CRG CRH Plc

CRH Completes Acquisition of Majority Stake in Adbri

CRH plc (NYSE: CRH), the leading provider of building materials solutions, is pleased to confirm that the previously announced Scheme of Arrangement (the “Scheme”) under which CRH and Barro Group (“Barro”) proposed to acquire Adbri Ltd. (“Adbri”) is now complete. Under the Scheme, CRH has acquired the remaining 57% of the ordinary shares of Adbri not owned by Barro.

About CRH

CRH (NYSE: CRH, LSE: CRH) is the leading provider of building materials solutions that build, connect and improve our world. Employing approximately 78,500 people at approximately 3,390 operating locations in 28 countries, CRH has market leadership positions in both North America and Europe. As the essential partner for transportation and critical utility infrastructure projects, complex non-residential construction and outdoor living solutions, CRH’s unique offering of materials, products and value-added services helps to deliver a more resilient and sustainable built environment. The company is ranked among sector leaders by Environmental, Social and Governance (ESG) rating agencies. A Fortune 500 company, CRH’s shares are listed on the NYSE and the LSE.

EN
01/07/2024

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Reports on CRH Plc

 PRESS RELEASE

CRH Announces Interim Chief Financial Officer

NEW YORK--(BUSINESS WIRE)-- CRH plc (NYSE: CRH), the leading provider of building materials solutions, announces that Alan Connolly has been appointed Interim Chief Financial Officer effective January 1, 2025. As announced on September 24, 2024, Jim Mintern, CRH’s current Chief Financial Officer, will assume the role of Chief Executive Officer effective January 1, 2025. A robust and comprehensive process, supported by an independent recruitment consultant, considering both internal and external candidates, is ongoing to identify Mr. Mintern’s permanent successor as Chief Financial Officer. ...

Chaima Ferrandon ... (+2)
  • Chaima Ferrandon
  • Sven Edelfelt

CRH : Pending 2025

>EBITDA grows, beating the consensus by 4% - EBITDA increased by 12% in Q3 to $ 2.5bn, beating the $ 2.4bn consensus by 4%. This performance was achieved thanks to robust activity in the United States (despite the weather conditions), solid pricing and effective cost control. The margin expanded by 170 bp to 23.3%. Management continues to contribute these margins gains to positioning solutions rather than products for cheaper and more sustainable construction. Q3 reve...

Chaima Ferrandon ... (+2)
  • Chaima Ferrandon
  • Sven Edelfelt

CRH : En attendant 2025

>EBITDA en hausse, 4% supérieur au consensus - L'EBITDA T3 est ressorti à 2.5 Md$, en hausse de 12% et 4% au-dessus du consensus de 2.4 Md$. Cette performance s’explique par un bon niveau d’activité aux Etats-Unis (malgré la météo), un bon pricing et un bon contrôle des coûts. La marge ressort à 23.3% en hausse de 170 pb. Le management attribue toujours ces gains de marge au positionnement solutions plutôt que produits pour construire moins cher et plus durable. Le CA...

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