7th Aug 2025 01:23
(Alliance News) - CRH PLC on Wednesday raised its dividend and reported modest profit growth in the second quarter of 2025, supported by higher revenue from Products sales.
The Dublin-based building materials company said attributable net income increased 1.7% to USD1.31 billion in the three months ended June 30, up from USD1.30 billion a year earlier.
Diluted earnings per share rose 3.2% to USD1.94 from USD1.88.
Total revenue grew 5.7% to USD10.21 billion from USD9.65 billion, as the cost of revenue increased 3.4% to USD6.18 billion from USD5.98 billion. Specifically, Products revenue rose 8.4% to USD7.92 billion, while Service revenue fell 2.5% to USD2.29 billion.
CRH lifted its dividend for the second quarter by 5.7% to USD0.37 per share from USD0.35 previously.
Chief Executive Officer Jim Mintern said: "Our strong second quarter performance was driven by favorable underlying demand, disciplined commercial management and further contributions from acquisitions. CRH's proven strategy continued to drive higher sales, profits and adjusted Ebitda margins, while our robust balance sheet and financial capacity enabled us to allocate approximately USD3 billion to growth investments and capital returns year-to-date.
"We completed 19 acquisitions year-to-date and continue to see an active pipeline of opportunities to further strengthen our market-leading positions in attractive growth markets."
CRH grew its adjusted earnings before interest, tax, depreciation and amortisation margin to 24.1% in the quarter from 23.4% in the corresponding period last year.
Meanwhile, selling, general and administrative costs increased 8.8% to USD2.12 billion from USD1.95 billion.
Looking ahead, the company expects to report full year net income within the range of USD3.8 billion to USD3.9 billion, up from USD3.5 billion in 2024.
"We continue to expect favorable underlying demand across our key end-use markets in 2025, underpinned by significant public investment in critical infrastructure and continued re-industrialization activity in key non-residential segments. Within the residential sector, the new-build segment is expected to remain subdued, while repair and remodel activity remains resilient," CRH said.
CRH shares closed 0.4% lower at USD97.60 in New York on Wednesday before rising 3.5% after hours.
By Elijah Dale, Alliance News senior reporter Asia-Pacific
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