CRH Public Ltd Co Files Q3 2024 10-Q Report

TL;DR

CRH Q3 2024 10-Q filed. Financials updated.

AI Summary

CRH Public Ltd Co filed its 10-Q for the period ending September 30, 2024. The filing covers the third quarter and year-to-date performance. Key financial data and operational details for CRH Public Ltd Co are presented in this report.

Why It Matters

This filing provides investors with an update on CRH's financial health and operational performance for the third quarter of 2024, crucial for investment decisions.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing standard financial disclosures.

Key Players & Entities

• CRH PUBLIC LTD CO (company) — Filer
• 20240930 (date) — Period of Report
• 20241107 (date) — Filing Date
• 0000849395 (company) — Central Index Key

FAQ

Filing Documents

• crh-20240930.htm (10-Q) — 1748KB
• exhibit101letteragreementb.htm (EX-10.1) — 14KB
• exhibit221-listofguarantor.htm (EX-22.1) — 10KB
• exhibit311-section302certi.htm (EX-31.1) — 39KB
• exhibit312-section302certi.htm (EX-31.2) — 39KB
• exhibit321-section906certi.htm (EX-32.1) — 16KB
• exhibit322-section906certi.htm (EX-32.2) — 16KB
• exhibit951-disclosureofmsh.htm (EX-95.1) — 7996KB
• crh-20240930_g1.jpg (GRAPHIC) — 53KB
• 0001628280-24-045944.txt ( ) — 18005KB
• crh-20240930.xsd (EX-101.SCH) — 55KB
• crh-20240930_cal.xml (EX-101.CAL) — 121KB
• crh-20240930_def.xml (EX-101.DEF) — 280KB
• crh-20240930_lab.xml (EX-101.LAB) — 727KB
• crh-20240930_pre.xml (EX-101.PRE) — 528KB
• crh-20240930_htm.xml (XML) — 1623KB

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 24

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 38

Controls and Procedures

Item 4. Controls and Procedures 39

OTHER INFORMATION

PART II OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 40

Risk Factors

Item 1A. Risk Factors 40

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 40

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 40

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 40

Other Information

Item 5. