NYSE$CRH
CRH PLC · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
CRH had a solid start to the year, driven by positive pricing, early-season activity, and favorable weather in key markets.
CRH reported a solid start to the year with a 2% increase in total revenues to $6.5 billion and a 15% increase in Adjusted EBITDA to $445 million. Net income increased to $114 million, and EPS was $0.16. The performance was driven by positive pricing, early-season activity, and favorable weather in key markets.
- Performance driven by positive pricing, early-season activity & benign weather in key markets
- Integrated solutions strategy delivering further growth in key financial metrics
- $2.1bn materials acquisition in Texas complete; $60m run-rate synergies identified
- Reaffirming FY24 guidance; Net income $3.55bn to $3.80bn; Adjusted EBITDA* $6.55bn to $6.85bn
Headline financials
Revenue & EPS history
CRH · Revenue · Quarterly
$6.53B
Forward guidance
CRH reaffirmed its previous guidance for 2024, expecting a favorable market backdrop and continued positive pricing momentum.
Tailwinds
- Favorable market backdrop expected in 2024.
- Continued positive pricing momentum anticipated.
- North America operations expected to benefit from significant infrastructure activity.
- Increased investment in key non-residential segments expected in North America.
- Good underlying demand in infrastructure and key non-residential markets expected in Europe.
Headwinds
- Residential construction, particularly new-build activity, is expected to remain subdued across markets in the near-term.
- Potential for changes in interest rates.
- Inflation.
- Price volatility.
- Labor and materials shortages.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 10 quarterly earnings reports · overlaid with Q1 2024
+1.1%
Avg return
Earnings day
+1.5%
Avg return
5 days after
-1.6%
Avg return
30 days after
55%
6 / 11 earnings
Positive
+8.3%
Q2 2024
Best reaction
-3.9%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.5% | -3.0% | — | |
| Q4 2025 | +1.0% | -2.5% | -17.7% | |
| Q3 2025 | -2.6% | -2.6% | +3.3% | |
| Q2 2025 | +7.4% | +14.8% | +15.1% | |
| Q1 2025 | -3.6% | -3.7% | -5.5% | |
| Q4 2024 | -0.8% | -5.9% | -13.9% | |
| Q3 2024 | +0.7% | +0.2% | +3.0% | |
| Q2 2024 | +8.3% | +9.7% | +12.1% | |
| Q1 2024 | +2.2% | +6.6% | -3.1% | |
| Q4 2022 | -3.9% | -5.3% | -6.1% | |
| Q4 2021 | +5.8% | +8.6% | -3.8% |
Discussion
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