatility in oil, electricity, coal, and carbon credits[186] - The company has derivative hedging programs in place to neutralize variability arising from changes in commodity indices, with a timeframe of up to four years[187] - The company may enter into foreign exchange forward contracts to hedge against exchange rate fluctuations on cash flows denominated in foreign currencies[184] - The company maintains net debt in the same relative ratio as capital employed to act as an economic hedge against currency asset fluctuations[184] Cash and Liquidity - Cash and cash equivalents at March 31, 2025, were $3.4 billion, compared to $3.8 billion at December 31, 2024[181] - The company's interest rate swaps to convert fixed rate debt to floating rate debt were $1.4 billion as of March 31, 2025, unchanged from previous periods[181] - As of March 31, 2025, the company had a $4.0 billion U.S. Dollar Commercial Paper Program, with $0.1 billion outstanding[159] - The company issued $1.25 billion of 5.125% Senior Notes due 2030 and $1.25 billion of 5.500% Senior Notes due 2035 in January 2025[156]

[Q1 2025 Results Overview](index=1&type=section&id=Q1%202025%20Results%20Overview) CRH's Q1 2025 performance demonstrates a solid start to the year, driven by strategic differentiation, positive pricing, and acquisition contributions [Key Highlights](index=1&type=section&id=Key%20Highlights) CRH achieved a robust start to Q1 2025 with 3% total revenue growth and 11% adjusted EBITDA growth, supported by strategic differentiation, positive pricing, and acquisitions, while reaffirming its FY 2025 guidance 2025 Q1 Financial Summary | Summary Financials | Q1 2025 | Change | | :---------------- | :------ | :----- | | Total revenues | $6.8bn | +3% | | Net (loss) income | ($98m) | n/m | | Net (loss) income margin | (1.5%) | (320bps) | | Adjusted EBITDA* | $495m | +11% | | Adjusted EBITDA margin* | 7.3% | +50bps | | Diluted (loss) earnings per share | ($0.15) | n/m | - Despite adverse weather in Q1, the company achieved a strong start, driven by **differentiated strategy**, **positive pricing**, and **acquisition contributions**[5](index=5&type=chunk) - Completed **8 value-enhancing bolt-on acquisitions** totaling **$60 million**[5](index=5&type=chunk) - Continued share buybacks, with **$50 million completed year-to-date**, and initiated a new **$30 million quarterly buyback program**[5](index=5&type=chunk) - Declared a quarterly dividend of **$0.37 per share**, representing a **6% increase year-on-year**[5](index=5&type=chunk) - Reaffirmed FY 2025 guidance, expecting net income of **$3.7 billion - $4.1 billion** and adjusted EBITDA of **$7.3 billion - $7.7 billion**[5](index=5&type=chunk) [CEO Statement](index=1&type=section&id=CEO%20Statement) CEO Jim Mintern highlights strong Q1 performance, attributing it to strategic differentiation, sound business management, and acquisitions, with sustained underlying demand in key markets and a commitment to financial discipline - Strong Q1 performance was driven by the differentiated strategy, sound business management, and acquisition contributions[4](index=4&type=chunk) - Despite the seasonally quiet first quarter, underlying demand in key markets remains robust[4](index=4&type=chunk) - Maintained a strong balance sheet through financial control and discipline[4](index=4&type=chunk) - Reaffirmed 2025 financial guidance, expressing confidence in future growth and value creation[4](index=4&type=chunk) [Performance Overview](index=3&type=section&id=Performance%20Overview) CRH's Q1 2025 total revenues grew 3% to $6.8 billion, driven by acquisitions and commercial management, though a net loss of $98 million was recorded due to a prior-year divestiture gain 2025 Q1 Key Financial Metrics | Metric | Q1 2025 | Q1 2024 | Change | | :--- | :------ | :------ | :--- | | Total revenues | $6.8bn | $6.5bn | +3% | | Net (loss) income | ($98m) | $114m | n/m | | Net (loss) income margin | (1.5%) | 1.7% | (320bps) | | Adjusted EBITDA | $495m | $445m | +11% | | Adjusted EBITDA margin | 7.3% | 6.8% | +50bps | | Diluted (loss) earnings per share | ($0.15) | $0.16 | n/m | - Total revenues increased by **3%**, primarily due to acquisition contributions and strong commercial management, offsetting divestitures and adverse weather impacts[6](index=6&type=chunk) - Net loss was mainly due to the **non-recurring impact of divestiture gains** in the prior year[6](index=6&type=chunk) - Adjusted EBITDA grew by **11%**, benefiting from the differentiated strategy, positive pricing, sustained cost control, and operational efficiencies[6](index=6&type=chunk) [Acquisitions and Divestitures](index=3&type=section&id=Acquisitions%20and%20Divestitures) In Q1 2025, CRH completed 8 acquisitions totaling $60 million, primarily in Americas Materials Solutions, while realizing $10 million from divestitures and asset disposals - Completed **8 acquisitions** in Q1 2025 with a total consideration of **$60 million**, lower than **$2.2 billion** in Q1 2024[7](index=7&type=chunk) - The Americas Materials Solutions segment completed **5 acquisitions**, with Talley Construction being the largest[7](index=7&type=chunk) - Divestitures and disposals of long-lived assets generated **$10 million** in proceeds, lower than **$70 million** in Q1 2024[8](index=8&type=chunk) [Dividends and Share Buybacks](index=3&type=section&id=Dividends%20and%20Share%20Buybacks) CRH's Board declared a quarterly dividend of $0.37 per share, a 6% increase, and the company repurchased $30 million in shares during Q1, with a new $30 million buyback program initiated - The Board declared a quarterly dividend of **$0.37 per share**, representing a **6% increase year-on-year**[9](index=9&type=chunk) - Repurchased approximately **3.2 million ordinary shares** for a total consideration of **$30 million** in Q1 2025[10](index=10&type=chunk) - Year-to-date buybacks totaled **$50 million** as of May 2[10](index=10&type=chunk) - The company will initiate an additional **$30 million share buyback program**, to be completed no later than August 5, 2025[10](index=10&type=chunk) [Innovation and Sustainability](index=3&type=section&id=Innovation%20and%20Sustainability) CRH is committed to driving profitable growth through innovative solutions that support a more sustainable built environment, leveraging technology to enhance efficiency and address global challenges - Committed to driving profitable growth through innovative solutions that support the transition to a more sustainable built environment[11](index=11&type=chunk) - Leverages existing and emerging technologies to enhance efficiency and profitability[11](index=11&type=chunk) - Transforms essential materials into value-added and innovative solutions to address global challenges such as water, circular economy, and decarbonization, making building simpler, safer, and more sustainable[11](index=11&type=chunk) [Segment Performance](index=3&type=section&id=Segment%20Performance) CRH's segments show varied performance in Q1 2025, with Americas Materials Solutions and International Solutions demonstrating revenue and EBITDA growth, while Americas Building Solutions experienced a slight revenue decline [Americas Materials Solutions](index=3&type=section&id=Americas%20Materials%20Solutions) Americas Materials Solutions saw a 2% revenue increase and a significant 293% adjusted EBITDA growth, driven by pricing, acquisitions, and operational efficiencies, despite weather-related activity declines Americas Materials Solutions Performance Analysis | in $ millions | Q1 2024 | Currency | Acquisitions | Divestitures | Organic | Q1 2025 | % change | | :------------ | :------ | :------- | :----------- | :----------- | :------ | :------ | :------- | | Total revenues | 2,202 | (10) | +144 | (16) | (77) | 2,243 | +2% | | Adjusted EBITDA | 15 | — | +10 | +6 | +28 | 59 | +293% | | Adjusted EBITDA margin | 0.7% | | | | | 2.6% | | - Total revenues increased by **2%**, primarily driven by continued pricing progress and acquisition contributions, offsetting activity level declines due to weather disruptions[12](index=12&type=chunk)[17](index=17&type=chunk) - Adjusted EBITDA significantly outpaced the prior year, growing by **293%**, mainly due to commercial progress, sustained cost management, and operational efficiencies[12](index=12&type=chunk)[20](index=20&type=chunk) [Essential Materials (Americas Materials Solutions)](index=7&type=section&id=Essential%20Materials%20(Americas%20Materials%20Solutions)) Essential Materials revenue decreased by 3% due to lower volumes across most regions, despite price increases in aggregates and cement, impacted by adverse weather - Essential Materials total revenues decreased by **3%**, primarily due to lower volumes across most regions[18](index=18&type=chunk) - Aggregates prices increased by **8%**, and cement prices increased by **4%**[18](index=18&type=chunk) - Aggregates volumes decreased by **5%**, and cement volumes decreased by **2%**, impacted by adverse weather[18](index=18&type=chunk) [Road Solutions (Americas Materials Solutions)](index=7&type=section&id=Road%20Solutions%20(Americas%20Materials%20Solutions)) Road Solutions revenue grew 5%, propelled by increased paving activity and growth in asphalt and ready-mixed concrete volumes and prices - Road Solutions total revenues increased by **5%**, driven by increased paving activity and growth in asphalt and ready-mixed concrete[19](index=19&type=chunk) - Asphalt volumes increased by **4%**, with prices up **3%**[19](index=19&type=chunk) - Ready-mixed concrete volumes increased by **4%**, with prices up **1%**[19](index=19&type=chunk) [Americas Building Solutions](index=3&type=section&id=Americas%20Building%20Solutions) Americas Building Solutions experienced a 1% revenue decline and a 7% adjusted EBITDA decrease, as strong water and energy markets and acquisitions were offset by weather-impacted demand and subdued residential activity Americas Building Solutions Performance Analysis | in $ millions | Q1 2024 | Currency | Acquisitions | Divestitures | Organic | Q1 2025 | % change | | :------------ | :------ | :------- | :----------- | :----------- | :------ | :------ | :------- | | Total revenues | 1,693 | (4) | +60 | (8) | (59) | 1,682 | (1 %) | | Adjusted EBITDA | 308 | — | +15 | (1) | (35) | 287 | (7 %) | | Adjusted EBITDA margin | 18.2% | | | | | 17.1% | | - Total revenues decreased by **1%**, as acquisition contributions and strong performance in water and energy markets were offset by weather-impacted demand[12](index=12&type=chunk)[21](index=21&type=chunk) - Adjusted EBITDA decreased by **7%**, primarily due to adverse weather and subdued residential activity[12](index=12&type=chunk)[23](index=23&type=chunk) [Building & Infrastructure Solutions (Americas Building Solutions)](index=7&type=section&id=Building%20%26%20Infrastructure%20Solutions%20(Americas%20Building%20Solutions)) Building & Infrastructure Solutions revenue increased by 4%, benefiting from higher volumes in water and energy markets and positive acquisition impacts - Total revenues increased by **4%**, benefiting from increased volumes in water and energy markets and positive acquisition impacts[22](index=22&type=chunk) [Outdoor Living Solutions (Americas Building Solutions)](index=7&type=section&id=Outdoor%20Living%20Solutions%20(Americas%20Building%20Solutions)) Outdoor Living Solutions revenue declined by 3% due to reduced demand in key markets, primarily impacted by unfavorable weather conditions - Total revenues decreased by **3%**, due to reduced demand in key markets impacted by adverse weather[22](index=22&type=chunk) [International Solutions](index=3&type=section&id=International%20Solutions) International Solutions reported a 7% revenue increase and 22% adjusted EBITDA growth, driven by acquisitions and pricing, despite adverse weather and activity declines in some markets International Solutions Performance Analysis | in $ millions | Q1 2024 | Currency | Acquisitions | Divestitures | Organic | Q1 2025 | % change | | :------------ | :------ | :------- | :----------- | :----------- | :------ | :------ | :------- | | Total revenues | 2,638 | (57) | +370 | (67) | (53) | 2,831 | +7% | | Adjusted EBITDA | 122 | (1) | +29 | (16) | +15 | 149 | +22% | | Adjusted EBITDA margin | 4.6% | | | | | 5.3% | | - Total revenues increased by **7%**, primarily driven by acquisition contributions and continued pricing progress, offsetting adverse weather and activity level declines in certain markets[12](index=12&type=chunk)[24](index=24&type=chunk) - Adjusted EBITDA increased by **22%**, mainly due to good commercial management, operational efficiencies, and acquisition contributions[12](index=12&type=chunk)[27](index=27&type=chunk) [Essential Materials (International Solutions)](index=8&type=section&id=Essential%20Materials%20(International%20Solutions)) Essential Materials revenue grew 7%, with positive pricing and acquisitions offsetting weather impacts, and increased volumes in aggregates and cement, boosted by the Adbri acquisition - Total revenues increased by **7%**, with positive pricing and acquisition contributions offsetting weather impacts[25](index=25&type=chunk) - Aggregates volumes increased by **9%**, with prices up **5%**[25](index=25&type=chunk) - Cement volumes increased by **11%**, with prices up **2%**, benefiting from the Adbri acquisition[25](index=25&type=chunk) [Road Solutions (International Solutions)](index=8&type=section&id=Road%20Solutions%20(International%20Solutions)) International Road Solutions revenue increased by 11%, with strong ready-mixed concrete growth driven by European activity and the Adbri acquisition, while asphalt volumes declined in the UK and Ireland - Total revenues increased by **11%**[26](index=26&type=chunk) - Ready-mixed concrete volumes increased by **22%**, with prices up **9%**, benefiting from increased activity levels in several European countries and the Adbri acquisition[26](index=26&type=chunk) - Asphalt volumes decreased by **4%**, with prices down **1%**, primarily due to lower activity levels in the UK and Ireland[26](index=26&type=chunk) [Building & Infrastructure Solutions and Outdoor Living Solutions (International Solutions)](index=8&type=section&id=Building%20%26%20Infrastructure%20Solutions%20and%20Outdoor%20Living%20Solutions%20(International%20Solutions)) International Building & Infrastructure Solutions and Outdoor Living Solutions saw a 1% revenue increase, primarily supported by acquisition contributions - Total revenues increased by **1%**, primarily supported by acquisition contributions[27](index=27&type=chunk) [Financial Position and Outlook](index=5&type=section&id=Financial%20Position%20and%20Outlook) CRH reaffirms its 2025 financial guidance, anticipating continued positive underlying demand in key end markets, while managing increased debt and maintaining strong liquidity [2025 Full Year Outlook](index=5&type=section&id=2025%20Full%20Year%20Outlook) CRH reaffirms its 2025 financial guidance, expecting net income between $3.7 billion and $4.1 billion and adjusted EBITDA between $7.3 billion and $7.7 billion, driven by public infrastructure investment and non-residential re-industrialization - Reaffirmed 2025 financial guidance, expecting positive underlying demand in key end markets[13](index=13&type=chunk) - Demand will benefit from public investment in critical infrastructure and re-industrialization activity in the non-residential sector[13](index=13&type=chunk) - The new residential market is expected to remain subdued, while repair and remodel activity is anticipated to be resilient[13](index=13&type=chunk) 2025 Financial Guidance | 2025 Guidance (i) | Low ($ billions) | High ($ billions) | | :---------------- | :--------------- | :---------------- | | Net income (ii) | 3.7 | 4.1 | | Adjusted EBITDA* | 7.3 | 7.7 | | Diluted earnings per share (ii) | $5.34 | $5.80 | | Capital expenditure | 2.8 | 3.0 | [Other Financial Items](index=9&type=section&id=Other%20Financial%20Items) In Q1 2025, depreciation, depletion, and amortization increased by $80 million to $477 million due to acquisitions, while net interest expense rose and other non-operating income turned negative, resulting in a diluted loss per share of $0.15 - Depreciation, depletion, and amortization expenses were **$477 million**, an increase of **$80 million** from the prior year, primarily due to acquisitions[28](index=28&type=chunk) - Interest income decreased to **$37 million**, mainly due to lower cash deposits[29](index=29&type=chunk) - Interest expense increased to **$181 million**, primarily due to an increase in the total debt balance[29](index=29&type=chunk) - Other non-operating (expense) income, net, was a **negative $20 million**, primarily due to the non-recurring impact of divestiture gains in the prior year[30](index=30&type=chunk) - Diluted loss per share was **$0.15**, compared to earnings per share of **$0.16** in the prior year, mainly due to the non-recurring impact of divestiture gains[30](index=30&type=chunk) [Balance Sheet and Liquidity](index=9&type=section&id=Balance%20Sheet%20and%20Liquidity) As of March 31, 2025, CRH's total debt was $15.7 billion and net debt was $12.7 billion, reflecting seasonal cash outflows, acquisitions, and shareholder returns, supported by $3.4 billion in cash and $3.9 billion in undrawn credit facilities - As of March 31, 2025, total short and long-term debt was **$15.7 billion**, up from **$14.0 billion** as of December 31, 2024[31](index=31&type=chunk) - Issued **$3.0 billion** of senior notes and repaid **$1.5 billion** of commercial paper in January 2025[31](index=31&type=chunk) - Net debt as of March 31, 2025, was **$12.7 billion**, up from **$10.5 billion** as of December 31, 2024, reflecting seasonal operating cash outflows, acquisitions, and share buybacks[32](index=32&type=chunk) - Held **$3.4 billion** in cash and cash equivalents and **$3.9 billion** in undrawn committed credit facilities at the end of Q1 2025[33](index=33&type=chunk) - Committed to maintaining a strong investment grade credit rating (BBB+ or equivalent)[34](index=34&type=chunk) [Corporate Information](index=9&type=section&id=Corporate%20Information) This section provides details on CRH's Q1 2025 conference call and the timetable for its quarterly dividend payment [Q1 2025 Conference Call](index=9&type=section&id=Q1%202025%20Conference%20Call) CRH will host a conference call and webcast on May 6, 2025, at 8:00 AM ET to discuss its Q1 2025 results and full-year outlook - A conference call and webcast will be held on **May 6, 2025, at 8:00 AM ET**[35](index=35&type=chunk) - The discussion will cover Q1 2025 results and the 2025 outlook[35](index=35&type=chunk) [Dividend Timetable](index=9&type=section&id=Dividend%20Timetable) CRH announced a quarterly dividend of $0.37 per share, with an ex-dividend date and record date of May 23, 2025, and a payment date of June 25, 2025 Quarterly Dividend Payment Timetable | Event | Date | | :--------- | :----------- | | Ex-dividend date | May 23, 2025 | | Record date | May 23, 2025 | | Payment date | June 25, 2025 | - The default payment currency is US Dollars, but shareholders holding depositary interests can elect to receive payment in Euro or Sterling[36](index=36&type=chunk)[37](index=37&type=chunk) [Appendices](index=11&type=section&id=Appendices) This section provides CRH's unaudited condensed consolidated financial statements and reconciliations of non-GAAP financial measures [Primary Statements](index=11&type=section&id=Primary%20Statements) This section presents CRH's unaudited condensed consolidated financial statements, including the statements of income, balance sheets, and cash flows, prepared under U.S. GAAP as of March 31, 2025 - The financial statements are a summary of the company's unaudited condensed consolidated financial statements as of March 31, 2025, prepared in accordance with U.S. GAAP[39](index=39&type=chunk) [Condensed Consolidated Statements of Income (Unaudited)](index=11&type=section&id=Condensed%20Consolidated%20Statements%20of%20Income%20(Unaudited)) This statement details CRH's condensed consolidated income data for the three months ended March 31, 2025 and 2024, including total revenues, gross profit, operating income, net (loss) income, and (loss) earnings per share Condensed Consolidated Statements of Income (Unaudited) | (in $ millions, except share and per share data) | March 31 2025 | March 31 2024 | | :--------------------------------------------- | :------------ | :------------ | | Product revenues | 5,612 | 5,368 | | Service revenues | 1,144 | 1,165 | | Total revenues | 6,756 | 6,533 | | Cost of product revenues | (3,826) | (3,577) | | Cost of service revenues | (1,093) | (1,149) | | Total cost of revenues | (4,919) | (4,726) | | Gross profit | 1,837 | 1,807 | | Selling, general and administrative expenses | (1,833) | (1,787) | | Gain on disposal of long-lived assets | 14 | 8 | | Operating income | 18 | 28 | | Interest income | 37 | 43 | | Interest expense | (181) | (133) | | Other nonoperating (expense) income, net | (20) | 161 | | (Loss) income from operations before income tax expense and income from equity method investments | (146) | 99 | | Income tax benefit | 58 | 19 | | Loss from equity method investments | (10) | (4) | | Net (loss) income | (98) | 114 | | Net (income) attributable to redeemable noncontrolling interests | – | (2) | | Net loss attributable to noncontrolling interests | 4 | 4 | | Net (loss) income attributable to CRH | (94) | 116 | | (Loss) earnings per share attributable to CRH | | | | Basic | ($0.15) | $0.16 | | Diluted | ($0.15) | $0.16 | | Weighted average common shares outstanding | | | | Basic | 676.7 | 687.8 | | Diluted | 676.7 | 693.4 | [Condensed Consolidated Balance Sheets (Unaudited)](index=13&type=section&id=Condensed%20Consolidated%20Balance%20Sheets%20(Unaudited)) This statement presents CRH's condensed consolidated balance sheet data as of March 31, 2025, December 31, 2024, and March 31, 2024, covering total assets, liabilities, and shareholders' equity Condensed Consolidated Balance Sheets (Unaudited) | (in $ millions, except share data) | March 31 2025 | December 31 2024 | March 31 2024 | | :--------------------------------- | :------------ | :--------------- | :------------ | | Assets | | | | | Current assets: | | | | | Cash and cash equivalents | 3,352 | 3,720 | 3,308 | | Restricted cash | – | 39 | – | | Accounts receivable, net | 5,141 | 4,820 | 4,798 | | Inventories | 4,960 | 4,755 | 4,619 | | Assets held for sale | – | – | 236 | | Other current assets | 789 | 749 | 748 | | Total current assets | 14,242 | 14,083 | 13,709 | | Property, plant and equipment, net | 22,179 | 21,452 | 18,878 | | Equity method investments | 732 | 737 | 609 | | Goodwill | 11,475 | 11,061 | 10,125 | | Intangible assets, net | 1,208 | 1,211 | 1,093 | | Operating lease right-of-use assets, net | 1,272 | 1,274 | 1,285 | | Other noncurrent assets | 813 | 795 | 634 | | Total assets | 51,921 | 50,613 | 46,333 | | Liabilities, redeemable noncontrolling interests and shareholders' equity | | | | | Current liabilities: | | | | | Accounts payable | 2,777 | 3,207 | 2,730 | | Accrued expenses | 2,270 | 2,248 | 2,241 | | Current portion of long-term debt | 1,458 | 2,999 | 2,992 | | Operating lease liabilities | 247 | 265 | 255 | | Liabilities held for sale | – | – | 44 | | Other current liabilities | 1,960 | 1,577 | 1,735 | | Total current liabilities | 8,712 | 10,296 | 9,997 | | Long-term debt | 14,213 | 10,969 | 9,680 | | Deferred income tax liabilities | 3,141 | 3,105 | 2,684 | | Noncurrent operating lease liabilities | 1,075 | 1,074 | 1,120 | | Other noncurrent liabilities | 2,423 | 2,319 | 2,110 | | Total liabilities | 29,564 | 27,763 | 25,591 | | Commitments and contingencies | | | | | Redeemable noncontrolling interests | 379 | 384 | 326 | | Shareholders' equity | | | | | Preferred stock, €1.27 par value, 150,000 shares authorized and 50,000 shares issued and outstanding for 5% preferred stock and 872,000 shares authorized, issued and outstanding for 7% 'A' preferred stock, as of March 31, 2025, December 31, 2024, and March 31, 2024 | 1 | 1 | 1 | | Common stock, €0.32 par value, 1,250,000,000 shares authorized; 715,487,343, 718,647,277 and 729,477,337 issued and outstanding, as of March 31, 2025, December 31, 2024, and March 31, 2024 respectively | 289 | 290 | 294 | | Treasury stock, at cost (38,850,691, 41,355,384 and 41,897,429 shares as of March 31, 2025, December 31, 2024 and March 31, 2024 respectively) | (2,038) | (2,137) | (2,166) | | Additional paid-in capital | 298 | 422 | 337 | | Accumulated other comprehensive loss | (806) | (1,005) | (797) | | Retained earnings | 23,375 | 24,036 | 22,346 | | Total shareholders' equity attributable to CRH shareholders | 21,119 | 21,607 | 20,015 | | Noncontrolling interests | 859 | 859 | 401 | | Total equity | 21,978 | 22,466 | 20,416 | | Total liabilities, redeemable noncontrolling interests and equity | 51,921 | 50,613 | 46,333 | [Condensed Consolidated Statements of Cash Flows (Unaudited)](index=14&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows%20(Unaudited)) This statement provides CRH's condensed consolidated cash flow data for the three months ended March 31, 2025 and 2024, detailing cash flows from operating, investing, and financing activities Condensed Consolidated Statements of Cash Flows (Unaudited) | (in $ millions) | March 31 2025 | March 31 2024 | | :--------------------------------------------- | :------------ | :------------ | | Cash Flows from Operating Activities: | | | | Net (loss) income | (98) | 114 | | Adjustments to reconcile net income to net cash provided by operating activities: | | | | Depreciation, depletion and amortization | 477 | 397 | | Share-based compensation | 32 | 30 | | Loss (gain) on disposals from businesses and long-lived assets, net | 1 | (123) | | Deferred tax expense (benefit) | 4 | (36) | | Loss from equity method investments | 10 | 4 | | Pension and other postretirement benefits net periodic benefit cost | 6 | 9 | | Non-cash operating lease costs | 59 | 75 | | Other items, net | (14) | (25) | | Changes in operating assets and liabilities, net of effects of acquisitions and divestitures: | | | | Accounts receivable, net | (268) | (326) | | Inventories | (139) | (270) | | Accounts payable | (503) | (396) | | Operating lease liabilities | (78) | (75) | | Other assets | (210) | (77) | | Other liabilities | 72 | 1 | | Pension and other postretirement benefits contributions | (10) | (14) | | Net cash used in operating activities | (659) | (712) | | Cash Flows from Investing Activities: | | | | Purchases of property, plant and equipment | (645) | (506) | | Acquisitions, net of cash acquired | (585) | (2,206) | | Proceeds from divestitures | 36 | 729 | | Proceeds from disposal of long-lived assets | 35 | 10 | | Dividends received from equity method investments | 9 | 6 | | Settlements of derivatives | 20 | (13) | | Deferred divestiture consideration received | 36 | – | | Other investing activities, net | 130 | (116) | | Net cash used in investing activities | (964) | (2,096) |\ | Cash Flows from Financing Activities: | | | | Proceeds from debt issuances | 3,017 | 1,818 | | Payments on debt | (1,533) | (651) | | Settlements of derivatives | 15 | (1) | | Payments of finance lease obligations | (21) | (9) | | Deferred and contingent acquisition consideration paid | (11) | (7) | | Dividends paid | – | (750) | | Distributions to noncontrolling and redeemable noncontrolling interests | (17) | (17) | | Repurchases of common stock | (310) | (559) | | Proceeds from exercise of stock options | 1 | – | | Net cash provided by (used in) financing activities | 1,141 | (176) | | Effect of exchange rate changes on cash and cash equivalents, including restricted cash | 75 | (97) | | Decrease in cash and cash equivalents, including restricted cash | (407) | (3,081) | | Cash and cash equivalents and restricted cash at the beginning of period | 3,759 | 6,390 | | Cash and cash equivalents and restricted cash at the end of period | 3,352 | 3,309 | | Supplemental cash flow information: | | | | Cash paid for interest (including finance leases) | 63 | 45 | | Cash paid for income taxes | 134 | 159 | | Reconciliation of cash and cash equivalents and restricted cash | | | | Cash and cash equivalents presented in the Condensed Consolidated Balance Sheets | 3,352 | 3,308 | | Cash and cash equivalents included in Assets held for sale | – | 1 | | Total cash and cash equivalents and restricted cash presented in the Condensed Consolidated Statements of Cash Flows | 3,352 | 3,309 | [Non-GAAP Reconciliation and Supplementary Information](index=17&type=section&id=Non-GAAP%20Reconciliation%20and%20Supplementary%20Information) This section defines and reconciles CRH's non-GAAP financial measures, including Adjusted EBITDA, Net Debt, and Organic Revenue, to provide a clearer understanding of the company's financial performance - CRH uses non-GAAP performance measures to monitor financial performance, which may not be directly comparable to those of other companies[46](index=46&type=chunk) - Non-GAAP measures should not be considered as substitutes for GAAP measures[47](index=47&type=chunk) [Adjusted EBITDA Reconciliation](index=17&type=section&id=Adjusted%20EBITDA%20Reconciliation) Adjusted EBITDA is defined as earnings before interest, taxes, depreciation, and amortization from continuing operations, adjusted for specific non-recurring items, with reconciliation to the nearest GAAP measure provided - Adjusted EBITDA is defined as earnings before interest, taxes, depreciation, and amortization from continuing operations, excluding specific non-recurring items[48](index=48&type=chunk) Adjusted EBITDA Reconciliation Table | in $ millions | March 31 2025 | March 31 2024 | | :------------------------------------------- | :------------ | :------------ | | Net (loss) income | (98) | 114 | | Loss from equity method investments | 10 | 4 | | Income tax benefit | (58) | (19) | | Loss (gain) on divestitures and investments (i) | 26 | (160) | | Pension income excluding current service cost component (i) | (4) | (1) | | Other interest, net (i) | (2) | – | | Interest expense | 181 | 133 | | Interest income | (37) | (43) | | Depreciation, depletion and amortization | 477 | 397 | | Substantial acquisition-related costs (ii) | – | 20 | | Adjusted EBITDA | 495 | 445 | | Total revenues | 6,756 | 6,533 | | Net (loss) income margin | (1.5%) | 1.7% | | Adjusted EBITDA margin | 7.3% | 6.8% | 2025 Adjusted EBITDA Guidance Mid-Point Reconciliation | in $ billions | 2025 Mid-Point | | :------------------------ | :------------- | | Net income | 3.9 | | Income tax expense | 1.1 | | Interest expense, net | 0.6 | | Depreciation, depletion and amortization | 1.9 | | Adjusted EBITDA | 7.5 | [Net Debt Reconciliation](index=19&type=section&id=Net%20Debt%20Reconciliation) Net Debt, a management metric, measures the company's current debt position less available cash, including short and long-term debt, finance lease liabilities, cash, and net derivative financial instruments - Net Debt is used by management to measure the company's current debt position less available cash, including short and long-term debt, finance lease liabilities, cash and cash equivalents, and net derivative financial instruments[52](index=52&type=chunk) Net Debt Reconciliation Table | in $ millions | March 31 2025 | December 31 2024 | March 31 2024 | | :-------------------------------- | :------------ | :--------------- | :------------ | | Short and long-term debt | (15,671) | (13,968) | (12,672) | | Cash and cash equivalents (i) | 3,352 | 3,720 | 3,309 | | Finance lease liabilities | (336) | (257) | (145) | | Derivative financial instruments (net) | (31) | (27) | (92) | | Net Debt | (12,686) | (10,532) | (9,600) | [Organic Revenue and Organic Adjusted EBITDA Definition](index=19&type=section&id=Organic%20Revenue%20and%20Organic%20Adjusted%20EBITDA%20Definition) Organic Revenue and Organic Adjusted EBITDA are supplementary metrics used to assess the performance of existing