reports
CRH Announces Date for Q1 2024 Results Conference Call
DUBLIN--(BUSINESS WIRE)-- CRH plc, the leading provider of building materials solutions, will publish its Q1 2024 financial results on Friday, May 10, 2024 at 2:00 a.m. (New York) / 7:00 a.m. (Dublin) followed by a conference call and webcast presentation at 8:00 a.m. (New York) / 1:00 p.m. (Dublin). CRH's results and the related presentation will be available at . CRH invites investors and members of the public to register for the event at . Upon registration a link to join the call and dial-in details will be made available. A replay of the webcast will be available on . About CRH CR...
CRH publishes quarterly U.S. GAAP information for 2023
DUBLIN--(BUSINESS WIRE)-- CRH plc, a leading provider of building materials solutions, today provides quarterly information under U.S. GAAP for the financial year ended December 31, 2023. Quarterly financial information is now available at Appendix 1 and at . About CRH CRH (NYSE: CRH, LSE: CRH) is a 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 29 countries, CRH has market leadership positions in both North America and Europe. As the essential partner for tran...
- Chaima Ferrandon
- Delphine Brault
- Sven Edelfelt
ODDO : Focus on Construction: a bitter present (2024), a sweeter futur...
With the exception of the US, construction markets should continue to shrink in 2024 (-2% in Europe) before rebounding on the back of lower interest rates. Against this backdrop, groups will be differentiated mainly on the basis of their resilience (geographical and price/cost mix), capital allocation (and special situations) and valuation. In this context, we are upgrading our recommendations on KONE (modernisation as an alternative source of growth to China) and Holcim (a subst...
LR LEGRAND SA
SGO COMPAGNIE DE SAINT-GOBAIN SA
DG VINCI SA
SU SCHNEIDER ELECTRIC SE
KNEBV KONE OYJ CLASS B
FGR EIFFAGE SA
EN BOUYGUES SA
RXL REXEL SA
GEBN GEBERIT AG
SCHP SCHINDLER HOLDING AG PREF
HEI HEIDELBERGCEMENT AG
CRG CRH PLC
DOKA DORMAKABA HOLDING AG
AALB AALBERTS N.V.
ASSA B ASSA ABLOY AB CLASS B
ACS ACTIVIDADES DE CONSTRUCCION Y SERVICIOS SA
SIK SIKA AG
- Chaima Ferrandon
- Sven Edelfelt
CRH : A star already in orbit
>Superb performance and stock widely owned - Based on the stock’s exceptional performance and the consensus in evidence, we think it offers lower outperformance potential in the medium term. We nonetheless remain convinced of the exceptional nature of the equity story in view of the entry into the American S&P TMI index or the Russell 1000, which could lead to another surge. There is no rush, but the most enlightened investors are likely to have already begun to reduc...
- Chaima Ferrandon
- Delphine Brault
- Sven Edelfelt
ODDO : Focus construction : un présent amer (2024), un futur plus doux...
Hormis les Etats-Unis, les marchés de la construction devraient continuer à reculer en 2024 (-2% en Europe) avant de rebondir à la faveur d’une baisse des taux. Dans ce contexte, la différenciation entre les groupes se fera essentiellement sur leur capacité de résistance (mix géographique et prix/ coûts), l’allocation du capital (et situations spéciales) et leur valorisation. Face à cet environnement, nous relevons nos recommandations sur KONE (la modernisation comme relais de la...
LR LEGRAND SA
SGO COMPAGNIE DE SAINT-GOBAIN SA
DG VINCI SA
SU SCHNEIDER ELECTRIC SE
KNEBV KONE OYJ CLASS B
FGR EIFFAGE SA
EN BOUYGUES SA
RXL REXEL SA
GEBN GEBERIT AG
SCHP SCHINDLER HOLDING AG PREF
HEI HEIDELBERGCEMENT AG
CRG CRH PLC
DOKA DORMAKABA HOLDING AG
AALB AALBERTS N.V.
ASSA B ASSA ABLOY AB CLASS B
ACS ACTIVIDADES DE CONSTRUCCION Y SERVICIOS SA
SIK SIKA AG
- Chaima Ferrandon
- Sven Edelfelt
CRH : Une étoile déjà satellisée et sur orbite
>Une superbe performance et un titre largement détenu - La performance boursière exceptionnelle et le caractère consensuel, nous laissent penser que le titre présente un moindre potentiel de surperformance à moyen terme. Nous restons pour autant convaincus du caractère exceptionnel de l’equity story dans la perspective de l’entrée dans l’indice Américain S&P TMI ou le Russell 1000 qui pourrait amener un nouveau sursaut. Rien ne presse mais les investisseurs les plus a...
