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CRH offers reflection on 2021 performance

By |  March 3, 2022

Logo: CRH

CRH shared its results from last year, noting that 2021 was another year of growth with positive underlying momentum in North America.

CRH Americas Materials benefited from increased construction activity in 2021 due to strong residential demand in North America, the company says. Total CRH Americas Materials sales increased by 10 percent last year, with like-for-like sales 6 percent ahead due to positive volume growth and pricing progression.

Additionally, the company says CRH Americas Materials experienced solid volumes, pricing progression and good operating performance that drove total and like-for-like EBITDA (earnings before interest, tax, depreciation and amortization) up 8 percent and 7 percent, respectively. Those offset the impacts of higher input costs and inclement weather.

“Our 2021 performance reflects the outstanding commitment and resilience of our people, as well as the benefits of our integrated, customer-focused business strategy,” says Albert Manifold, chief executive of CRH. “Despite an inflationary input cost environment, we expanded our margins and delivered good growth in profits, returns and cash generation. This further underpins our strong and flexible balance sheet, providing us with significant opportunities for future growth and value creation.

“While the demand backdrop remains favorable across our markets, there are a number of challenges and uncertainties which we must continue to manage carefully as we look to deliver further value for our shareholders in the year ahead,” he adds.

Featured photo: P&Q Staff

Kevin Yanik

About the Author:

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

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