businesses by excluding the incremental impact of acquisitions, divestitures, currency translation, and one-off items - Organic Revenue and Organic Adjusted EBITDA are additional measures used to assess the performance of existing (underlying, like-for-like, or continuing) businesses[53](index=53&type=chunk) - These are calculated by excluding the incremental contribution from current and prior year acquisitions and divestitures, the impact of currency translation, and any one-off items[54](index=54&type=chunk) [Disclaimer/Forward-Looking Statements](index=20&type=section&id=Disclaimer%2FForward-Looking%20Statements) This section contains CRH's forward-looking statements regarding its financial condition, operations, and future performance, highlighting inherent risks and uncertainties that may cause actual results to differ materially - This document contains forward-looking statements regarding CRH's financial condition, operating results, business, and future performance[56](index=56&type=chunk) - Forward-looking statements involve risks and uncertainties, and actual results may differ materially from expectations[58](index=58&type=chunk) - The company undertakes no obligation to publicly update or revise these statements unless required by applicable law[58](index=58&type=chunk) - Factors that could cause actual results to differ include economic and financial conditions, industry cyclicality, increased competition, rising costs, regulatory changes, adverse weather, political uncertainty, and failure to successfully integrate acquisitions[59](index=59&type=chunk)

Group 1: Stock Performance - CRH closed at $93.46, with a +0.45% change from the previous day, lagging behind the S&P 500's gain of 0.58% [1] - Over the last month, CRH shares increased by 5.76%, outperforming the Construction sector's loss of 1.18% and the S&P 500's loss of 0.84% [1] Group 2: Upcoming Earnings - CRH's earnings report is expected on May 5, 2025, with projected EPS of -$0.06, indicating a 200% drop compared to the same quarter last year [2] - The consensus estimate for revenue is $6.88 billion, reflecting a 5.38% increase compared to the same quarter last year [2] Group 3: Fiscal Year Estimates - Zacks Consensus Estimates predict earnings of $5.78 per share and revenue of $37.8 billion for the fiscal year, representing changes of +7.24% and +6.28% respectively from the previous year [3] - Recent changes in analyst estimates for CRH may indicate evolving short-term business trends, with positive revisions seen as a good sign for the company's outlook [3] Group 4: Valuation Metrics - CRH has a Forward P/E ratio of 16.09, which is higher than the industry average of 15.93, indicating a premium valuation [6] - The company has a PEG ratio of 1.48, compared to the industry average PEG ratio of 2.09 [7] Group 5: Industry Ranking - The Building Products - Miscellaneous industry, which includes CRH, has a Zacks Industry Rank of 160, placing it within the bottom 36% 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]

Company Performance - CRH's stock closed at $92.44, reflecting a +1.19% change from the previous day's closing price, outperforming the S&P 500's daily gain of 0.74% [1] - Over the past month, CRH shares experienced a loss of 0.86%, which is better than the Construction sector's loss of 6.25% and the S&P 500's loss of 4.77% [1] Upcoming Earnings - CRH is set to release its earnings report on May 5, 2025, with an expected EPS of -$0.06, indicating a 200% decline compared to the same quarter last year [2] - The consensus estimate for CRH's revenue is $6.88 billion, representing a 5.38% increase from the prior-year quarter [2] Fiscal Year Projections - For the entire fiscal year, the Zacks Consensus Estimates project earnings of $5.78 per share and revenue of $37.8 billion, reflecting changes of +7.24% and +6.28% respectively from the prior year [3] Analyst Estimates - Recent changes to analyst estimates for CRH are important as they reflect short-term business trends, with positive revisions indicating analysts' confidence in the company's performance [4] - Adjustments in estimates are correlated with stock price performance, and the Zacks Rank system has been developed to integrate these changes [5] Zacks Rank and Valuation - CRH currently holds a Zacks Rank of 3 (Hold), with a 0.17% decline in the Zacks Consensus EPS estimate over the past month [6] - The company has a Forward P/E ratio of 15.81, which is a premium compared to the industry's average Forward P/E of 15.41, and a PEG ratio of 1.45, lower than the industry average PEG ratio of 1.82 [7] Industry Context - The Building Products - Miscellaneous industry, part of the Construction sector, has a Zacks Industry Rank of 154, placing it in the bottom 38% of over 250 industries [8]

Core Insights - Oldcastle APG, a subsidiary of CRH plc, has acquired the bagged and bulk mulch and soil assets of H&H General Excavating, enhancing its Lawn & Garden division and reinforcing its leadership in outdoor living solutions [1][2][4]. Market Expansion - The acquisition of H&H's facilities in Pennsylvania allows Oldcastle APG to broaden its product range and improve service capabilities in the Northeast, ensuring better customer access to high-quality mulch and soil products [2][4]. - This strategic move aligns with the company's mission to help customers "Live Well Outside" and supports its strategy of building a comprehensive portfolio of outdoor solutions [2][4]. Company Strategy - CRH focuses on expanding its geographical footprint and product portfolio through strategic acquisitions, which include various fields such as outdoor living solutions and infrastructure [5]. - In 2024, CRH completed 40 acquisitions worth $5 billion, a significant increase from $0.7 billion in 2023, indicating a robust growth strategy [6]. Financial Performance - CRH reported fourth-quarter 2024 revenues of $8.9 billion, which fell short of the consensus estimate of $9.3 billion, raising investor concerns about financial performance [8]. - Despite a 2.2% year-to-date increase in share price, CRH's stock has seen a decline of 7.7% in March 2025 due to various factors, including the disappointing revenue report [8]. Market Presence - On March 24, 2025, CRH was removed from the FTSE All-World Index, reflecting significant adjustments in its market presence amid adverse economic developments affecting European stocks [9].

Core Viewpoint - CRH's stock performance has lagged behind major indices, with a notable decline over the past month, and upcoming earnings are anticipated to show a significant drop in EPS compared to the previous year [1][2]. Financial Performance - The upcoming EPS for CRH is projected at -$0.06, indicating a 200% decrease year-over-year [2]. - Revenue is expected to reach $7.05 billion, reflecting a 7.9% increase compared to the same quarter last year [2]. - For the full year, earnings are projected at $5.82 per share and revenue at $38.09 billion, representing increases of 7.98% and 7.09% respectively from the prior year [3]. Analyst Estimates and Market Sentiment - Recent revisions to analyst estimates have shown a 3.76% decrease in the Zacks Consensus EPS estimate over the past month, indicating a bearish sentiment [5]. - CRH currently holds a Zacks Rank of 4 (Sell), suggesting a negative outlook from analysts [5]. Valuation Metrics - CRH is trading at a Forward P/E ratio of 16.68, which is above the industry average of 16.32, indicating a premium valuation [6]. - The company has a PEG ratio of 1.21, compared to the industry average of 1.76, suggesting a more favorable growth expectation relative to its price [7]. Industry Context - The Building Products - Miscellaneous industry, which includes CRH, has a Zacks Industry Rank of 155, placing it in the bottom 39% of over 250 industries [7].

Core Viewpoint - The article discusses the reliability of brokerage recommendations, particularly focusing on CRH, and highlights the disparity between brokerage ratings and actual stock performance, suggesting that investors should be cautious in relying solely on these recommendations [1][4][9]. Group 1: Brokerage Recommendations for CRH - CRH has an average brokerage recommendation (ABR) of 1.29, indicating a consensus between Strong Buy and Buy, with 79% of recommendations being Strong Buy and 10.5% being Buy [2][12]. - The ABR is based on recommendations from 19 brokerage firms, with 15 Strong Buy and 2 Buy ratings [2]. Group 2: Limitations of Brokerage Recommendations - Studies indicate that brokerage recommendations often do not successfully guide investors in selecting stocks with the highest price increase potential [4][9]. - Analysts from brokerage firms tend to exhibit a strong positive bias in their ratings due to vested interests, issuing five Strong Buy recommendations for every Strong Sell [5][9]. Group 3: Zacks Rank vs. ABR - The Zacks Rank, a proprietary stock rating tool, categorizes stocks from Strong Buy to Strong Sell and is based on earnings estimate revisions, which are more effective in predicting near-term stock price movements [7][10]. - Unlike the ABR, which may not be up-to-date, the Zacks Rank reflects timely changes in earnings estimates, providing a more accurate prediction of future stock prices [11]. Group 4: Current Earnings Estimates for CRH - The Zacks Consensus Estimate for CRH has declined by 4% over the past month to $5.84, indicating growing pessimism among analysts regarding the company's earnings prospects [12]. - This decline in earnings estimates has resulted in a Zacks Rank of 4 (Sell) for CRH, suggesting that the positive ABR should be viewed with caution [13].

