Irish-headquartered building materials group CRH had revenues of $10.2 billion in the second quarter, up 6% year-on-year.
The company’s net income was 2% higher at $1.3 billion.
CRH said it expects demand to continue through the rest of the year – underpinned by public investment in critical infrastructure, and continued re-industrialisation.
“Our strong second quarter performance was driven by favourable underlying demand, disciplined commercial management and further contributions from acquisitions,” said Jim Mintern, CRH Chief Executive Officer.
“CRH’s proven strategy continued to drive higher sales, profits and Adjusted EBITDA margins, while our robust balance sheet and financial capacity enabled us to allocate approximately $3 billion to growth investments and capital returns year-to-date,” he added.
CRH has completed 19 acquisitions so far thus year, and continues to see an active pipeline of opportunities.
“Underlying demand in our key end-use markets remains positive and we are pleased to raise our guidance for 2025,” Mr Mintern added.
