- CRH continues to hold its forecast for the fiscal year, anticipating adjusted Ebitda between $6.55 billion and $6.85 billion.
- The company has announced a new quarterly dividend of $0.35, which will be payable on June 26.
- For the fiscal year, the projected net income ranges from $3.55 billion to $3.80 billion.
- The reported net income for the first quarter was $114 million, with a total revenue of $6.5 billion.
- During the same quarter, the adjusted EBITDA was $445 million with an margin at 6.8%.
- A new quarterly share buyback tranche amounting to $0.3 billion has been initiated.
- Significant infrastructure activity in North America is expected to benefit the operations.
- In Europe, good underlying demand is foreseen in infrastructure and key non-residential markets.
- It is anticipated that residential construction, especially new-build activity, will remain subdued across markets in the near-term.
- There has been an analysis of 19 buys, 5 holds and 2 sells in the company’s portfolio.
A look at CRH Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Smartkarma’s Smart Scores paint a promising long-term outlook for CRH Public Limited Company. With a Momentum score of 5, the company is showing strong positive price trends that indicate a potential for continued growth. The Growth score of 4 further reinforces this optimism, suggesting that CRH has solid potential for expansion and development in the future. While the Value, Dividend, and Resilience scores are not as high, they all sit at a respectable level of 3, indicating a stable foundation and reasonable valuation for the company.
CRH, a provider of building materials for various construction projects worldwide, seems well-positioned to capitalize on its strong momentum and growth potential. Its diverse range of architectural, infrastructure, and construction products positions it well to cater to a wide array of infrastructure, housing, and commercial projects globally. With a balanced mix of scores across different factors, CRH appears to have a solid footing for long-term success in the building materials industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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