CRH plc (CRH) has released an update.
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CRH plc has observed a mixed financial performance in Q2 2024, with total revenues slightly down by 1% to $9.7 billion, while net income rose by 8% to $1.3 billion, signaling strong operating performance and margin expansion. Despite unfavorable weather affecting activity levels, the company’s strategy and focus on cost management have led to a 12% increase in Adjusted EBITDA to $2.3 billion. CRH also continued its growth strategy with significant acquisitions, including a major stake in Australia’s Adbri Ltd, and is raising its full-year guidance based on the robust financial results.
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