CRH made a series of financial gains in the first quarter, including several within its Americas Materials Solutions business.
According to CRH, total first-quarter revenues in Americas Materials Solutions were 2 percent ahead of the prior-year period. CRH says additional pricing progress contributed, as well as acquired businesses.
The company says these factors offset the effects of lower activity due to weather disruption in many regions.
First-quarter adjusted EBITDA (earnings before interest, tax, depreciation and amortization) in Americas Materials Solutions was also ahead of the prior-year period.
Pricing in aggregates improved by 8 percent, the company adds. Aggregate volumes, meanwhile, declined 5 percent in Americas Materials Solutions.
“The strength of our first-quarter performance reflects the benefits of our differentiated strategy, good commercial management and contributions from acquisitions,” says Jim Mintern, CEO of CRH. “Although the first quarter is typically the seasonally least significant period for our business, we are encouraged by the continued strength of underlying demand across our key markets.
“Our relentless focus on financial control and discipline enabled us to maintain our strong balance sheet in the first quarter,” Mintern adds. “Notwithstanding the current macroeconomic uncertainty, the outlook for our business remains positive, and we are pleased to reaffirm our financial guidance for 2025, leaving us well positioned for another year of growth and value creation ahead.”
CRH completed eight acquisitions in the first quarter for a combined $600 million. Five of the eight occurred within the Americas Materials Solutions business.
Talley Construction, a vertically integrated asphalt and paving company with operations in Tennessee, Georgia, Alabama and North Carolina, was among them.
