CRH Continues Incremental Gains in 3Q; Acquisitions Look a Little Pricey and Synergies Questionable
CRH continued its stream of mild incremental gains through the third quarter of 2017. Through the first nine months of the year, companywide EBITDA rose 2% on a like-for-like basis, with performance in Europe and the U.S. outweighing continued problems in the Philippines, which saw a 45% decline in EBITDA year over year. The company estimates full-year EBITDA of EUR 3.2 billion, about 6% below our prior expectations. Some of this can be attributed to the impacts of hurricanes Harvey and Irma on ...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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