Organic Growth Lags in CRH’s 2016, but Acquisitions Will Help Drive Better Growth Going Forward
CRH’s 2016 results largely benefited from the acquisition of the assets from LafargeHolcim, while organic growth was relatively mild. On an as-reported basis, revenue and EBITDA grew 15% and 41%, respectively, from 2016. However, pro forma for the acquisition, revenue and EBITDA grew only 4% and 10%. Nevertheless, the increased exposure to the Americas and upstream building materials stemming from the new assets should help CRH see robust EBITDA growth in the coming years as construction demand ...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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