NYSE$CRH
CRH PLC · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported further profit growth and margin expansion.
CRH reported a slight decrease in total revenues but an increase in net income and adjusted EBITDA. The company's differentiated solutions strategy and disciplined capital allocation contributed to a strong financial performance. They are updating their full year guidance.
- Differentiated strategy continuing to deliver robust financial performance
- Carefully constructed portfolio & operating footprint mitigated impact of adverse weather
- Further profit growth & strong margin expansion driven by positive pricing & cost management
- Significant portfolio activity YTD; $3.7bn invested in value-accretive M&A
Headline financials
Revenue & EPS history
CRH · Revenue · Quarterly
$9.65B
Forward guidance
CRH is raising its previous guidance for 2024, reflecting the strength of our financial performance, the positive underlying momentum in our business as well as the positive contribution from recent portfolio activity.
Tailwinds
- Operations in North America are expected to benefit from significant infrastructure activity
- Increased investment in key non-residential segments
- Good underlying demand in infrastructure in Europe
- Good underlying demand in key non-residential markets in Europe
- Further supported by disciplined cost control
Headwinds
- Residential construction expected to remain subdued across our markets in the near term.
- Assuming normal seasonal weather patterns
- No major dislocations in the macroeconomic environment
- Net income 3.70bn - 3.85bn
- Adjusted EBITDA* $6.82bn - $7.02bn
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 Q2 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% |
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