Group 1 - CRH plc (NYSE: CRH) recently reported Q4 results, prompting a detailed analysis of the numbers and short-term outlook [1] - The analysis reflects a skeptical view on the immediate future, indicating a preference for long-term investment strategies with a 5-10 year horizon [1] - The investment philosophy emphasizes a diversified portfolio consisting of growth, value, and dividend-paying stocks, with a particular focus on value [1]

Financial Data and Key Metrics Changes - Total full year revenues reached $35.6 billion, a 2% increase from the prior year, driven by resilient underlying demand and contributions from acquisitions [14] - Adjusted EBITDA for the full year was $6.9 billion, up 12% year-over-year, with a margin expansion of 180 basis points [14] - Earnings per share increased by 18% compared to the previous year, with returns improving to 15.5% in 2024, up 20 basis points [15] Business Line Data and Key Metrics Changes - **Americas Materials Solutions**: Full year sales and adjusted EBITDA were up 5% and 22% respectively, primarily due to price increases and operational efficiencies [17] - **Essential Materials**: Revenues increased by 5%, supported by a 10% price growth in aggregates and 8% in cement [17] - **Road Solutions**: Revenues also rose by 5%, driven by improved pricing in asphalt and ready-mix concrete [17] - **Americas Building Solutions**: Profitability was slightly behind the previous year due to challenging weather and subdued demand in new-build residential segments [22] - **International Solutions**: Adjusted EBITDA increased by 7% with a 120 basis point margin expansion, supported by positive pricing momentum [23] Market Data and Key Metrics Changes - Infrastructure remains the largest end-market, supported by robust state and federal funding, with only a third of highway funds from the IIJA deployed to date [19][50] - Non-residential construction segments, including manufacturing facilities and data centers, showed good activity levels [20] - In international markets, demand in Central and Eastern Europe is supported by public and private funding, while Western Europe is stabilizing [23][24] Company Strategy and Development Direction - The company focuses on capital allocation to support strategic growth initiatives, having invested $5 billion in 40 acquisitions in 2024 [11][30] - The strategy emphasizes a customer-connected solutions approach, integrating materials and services across the construction value chain to maximize growth and profitability [12] - Future growth is expected to be driven by urbanization, transportation, and critical infrastructure megatrends [43][46] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the positive market backdrop for 2025, particularly in infrastructure and non-residential sectors [58][61] - The company anticipates continued demand supported by state and federal funding, with expectations for adjusted EBITDA between $7.3 billion and $7.7 billion for 2025 [52] - The outlook for residential construction remains subdued in the short term, but long-term fundamentals are considered attractive [50] Other Important Information - The company declared a new quarterly dividend of $0.37 per share, representing a 6% increase from the prior year, continuing a track record of over 40 years of dividend growth [32] - The net debt at year-end was $10.5 billion, with a net debt to adjusted EBITDA ratio of 1.5 times [31] Q&A Session Summary Question: Additional color on the '25 outlook in terms of end-markets segments - Management highlighted a positive market backdrop across key markets, particularly in U.S. infrastructure supported by ongoing funding [58][61] Question: Guidance for U.S. aggregates volumes and pricing - Expected low single-digit volume improvement and mid-to-high single-digit pricing growth for aggregates in 2025, supported by strong backlogs [72] Question: M&A expectations for acquired assets - Management expects outsized margin improvement from acquired assets, driven by operational performance and synergies [75][77] Question: Changes in strategic direction under new CEO - The company will continue its successful strategy while focusing more on innovation and technology to enhance construction processes [83][85] Question: Focus areas for M&A in 2025 - The company sees opportunities in higher growth markets and emphasizes the connected nature of its portfolio for superior returns [90][92] Question: Update on the cost environment for 2025 - The company anticipates mid single-digit cost increases due to inflationary pressures, highlighting the importance of continued pricing momentum [100][101] Question: Infrastructure funding concerns - Management remains optimistic about bipartisan support for infrastructure investment, with significant funding still to be deployed [109][111] Question: Margin trajectory for the business - The company aims for continued margin expansion, emphasizing a culture of continuous improvement and operational excellence [120][121]

Revenue Breakdown - In 2024, approximately 35% of revenues came from infrastructure, 30% from non-residential construction, and 35% from residential construction[20] - The Americas Materials Solutions segment accounted for approximately 45% of CRH's total revenues and 54% of Adjusted EBITDA in 2024[37] - In 2024, the Americas Building Solutions segment accounted for approximately 20% of CRH's total revenues and 20% of Adjusted EBITDA, with 65% of segment revenues from residential sales[42] - The International Division accounted for approximately 35% of CRH's total revenues and 26% of Adjusted EBITDA in 2024, with 35% of segment revenues from infrastructure projects[45] Acquisitions and Investments - CRH completed 40 acquisitions for a total consideration of $5.0 billion in 2024, compared to $0.7 billion in 2023[22] - The largest acquisition in 2024 was in the Americas Materials Solutions segment, involving cement and readymixed concrete operations in Texas[22] - CRH's investment in innovation includes a $250 million Venturing and Innovation Fund to support new technologies and solutions[31] - The company is investing $250 million in its Venturing and Innovation Fund to support the development of new technologies and innovative solutions[31] - CRH has established a $250 million Venturing and Innovation Fund to support the development of new technologies and innovative solutions[79] Sustainability and Environmental Impact - Revenues from products with enhanced sustainability attributes reached $14.6 billion in 2024, an increase of 5% compared to 2023 and 16% compared to 2022[32] - CRH's absolute carbon emissions decreased by 4% from 31.0 million tonnes in 2023 to 29.7 million tonnes in 2024, while cement-specific net CO2 emissions per tonne reduced to 537kg[62] - In 2024, CRH recycled 44.7 million tonnes of by-products and wastes for use as alternative materials and fuels, up from 43.9 million tonnes in 2023[62] - CRH aims for a 30% reduction in absolute carbon dioxide emissions by 2030 from a 2021 base year, with a validated target in line with a 1.5°C trajectory[62] - The company is committed to a sustainable and resilient supply chain, actively monitoring its resilience to ensure access to required inputs[65] Operational Performance - Approximately 72% of net income and 74% of Adjusted EBITDA were generated in North America in 2024[21] - Annualized aggregates sales volumes in 2024 were 229.8 million tons for the Americas Division and 143.1 million tons for the International Division[47] - Annualized cement sales volumes in 2024 were 13.9 million tons for the Americas Division and 35.7 million tons for the International Division[48] - Annualized readymixed concrete sales volumes in 2024 were 17.4 million cubic yards for the Americas Division and 21.1 million cubic yards for the International Division[48] - Annualized asphalt sales volumes in 2024 were 52.2 million tons for the Americas Division and 10.0 million tons for the International Division[49] Workforce and Safety - The company employs approximately 79,800 people across 3,816 locations in 28 countries, with 47,400 in the Americas Division and 32,400 in the International Division[72] - In 2024, CRH achieved a lost time incident rate of 0.22, with 94% of locations reporting zero accidents[74] - The company employs approximately 47,400 people at 2,008 locations across the United States and Canada[36] Strategic Focus - CRH's strategy focuses on integrating building materials, products, and services to provide complete solutions for construction challenges[24] - The company continues to expand its North American and International operations to meet increasing demand for customer-connected solutions[21] - CRH prioritizes investment in markets with attractive fundamentals, driving demand for construction amid strong competition in fragmented markets[67] - The company operates in 28 countries, with significant market leadership in North America, Europe, and Australia[21] - The company is focused on research initiatives including hydrogen use, carbon mineralization projects, and Carbon Capture Usage and Storage (CCUS)[79]