29.02.2024 09:44:12 - dpa-AFX: CRH FY Profit Down; Initiates $300 Mln Quarterly Share Buyback Tranche

DUBLIN (dpa-AFX) - CRH plc. (CRH.L,CRH), a provider of building materials
solutions, reported that its net income attributable to the company for fiscal
year 2023 declined to $3.18 billion or $4.33 pence per share from $3.86 billion
or $5.11 pence per share in the previous year.

Earnings per share pre-impairment from continuing operations was 30% higher than
2022 at $4.65.

Analysts polled by Thomson Reuters expected the company to report earnings of
$4.49 per share for fiscal year 2023. Analysts' estimates typically exclude
special items.

Total revenues for the year were $34.95 billion up from $32.72 billion in the
prior year. Analysts expected revenue of $35.14 billion fiscal year 2023.

The company expects fiscal year 2024 net income to be in the range of $3.55
billion to $3.80 billion.

The company has declared a quarterly dividend of $0.35 per share, representing
an annualized increase of 5% on the prior year. The dividend will be paid wholly
in cash on April 17, 2024 to shareholders registered at the close of business on
March 15, 2024. The ex-dividend date will be March 14, 2024.

As part of its ongoing share buyback program, CRH repurchased 54.9 million
ordinary shares in 2023 for a total consideration of $3.0 billion . On December
21, 2023, the Company announced a new tranche of $300 million which completed on
February 28, 2024.

CRH said it is extending the buyback program with an additional $300 million
tranche to be completed no later than May 9, 2024.

For more earnings news, earnings calendar, and earnings for stocks, visit
rttnews.com



Copyright(c) 2024 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
CRH PLC EO-,32 864684 Frankfurt 75,340 10.05.24 08:04:18 +1,180 +1,59% 77,320 77,700 74,620 74,160

© 2000-2024 DZ BANK AG. Bitte beachten Sie die Nutzungsbedingungen | Impressum
2024 Infront Financial Technology GmbH