CRH PLC Acquisitions Deliver Ahead of Expectations in First-Half 2016; Raising Fair Value Estimate
CRH continued to see strong performance during the first half of 2016. Excluding the impact of acquisitions, divestitures, and currency, revenue was up 8% over the first half of 2015. EBITDA grew 20% over the first half of 2015 to EUR 1.2 billion amid a 90-basis-point margin expansion. While CRH’s legacy businesses delivered largely within our expectations, recently acquired assets from C.R. Laurence and divestitures from LafargeHolcim performed ahead of our expectations. As a result, we’ve rais...CRH is a diversified international building materials company. Co. is engaged in the manufacture and distribution of a range of building materials products from the fundamentals of heavy materials and elements to construct the frame, through value-added products that complete the building envelope, to distribution channels which service construction fit-out and renewal. Co. operates seven operating segments: Europe Heavyside, Europe Lightside, Europe Distribution, Americas Materials, Americas Products, Americas Distribution and Asia.
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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