Welcome to our dedicated page for Crh Plc news (Ticker: CRH), a resource for investors and traders seeking the latest updates and insights on Crh Plc stock.
CRH plc (NYSE: CRH) generates a steady flow of news related to its role as a global provider of building materials and infrastructure solutions. Company announcements emphasize its position as the leading provider of building materials critical to modernizing infrastructure, with market leadership in North America and Europe and membership in the S&P 500 Index.
News items for CRH often cover quarterly and annual financial results, including updates on revenues, net income, margins and non-GAAP measures such as Adjusted EBITDA. These releases are typically accompanied by conference call and webcast details, as well as references to the companys Form 10-Q and other SEC filings that provide more detailed segment and financial information.
CRHs news flow also includes updates on capital allocation, such as dividend declarations and share buyback activity. The company has highlighted a multi-decade track record of consistent dividend payments since its formation in 1970 and has announced ongoing share repurchase programs, including new buyback tranches conducted through arrangements with financial institutions.
Strategic developments and acquisitions are another recurring theme. CRH has announced acquisitions in aggregates and other building materials businesses, as well as agreements to acquire companies such as Eco Material Technologies, subject to regulatory approvals and customary closing conditions. Through CRH Ventures, the company also reports on venture investments in ConTech and ClimateTech start-ups, including partnerships with firms providing AI-powered pavement condition assessment and roadway asset digitization.
Investors and observers can expect CRH news to feature infrastructure-focused growth initiatives, Investor Day presentations outlining multi-year financial targets, debt offerings and financing activities, and updates from related businesses such as Oldcastle APG and its portfolio of outdoor living brands. This news page provides a centralized view of these developments for those tracking CRHs strategy, financial performance and role in global infrastructure and construction markets.
CRH PLC reported strong first-half results for 2022, achieving $15.0 billion in sales, up 14% from the previous year, and $2.2 billion in EBITDA, reflecting a 21% increase. The EBITDA margin reached 14.7%, marking a 90bps improvement. Notably, the company's interim dividend increased by 4%, accompanied by ongoing share buybacks. With year-to-date acquisition spend at $2.8 billion and a disciplined approach to divestments, CRH remains well-positioned for future growth despite ongoing inflationary challenges.
CRH Company’s Oldcastle APG has acquired Barrette Outdoor Living, a prominent North American manufacturer of fencing and railing products. This strategic acquisition aims to enhance Oldcastle APG's offerings, providing retailers and consumers with a wider range of sustainable outdoor solutions. Barrette, established in 1975, operates multiple manufacturing and distribution sites across the U.S. and Canada. Both companies anticipate that the integration will strengthen their market positions and expand architectural solutions, as they complement each other's product lines.
CRH plc has successfully completed its acquisition of Barrette Outdoor Living, Inc., a leading provider of residential fencing and railing solutions, for an enterprise value of $1.9 billion. This strategic acquisition is expected to bolster CRH's presence in the North American market, enhancing its range of integrated building materials. CRH operates in 28 countries and employs approximately 73,000 people, making it the largest building materials business in North America and Europe.
CRH plc has completed a significant phase of its share buyback program, returning an additional $0.3 billion to shareholders. From March 17 to June 15, 2022, 7.6 million ordinary shares were repurchased at an average discount of 1.63%. This brings the total cash returned since May 2018 to $3.5 billion. A new buyback of up to $300 million will begin today and end by September 30, 2022, with the aim to reduce share capital. Shares will be repurchased on Euronext Dublin under specific guidelines.
CRH plc has agreed to acquire Barrette Outdoor Living, Inc. for an enterprise value of $1.9 billion, reflecting a multiple of approximately 10x EBITDA pre-synergies. The acquisition is part of CRH's strategy to enhance its portfolio following the divestment of its Building Envelope business. Barrette reported a profit before tax of $79 million and gross assets of $1.2 billion for the year ending January 2022. The transaction will be funded by existing resources and is expected to close in the second half of 2022, pending regulatory approval.
CRH has successfully completed the divestment of its Building Envelope business, previously announced on February 28, 2022, with an enterprise value of $3.8 billion. This divestment is part of CRH's strategy to streamline operations and enhance its focus on core areas within the building materials sector. The completion of this transaction is expected to strengthen CRH's financial position and allow for reinvestment into high-growth opportunities across its remaining business segments.
Oldcastle Infrastructure, a CRH company, announced the acquisition of three reinforced concrete pipe and box culvert plants in Texas from The Quikrete Companies. This strategic move enhances Oldcastle's capabilities in the water market, allowing it to offer comprehensive solutions to customers. President Jason Jackson emphasized the benefits of an integrated model for customer service. This acquisition aligns with CRH's position as a leading building materials business, further strengthening its operational footprint in North America.
CRH PLC reports a positive start to 2022, with Q1 sales, EBITDA, and margin exceeding last year's figures. Key highlights include a 13% increase in Americas Materials sales and a robust pipeline of acquisition opportunities totaling $0.6 billion year-to-date. The company's share buyback program is ongoing, with $0.6 billion expected to be completed by June 2022. The outlook for H1 anticipates strong performance, driven by favorable demand and effective execution of their integrated solutions strategy.
CRH plc has completed the latest phase of its share buyback program, returning $0.3 billion to shareholders, bringing the total to $3.2 billion since May 2018. A further buyback of up to $300 million will commence on March 17, 2022, lasting until June 27, 2022. This buyback aims to reduce the share capital by repurchasing a maximum of 45 million ordinary shares on Euronext Dublin. The program aligns with capital needs assessments and market conditions, ensuring compliance with regulatory requirements.
CRH plc has published its 2021 Annual Report and Form 20-F as of March 11, 2022. This report, alongside the Notice of the 2022 Annual General Meeting and Form of Proxy, is now accessible on the company's website. The documents, which comply with ESEF standards, are also filed with Euronext Dublin and the U.K. National Storage Mechanism. Shareholders can request hard copies, expected to be sent out by March 30, 2022. Additionally, the report has been filed with the U.S. Securities and Exchange Commission.