Crh plc announces q3 earnings update

Dublin, ireland / accesswire / november 21, 2023 / crh plc key highlights strong performance; further growth in sales, ebitda & margin positive underlying demand across key end-use markets & further commercial progress nine months ended 30 september 2023 change1 sales $26.3bn +8% ebitda $4.8bn +14% ebitda margin 18.1% +100bps $2.1bn acquisition of materials assets in high-growth texas market $0.7bn on 16 bolt-on acquisitions year-to-date; robust pipeline of opportunities ongoing share buyback program to return ~$3bn to shareholders in 2023 increasing dps to $1.33 (+5%) for fy23; transitioning to quarterly dividends in 2024 strong & flexible balance sheet; net debt/ebitda expected to be ~1.1x at year-end raising guidance; expect full-year ebitda to be c.$6.3bn (2022: $5.6bn) differentiated strategy delivering 10th consecutive year of margin expansion albert manifold, chief executive, said today: "i am pleased to report another strong performance for our business.
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