CRH Public Ltd Co Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>CRH Public Ltd Co has filed its Q1 2024 10-Q report detailing financial performance and balance sheet items.</b>

AI Summary

CRH PUBLIC LTD CO (CRH) filed a Quarterly Report (10-Q) with the SEC on May 10, 2024. CRH Public Ltd Co filed a 10-Q report for the period ending March 31, 2024. The filing covers the first quarter of fiscal year 2024. Key financial statement information and balance sheet details are included. The report details common stock, preferred stock, and treasury stock. It also outlines retained earnings, additional paid-in capital, and accumulated other comprehensive income.

Why It Matters

For investors and stakeholders tracking CRH PUBLIC LTD CO, this filing contains several important signals. This 10-Q provides investors with the latest quarterly financial snapshot of CRH Public Ltd Co, crucial for understanding recent performance and financial health. The detailed breakdown of equity accounts, including common and preferred stock, offers insight into the company's capital structure and shareholder equity changes.

Risk Assessment

Risk Level: low — CRH PUBLIC LTD CO shows low risk based on this filing. The filing is a standard 10-Q, providing routine financial disclosures without immediate red flags.

Analyst Insight

Monitor CRH Public Ltd Co's subsequent filings for trends in revenue, net income, and debt levels to assess ongoing financial strategy.

Key Numbers

• 2024-03-31 — Period End Date (Conformed Period of Report)
• 2024-05-10 — Filing Date (Filed As Of Date)
• 2024 Q1 — Reporting Quarter (Filing Values)

Key Players & Entities

• CRH PUBLIC LTD CO (company) — Filer
• 2024-03-31 (date) — Conformed Period of Report
• 2024-05-10 (date) — Filed As Of Date
• 0000849395 (company) — Central Index Key
• 353 1 404 1000 (phone) — Business Phone

FAQ

Industry Context

CRH Public Ltd Co operates in the building materials industry. This filing provides a quarterly update on its financial standing.

Regulatory Implications

The filing is a standard 10-Q, adhering to SEC regulations for quarterly reporting by public companies.

What Investors Should Do

1. Review the full 10-Q for detailed financial statements and management discussion.
2. Compare Q1 2024 results with prior periods to identify performance trends.
3. Analyze the balance sheet for changes in assets, liabilities, and equity.

Year-Over-Year Comparison

This is the initial 10-Q filing for the fiscal year 2024, following the 2023 annual report.

Filing Documents

• crh-20240331.htm (10-Q) — 1278KB
• exhibit221-listofguarantor.htm (EX-22.1) — 2KB
• exhibit311-section302certi.htm (EX-31.1) — 10KB
• exhibit312-section302certi.htm (EX-31.2) — 10KB
• exhibit321-section906certi.htm (EX-32.1) — 7KB
• exhibit322-section906certi.htm (EX-32.2) — 7KB
• exhibit951-disclosureofmsh.htm (EX-95.1) — 3199KB
• crh-20240331_g1.jpg (GRAPHIC) — 53KB
• 0001628280-24-022452.txt (&nbsp;) — 11724KB
• crh-20240331.xsd (EX-101.SCH) — 53KB
• crh-20240331_cal.xml (EX-101.CAL) — 120KB
• crh-20240331_def.xml (EX-101.DEF) — 299KB
• crh-20240331_lab.xml (EX-101.LAB) — 703KB
• crh-20240331_pre.xml (EX-101.PRE) — 527KB
• crh-20240331_htm.xml (XML) — 1259KB

FINANCIAL INFORMATION

PART I FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements 2

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 23

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 33

Controls and Procedures

Item 4. Controls and Procedures 34

OTHER INFORMATION

PART II OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 35

Risk Factors

Item 1A. Risk Factors 35

Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities

Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities 35

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 35

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 35

Other Information

Item 5. Other Information 35

Exhibits

Item 6. Exhibits 36 S ignatur es 37 CERTAIN TERMS Except as otherwise specified or the context otherwise requires, references to years indicate our fiscal year ended December 31 of the respective year. References to the '2023 Form 10-K' are to our Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC on February 29, 2024 and amended on March 15, 2024. References to this 'Quarterly Report' are to our Quarterly Report on Form 10-Q for the three months ended March 31, 2024. All references to the 'Condensed Consolidated Financial Statements' are to Part I, Item 1 of this Quarterly Report. All references to the 'same period in 2023' refer to the three months ended March 31, 2023, unless otherwise indicated. References to the 'Ordinary Shares' refer to our ordinary shares of 0.32 each. CRH Form 10-Q 1

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements Condensed Consolidated Statements of Income (Unaudited) (in $ millions, except share and per share data) Three months ended March 31 2024 2023 Product revenues 5,368 5,338 Service revenues 1,165 1,089 Total revenues 6,533 6,427 Cost of product revenues ( 3,577 ) ( 3,744 ) Cost of service revenues ( 1,149 ) ( 1,064 ) Total cost of revenues ( 4,726 ) ( 4,808 ) Gross profit 1,807 1,619 Selling, general and administrative expenses ( 1,787 ) ( 1,622 ) Gain on disposal of long-lived assets 8 5 Operating income 28 2 Interest income 43 40 Interest expense ( 133 ) ( 81 ) Other nonoperating income, net 161 - Income (loss) from operations before income tax expense and income from equity method investments 99 ( 39 ) Income tax benefit 19 14 Loss from equity method investments ( 4 ) ( 6 ) Net income (loss) 114 ( 31 ) Net (income) attributable to redeemable noncontrolling interests ( 2 ) ( 2 ) Net loss attributable to noncontrolling interests 4 5 Net income (loss) attributable to CRH plc 116 ( 28 ) Earnings (loss) per share attributable to CRH plc Basic $ 0.16 ($ 0.05 ) Diluted $ 0.16 ($ 0.05 ) Weighted average common shares outstanding Basic 687.8 742.9 Diluted 693.4 742.9 The accompanying notes form an integral part of the Condensed Consolidated Financial Statements. CRH Form 10-Q 2 Condensed Consolidated Statements of Comprehensive Income (Unaudited) (in $ millions) Three months ended March 31 2024 2023 Net income (loss) 114 ( 31 ) Other comprehensive income (loss), net of tax: Currency translation adjustment ( 148 ) 98 Net change in fair value of effective portion of cash flow hedges, net of tax of $ 6 million and $( 6 ) million for the three months ended March 31, 2024 and March 31, 2023, respectively ( 37 ) 31 Actuarial losses and prior service costs for pension and other postretirement plans, net of tax of $ 1 million and $ nil million for the three months ended March 31, 2024 and March 31, 2

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View this 10-Q filing on SEC EDGAR