CRH has praised the impact of its acquisitions and underlying demand in key markets for its second-quarter results.
According to the company, it has completed 19 acquisitions in the year-to-date, headlined by the $2.1bn acquisition of Eco Material Technologies. In its note to investors, it said it has a strong pipeline for mergers and acquisitions.
The company recorded higher revenues, increased adjusted EBITDA and adjusted EBITDA margin according to its results.
“Our strong second quarter performance was driven by favourable underlying demand, disciplined commercial management and further contributions from acquisitions,” CRH chief executive officer Jim Mintern said.
“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.
“We completed 19 acquisitions year-to-date and continue to see an active pipeline of opportunities to further strengthen our market-leading positions in attractive growth markets. Underlying demand in our key end-use markets remains positive and we are pleased to raise our guidance for 2025.”
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