CRH Stock Surges Nearly 7% Pre-Market On Ambitious 2030 Growth Target - CRH (NYSE:CRH)

Core Insights - CRH PLC shares increased by 6.76% to $128.00 following the announcement of ambitious financial targets through 2030 at its Investor Day in New York City [1] Financial Targets - The company forecasts annual revenue growth of 7% to 9% from 2026 to 2030, with adjusted EBITDA margins expected to reach 22% to 24% by 2030 [2] - CRH aims to convert more than 100% of its adjusted free cash flow every year [2] Capital Capacity and Expansion - CRH has a financial capacity of $40 billion over the next five years, positioning itself as the "top generator of capital and shareholder value" in the building materials industry [3] - The company recently completed the acquisition of Eco Material Technologies for $2.1 billion, enhancing its portfolio in sustainable cement alternatives [3] EBITDA Projections - CRH confirmed its adjusted EBITDA projection for 2025, estimating it to be between $7.5 billion and $7.7 billion [4] Stock Performance - CRH's stock closed at $119.90, reflecting a 4.63% increase, with a price-to-earnings ratio of 24.79 and a market capitalization of $80.44 billion [5] - Over the past year, CRH PLC shares have risen by 31.99% [5]