CRH Americas Materials experiences first-quarter 2019 progress

First-quarter 2019 like-for-like sales at CRH Americas Materials operations were 4 percent above the prior year’s first quarter, the company reports.

Operations benefited from good underlying demand, continued strong market fundamentals and pricing progress across product lines, CRH says.

Volumes of aggregate and asphalt were ahead of 2018 due to milder weather in the company’s North and South regions, while severe winter weather conditions in the West and Canada impacted ready-mixed concrete and cement volumes.

For the first half of 2019, CRH Americas Materials, with a continued positive demand environment, expected like-for-like EBITDA to be ahead of its 2018 first half. The company also expects growth in the second half of the year due to continued advancement in both the residential and nonresidential construction markets in the United States, along with increased federal, state and local infrastructure funding measures.