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CRH provides broad insights on first-half 2020

By |  August 20, 2020

Logo: CRH

CRH offered a brief public summary of its global performance for the first six months of the year, sharing that EBITDA (earnings before interest, tax, depreciation and amortization) was up while sales revenue was down on a like-for-like basis.

According to CRH, its first-half EBITDA was up 2 percent to $1.6 billion while sales revenue slipped 3 percent to $12.2 billion.

CRH expects third-quarter EBITDA to be in line with the prior year, but the company says it is operating with limited visibility on the fourth quarter and into 2021.

“Our first-half performance is testament to the hard work and dedication of all our people during a very challenging and uncertain period,” says Albert Manifold, chief executive at CRH. “As ever, health and safety is our number one priority and our primary focus is to provide a safe working environment for all of our employees.

“As a group we took swift and comprehensive action in response to the COVID-19 crisis, and our ability to flex our cost base and deliver improved profitability, margins and cash generation in a rapidly evolving environment demonstrates the strength and resilience of our business,” Manifold adds. “The outlook for the rest of the year and into 2021 remains uncertain and is dependent on an improving health situation across our markets.”

CRH’s Americas Materials business is vertically integrated across 46 states, manufacturing and supplying aggregate, asphalt, cement, ready-mixed concrete, paving and construction services.

For additional insights on how the industry’s publicly traded aggregate producers fared in the first half and second quarter of 2020, click here.

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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