CRH completes second phase of European lime divestment
DUBLIN--(BUSINESS WIRE)-- On 22 November 2023, CRH plc announced that it had reached an agreement to divest its lime operations in Europe for a total consideration of c.$1.1 billion. CRH is pleased to announce that the second phase of the transaction, comprising the Group’s lime operations in the UK, is now complete. About CRH CRH (NYSE: CRH, LSE: CRH) is the leading provider of building materials solutions that build, connect and improve our world. Employing c.78,500 people at c.3,390 operating locations in 29 countries, CRH has market leadership positions in both North America and Europe...
- Jean-Baptiste Rouphael
- Louis Boujard
- CFA
- Marc Lavaud
- Philippe Ourpatian
VIE VEOLIA ENVIRONNEMENT SA
SGO COMPAGNIE DE SAINT-GOBAIN SA
ENGI ENGIE SA.
EDP EDP-ENERGIAS DE PORTUGAL SA
PUM PUMA SE
GRF GRIFOLS S.A. CLASS A
CRG CRH PLC
SIX2 SIXT SE
ACKB ACKERMANS & VAN HAAREN NV
FDR FLUIDRA S.A.
ACS ACTIVIDADES DE CONSTRUCCION Y SERVICIOS SA
INX IMCD N.V.
CLNX CELLNEX TELECOM S.A.
GRF.P GRIFOLS S.A. PREF CLASS B
LDO LEONARDO SPA
RMV RIGHTMOVE PLC
ANE CORPORACION ACCIONA ENERGIAS RENOVABLES SA
DTG DAIMLER TRUCK
AGN AEGON N.V.
- Jean-Baptiste Rouphael
- Louis Boujard
- CFA
- Marc Lavaud
- Philippe Ourpatian
VIE VEOLIA ENVIRONNEMENT SA
SGO COMPAGNIE DE SAINT-GOBAIN SA
ENGI ENGIE SA.
EDP EDP-ENERGIAS DE PORTUGAL SA
PUM PUMA SE
GRF GRIFOLS S.A. CLASS A
CRG CRH PLC
SIX2 SIXT SE
ANA ACCIONA SA
ACKB ACKERMANS & VAN HAAREN NV
FDR FLUIDRA S.A.
ACS ACTIVIDADES DE CONSTRUCCION Y SERVICIOS SA
INX IMCD N.V.
CLNX CELLNEX TELECOM S.A.
GRF.P GRIFOLS S.A. PREF CLASS B
LDO LEONARDO SPA
RMV RIGHTMOVE PLC
ANE CORPORACION ACCIONA ENERGIAS RENOVABLES SA
DTG DAIMLER TRUCK
AGN AEGON N.V.
- Chaima Ferrandon
- Sven Edelfelt
CRH : No time limit can be imposed
>2023 EBITDA above forecasts (2%). - CRH has released its results under US GAAP. EBITDA came to $ 6.2bn (+15% in real terms), or $ 6.5bn under IFRS, up 2.0%, above our forecast and the consensus ($ 6.3bn). The group reported a 120bp improvement in its EBITDA margin to 17.7%.Net debt totalled $ 5.4bn vs $ 3.9bn at end-2022 (and $ 5.1bn under IFRS at end-2022). The group spent $ 0.7bn on bolt-on acquisitions, mainly in Building Products in the US ($ 0.4bn) and Euro...
- Chaima Ferrandon
- Sven Edelfelt
CRH : Pas de limite que l’on puisse imposer au temps
>EBITDA 2023 au-dessus des attentes (2%). - CRH a annoncé ses résultats en US GAAP. L'EBITDA est ressorti à 6.2 Md$ (+15% en réel), soit 6.5 Md$ en IFRS 2.0%, au-dessus de nos attentes et du consensus (6.3 Md$). Le groupe a publié une hausse de sa marge d’EBITDA de 120 pb à 17.7%. La DN ressort à 5.4 Md$ vs 3.9 Md$ fin 2022 (et 5.1 Md$ IFRS fin 2022). Le groupe a dépensé 0.7 Md$ en acquisitions de proximité, principalement dans les Building Products aux Etats-Uni...
CRH Continues Share Buyback Program
DUBLIN--(BUSINESS WIRE)-- CRH plc, the leading provider of building materials solutions, is pleased to announce that it has completed the latest phase of its share buyback program, returning a further $0.3 billion of cash to shareholders. Between December 21, 2023 and February 28, 2024, 4.2 million ordinary shares listed on the New York Stock Exchange were repurchased. This brings total cash returned to shareholders under our ongoing share buyback program to $7.3 billion since its commencement in May 2018. CRH today also announces that it has entered into an arrangement with Barclays Capit...
