Aggregate pricing, volume gains propel CRH in first quarter

By |  May 15, 2024
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Price increases and elevated volumes in the first quarter drove revenue upward in CRH’s Americas Materials Solutions business.

According to CRH, total first-quarter revenues in its Americas Materials Solutions business were 16 percent ahead of the first quarter of 2023. Aggregate pricing and volumes were each up 8 percent in the quarter.

“We are pleased to report a good first quarter performance in what is the seasonally least significant period for our business,” says Albert Manifold, chief executive at CRH. “That performance was supported by positive pricing momentum, early-season project activity, favorable weather in certain regions and the contribution from acquisitions.”

Globally, CRH completed eight acquisitions in the first quarter for a total of $2.2 billion. The largest acquisition was in Americas Materials Solutions, where CRH completed a $2.1 billion deal involving cement and ready-mixed concrete assets and operations in Texas.

Related: CRH completes deals for BoDean, Northgate

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About the Author:

Kevin Yanik is editor-in-chief of Pit & Quarry. He can be reached at 216-706-3724 or kyanik@northcoastmedia.net.

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