CRH - Why Construction Materials Company CRH Shares Are Up Premarket Thursday | Benzinga
CRH plc (NYSE:CRH) shares are trading higher after it reported FY23 results and disclosed its share repurchase program.
Revenue rose 7% Y/Y to $34.9 billion, while organic revenues increased 3%, supported by higher underlying demand in key end-use markets, positive pricing, and contributions from acquisitions.
By segment, revenue from Americas Materials Solutions‘ grew 8% Y/Y, Americas Building Solutions rose 13%, Europe Materials Solutions was up 4%, and Europe Building Solutions declined 2% Y/Y in the year.
Adjusted EBITDA increased 15% Y/Y to $6.2 billion, reflecting the continued delivery of the integrated solutions strategy, strong commercial management, ongoing cost control, and operational efficiencies.
Adjusted EBITDA margin expanded to ...