CRH Reports FY23 Revenue of $34.9B, up by 7% YoY, Adj EPS of $4.65, up by 30% YoY
Portfolio Pulse from Benzinga Newsdesk
CRH reported a strong FY23 performance with a 7% increase in revenue to $34.9B and a 30% increase in adjusted EPS to $4.65. The company benefited from good demand, positive pricing, and acquisitions, leading to a 14% increase in income from continuing operations to $3.1B and a 15% increase in Adjusted EBITDA to $6.2B. Margins also improved, with income from continuing operations margin at 8.8% and Adjusted EBITDA margin at 17.7%.
February 29, 2024 | 7:16 am
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POSITIVE IMPACT
CRH reported a significant increase in FY23 revenue and adjusted EPS, with improvements in income from continuing operations and Adjusted EBITDA. Margins also saw positive growth.
The reported increases in revenue, adjusted EPS, and margins indicate a strong financial performance for CRH in FY23. This is likely to positively influence investor sentiment and the stock price in the short term, as the results surpass previous year's figures and show growth in key financial metrics.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100