Irish building material group’s revenue rose 4% to $10.5bn year on year in quarter
Irish building materials group CRH put in a “robust” performance in the third quarter of the year, shrugging off the impact of bad weather on its business.
Revenues in its Americas materials solutions business rose 4 per cent year on year to $5.3 billion as strong pricing across its lines contributed and acquisitions had an impact. That offset the effect weather disruptions had on other areas. Adjusted earnings before interest, tax, depreciation and amortisation rose 16 per cent to $1.5 billion on improved pricing and operational efficiencies. The company also gained from selling off land assets.
CRH has combined its Europe materials solutions and Europe building solutions divisions into a new International Solutions unit, a change that will be reflected in the final quarterly results of the year.
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