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CRH plc Issues Full Year Results for the Year Ended 31 December 2022

General News
CRH Dublin logo, lumber Secondary Manufacturer, Stocking Wholesaler/Distributor

Key Highlights

  • Strong performance underpinned by our integrated solutions strategy
  • Further growth in sales, EBITDA, margin & EPS despite significant cost inflation
  • Efficient & disciplined approach to capital allocation
  • FY dividend +5%, significantly increasing share buyback to $3bn over next 12 months
  • $3.3bn invested in solutions-focused acquisitions; strong pipeline of opportunities
  • Strong & flexible balance sheet; significant optionality for future value creation
  • Raising sustainability ambitions; updated 1.5°C decarbonisation targets
  • New organisational structure; aligning with integrated solutions strategy
  • Recommending transition to US primary listing in 2023
Summary Financials12022Change
Sales$32.7bn+12%
EBITDA$5.6bn+13%
EBITDA Margin17.2%+10bps
EPS$3.50+14%

Albert Manifold, Chief Executive, said today:

“Our 2022 performance reflects the outstanding commitment of our people, the underlying strength and resilience of our business and the continued delivery of our integrated, solutions-focused strategy. Despite significant cost pressures throughout the year, we delivered further improvements in profits, margins and returns. Our strong cash generation together with our relentless focus on disciplined capital allocation has also delivered the strongest balance sheet in our history, providing us with significant opportunities for further growth and value creation going forward.”

Announced Thursday, 2 March 2023

Current and prior year trading information is presented on a continuing operations basis, excluding the results of the Building Envelope business which was divested in April 2022 and has been classified within discontinued operations.

For the complete results, click here.

About CRH plc

CRH (LSE: CRH, ISE: CRG, NYSE: CRH) is the leading building materials business in the world, employing c.79,000 people at c.3,100 operating locations in 30 countries. It is the largest building materials business in North America, a leading heavyside materials business in Europe and has positions in both Asia and South America. CRH manufactures and supplies a range of integrated building materials, products and innovative solutions which can be found throughout the built environment, from major public infrastructure projects to commercial buildings and residential structures. A Fortune 500 company, CRH is a constituent member of the FTSE 100 Index, the EURO STOXX 50 Index, the ISEQ 20 and the Dow Jones Sustainability Index (DJSI) Europe. CRH’s American Depositary Shares are listed on the NYSE. For more information visit www.crh.com.

Contact:

Tom Holmes – Head of Investor Relations – 404 1000 (353 1 404 1000)

Source: CRH plc