CRH published its fourth-quarter and full-year 2024 financial results, noting that total revenues in its Americas Materials Solutions business were 1 percent behind 2023’s fourth quarter.
According to CRH, price increases and acquisition-related contributions were offset in the quarter by lower activity levels due to weather disruption in certain regions. Adjusted EBITDA (earnings before interest, tax, depreciation and amortization) in the CRH Americas Materials Solutions business, however, was 20 percent ahead of the prior-year period, as strong pricing, operational efficiencies and cost management drove growth.
“2024 was a strong year for CRH, driven by our customer-connected solutions strategy and leading positions of scale in attractive, higher-growth markets,” says Jim Mintern, CEO of CRH. “We delivered another year of double-digit profit growth and an 11th consecutive year of margin expansion, reflecting a continued focus on commercial management and operational excellence across the organization.
Additionally, CRH says it completed 40 acquisitions in 2024 for $5 billion. The company dedicated $700 million to M&A in 2023.
“The strength of our balance sheet enabled us to invest $5 billion in 40 value-accretive acquisitions while also returning $3 billion of cash to shareholders through dividends and share buybacks,” Mintern says. “The outlook for our business remains positive, underpinned by favorable demand and positive pricing momentum, leaving us well positioned for another year of growth and value creation ahead.”
