CRH plc, also known as CRH.L, announced a net income of $116 million for the first quarter of 2024, marking a significant turnaround from the $28 million loss in the same period the previous year. There was an increase in profit per share as well, with a gain of $0.16 against a loss of $0.05 in the previous year. The company's adjusted EBITDA rose by 15% to reach $445 million, and organic adjusted EBITDA was 12% ahead.
An increase in total revenues was also noted, which amounted to $6.53 billion, a slight rise from the previous year's revenue of $6.43 billion. The product revenues were $5.37 billion, increasing slightly from the $5.34 billion earned previously. The company posted a 1% growth in organic revenues.
In the wake of these results, the Group reaffirmed their previous financial guidance for 2024.
