2024-07-25 06:02:06 ET
Summary
- CRH specialises in providing building materials solutions globally. Its historical financial results have shown robust top-line growth and margin expansion.
- Targeted and disciplined acquisitions, such as ADBRI and assets in Texas, are part of CRH's growth strategy to strengthen market positioning and market reach as well as generate cost savings.
- The reindustrialisation and onshoring trend, along with government infrastructure spending, are expected to further bolster CRH's growth outlook and financial performance.
Synopsis
CRH plc ( CRH ) specialises in providing building materials solutions globally. CRH’s historical financial results have shown strong and consistent revenue growth. In addition to that, both its adjusted EBITDA margin and income from continuing operations margins expanded annually. Looking ahead, the Infrastructure Investment and Jobs Act is expected to bolster CRH’s growth outlook as about $110 billion is allocated to roads and bridges. In addition, critical utility infrastructure such as water, energy, and technology are receiving funding as well....
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CRH plc: Strategic Acquisitions, Government Funding, And Onshoring Trend