Crh Plc Stock Price, News & Analysis

CRH plc has successfully completed another phase of its share buyback program, returning an additional $0.3 billion to shareholders. From December 19, 2022 to March 30, 2023, 5.9 million ordinary shares were repurchased, totaling $4.3 billion since the program began in May 2018. Furthermore, CRH has initiated a $750 million buyback with UBS to repurchase up to 50 million shares between March 31, 2023, and June 29, 2023. This buyback aims to reduce share capital and is part of a broader $3 billion buyback program announced earlier. All transactions will comply with relevant regulations.

CRH plc has published the Notice of its 2023 Annual General Meeting (AGM) along with the Form of Proxy, which are available on its official website. The documents have been submitted to the U.K. National Storage Mechanism and Euronext Dublin for public inspection. They are expected to be mailed to shareholders on March 29, 2023. Shareholders can access these documents online via links provided in the release. For any inquiries, Neil Colgan, the Company Secretary, can be contacted directly.

CRH plc released its 2022 Annual Report on March 10, 2023, now available in both ESEF compliant and PDF formats on its website. The report outlines the company's performance and financials for the year. Additionally, it has been submitted to Euronext Dublin and the UK National Storage Mechanism, with hard copies for shareholders expected to be mailed by March 29, 2023. The report has also been filed with the US Securities and Exchange Commission, allowing US shareholders to request a free hard copy.

CRH plc has successfully completed another phase of its share buyback program, returning an additional $0.3 billion to shareholders. From September 20 to December 16, 2022, 7.7 million shares were repurchased at an average discount of 1.20%. The total cash returned to shareholders since the program's launch in May 2018 has reached $4.1 billion. CRH has also appointed BofA Securities to manage a new buyback of up to $300 million, commencing December 19, 2022, with completion expected by March 30, 2023.

CRH plc announces the establishment of CRH Ventures, its new venture capital unit, aimed at fostering innovation within the construction sector. With a fund of $250 million, CRH Ventures will invest in companies advancing sustainable building products and technologies, enhancing automation, and improving market efficiency. CEO Albert Manifold highlighted that this initiative emphasizes CRH's commitment to supporting startups and driving the industry towards safer and more sustainable construction practices. CRH Ventures is already pursuing partnerships in digitalization and decarbonization.

CRH announced strong financial results for the nine months ended September 30, 2022, with sales of $24.4 billion, up 13% year-over-year. EBITDA rose 14% to $4.2 billion, and the EBITDA margin expanded to 17.1%. Key factors include resilient demand, disciplined cost control, and successful integrated solutions strategy amid inflationary pressures. The company plans to return $1.2 billion to shareholders through a share buyback program and invested $3 billion in acquisitions. Full-year EBITDA guidance is maintained at approximately $5.5 billion, indicating continued growth.

CRH has successfully completed a new phase of its share buyback program, returning $0.3 billion to shareholders, bringing the total returned to $3.8 billion since May 2018. A total of 8.2 million shares were repurchased at an average discount of 0.93% between June 16 and September 19, 2022. A new buyback of up to $300 million will commence on September 20 and end by December 16, 2022, aimed at reducing share capital. The company is committed to conducting buybacks based on capital needs and market conditions.

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.