DUBLIN (Reuters) – CRH forecast core profit growth of 6% to 12% in 2025 after the largest building materials producer in the United States and Europe posted 12% growth for 2024 on Wednesday, in line with its guidance.
The Irish-based, U.S.-listed firm, which makes about 75% of its profit in the U.S., expects 2025 full-year adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of $7.3 billion to $7.7 billion, up from $6.9 billion in 2024.
CRH’s latest record earnings fell within their previously forecasted range of $6.87 billion to $6.97 billion from November. Full-year revenues at the industrial giant rose 2% to $35.6 billion, while its EBITDA margin climbed 180 basis points to 19.5%.
It said it expects continued momentum in infrastructure and non-residential activity in the U.S., where it is the biggest producer of asphalt for highway construction, and similar trends in its European-led international division.
(Reporting by Padraic Halpin; Editing by Lisa Shumaker)
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