NYSE$CRH
CRH PLC · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported a robust performance driven by differentiated solutions, margin expansion, and strategic portfolio activity.
CRH reported a strong Q3 2024 performance with increased sales, profits, and margins. Total revenues reached $10.5 billion, a 4% increase, and net income was $1.4 billion, up by 5%. Adjusted EBITDA grew by 12% to $2.5 billion, with margin expansion driven by positive pricing and cost management. The company reaffirmed its FY24 guidance midpoint and anticipates favorable dynamics across key markets into 2025.
- Robust performance underpinned by differentiated solutions strategy
- Strong double-digit growth in Adjusted EBITDA & EPS despite adverse weather
- Further margin expansion driven by positive pricing, cost management & operational efficiency
- Reaffirming FY24 guidance midpoint; Net Income $3.78bn-$3.85bn; Adjusted EBITDA* $6.87bn-$6.97bn
Headline financials
Revenue & EPS history
CRH · Revenue · Quarterly
$10.5B
Forward guidance
CRH reaffirmed its guidance midpoint for 2024, reflecting continued financial strength and portfolio contributions. Positive underlying demand is expected across key end-use markets, supported by public investment. A lower interest rate environment should aid recovery in new-build residential construction.
Tailwinds
- Continued strength of financial performance
- Positive underlying momentum in our business
- Positive contribution from portfolio activity
- Positive underlying demand across our key end-use markets
- Significant public investment in infrastructure and re-industrialization activity
Headwinds
- Some macroeconomic uncertainties
- Potential Q4 impairment in the range of $0.3-$0.4 billion
- Challenging market conditions which may impact future growth prospects
- Increased risk of impairments as a result of certain recent challenging market conditions
- Subdued residential activity in Western Europe
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 Q3 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
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro