CRH Public Limited Company supplies building materials used in infrastructure and construction projects. Company news commonly covers operating and financial results, annual reporting, proxy materials, and shareholder voting matters, along with capital allocation updates such as ordinary share repurchases.
CRH updates also include capital-structure and listing matters. The company completed the cancellation of its London Stock Exchange listings for ordinary shares and 7% preference shares, and its ordinary shares are now solely listed on the New York Stock Exchange under the ticker CRH.
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CRH reported a strong start to 2023 with first-quarter sales and EBITDA exceeding 2022 results. Sales in the Americas Materials Solutions segment rose by 10%, while Americas Building Solutions saw a 22% increase. Despite adverse weather conditions, the company benefited from an integrated solutions strategy and robust pricing. Year-to-date acquisitions totaled $0.2 billion and the share buyback program is set to return $3 billion to shareholders. The company aims for a primary listing in the US, with an Extraordinary General Meeting scheduled for June 8, 2023. First-half sales, EBITDA, and margin are expected to outperform the previous year, bolstered by strong demand for infrastructure and other segments.