CRH 2023 Full Year Results
DUBLIN--(BUSINESS WIRE)-- CRH plc (NYSE:CRH) (LSE:CRH): Key Highlights Summary Financials (U.S. GAAP) 2023 Change Total revenues $34.9bn +7% Income from continuing operations $3.1bn +14% Income from continuing operations margin 8.8% +60bps Adjusted EBITDA* $6.2bn +15% Adjusted EBITDA margin* 17.7% +120bps EPS (continuing operations) $4.36 +22% EPS (continuing operations) pre-impairment* $4.65 +30% Return on net segment asset...
CRH enters binding agreement to acquire Adbri in Australia
DUBLIN--(BUSINESS WIRE)-- On December 17, 2023, CRH plc, the leading provider of building materials solutions, together with the Barro Group (“Barro” and together with CRH the “Partners”), entered into an agreement with Adbri Ltd (“Adbri”) in relation to a potential transaction to acquire Adbri (the “Offer”) by way of a Scheme of Arrangement (“Scheme”). Following due diligence over the past two months, we are pleased to announce CRH and Adbri have entered into a binding agreement under which CRH will acquire the remaining 57% of the ordinary shares of Adbri not owned by Barro for the previou...
CRH Announces Date for Full Year 2023 Results Conference Call
DUBLIN--(BUSINESS WIRE)-- CRH plc, the leading provider of building materials solutions, will publish its full year 2023 financial results on Thursday, February 29, 2024 at 2:00am ET (7:00am GMT) followed by a conference call and webcast presentation at 8:00am ET (1:00pm GMT). CRH's results and the related presentation will be available at . CRH invites investors and members of the public to register for the event at . Upon registration a link to join the call and dial-in details will be made available. A replay of the webcast will be available on . About CRH CRH (NYSE: CRH, LSE: CRH) is...
CRH completes $2.1bn acquisition of materials assets in Texas
DUBLIN--(BUSINESS WIRE)-- On November 21, 2023, CRH plc announced that it had reached an agreement to acquire an attractive portfolio of cement and readymixed concrete assets in Texas, USA for a total consideration of $2.1 billion. CRH is pleased to announce that the transaction is now complete. About CRH CRH (NYSE: CRH, LSE: CRH) is the leading provider of building materials solutions that build, connect and improve our world. Employing c.75,800 people at c.3,160 operating locations in 29 countries, CRH has market leadership positions in both North America and Europe. As the essential par...
CRH publishes IFRS to U.S. GAAP transition information
DUBLIN--(BUSINESS WIRE)-- CRH plc, the leading provider of building materials solutions, today announces the impact of the transition to generally accepted accounting principles in the United States of America (U.S. GAAP) on its results previously prepared in accordance with International Financial Reporting Standards (IFRS) for the financial years ended December 31, 2021 and December 31, 2022. Equivalent transition impact disclosures will be provided for the financial year ended December 31, 2023 on February 29, 2024. Please note that the Company's most recently published outlook guidance...
- Martin Marandon-Carlhian
- Stephane Houri
- Thomas Zlowodzki
ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/06/2024
Today we are adding CRH to the ODDO BHF European Large Caps Convictions List. It is exposed to the US economy, which we believe will continue to outperform the European economy, as borne out by the very robust job creation figures released last Friday. CRH generates 75% of its EBITDA in the 10 fastest-growing US states, and also has positive technical catalysts such as its future inclusion in the S&P TMI and Russell 1000 indices. - ...
- Martin Marandon-Carlhian
- Stephane Houri
- Thomas Zlowodzki
ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 06/02/2024
Nous faisons rentrer aujourd’hui CRH dans notre liste de valeurs recommandées Large Caps. Elle est exposée à l’économie américaine qui va continuer ,selon nous, de se montrer plus dynamique que l’économie européenne, comme en ont attesté les très bons chiffres de création d’emploi vendredi dernier. Elle réalise 75% de son EBITDA dans les 10 Etats américains à plus forte croissance et dispose en outre de catalyseurs techniques positifs comme sa future entrée dans les indices S&P TMI et...
- Chaima Ferrandon
- Sven Edelfelt
CRH : The American dream never dies
>Potentially joining US indices from as early as March - More and more companies are responding to the call of a listing in the US. The search for a better valuation, clearer visibility and a more solid investor base are the main arguments put forward. Since the announcement of its listing in the US, CRH has gained 45% and its multiples remain at perfectly reasonable levels (EV/EBITDA 2024 of just 8.6x). CRH is expected to begin by joining the US S&P TMI index in Marc...
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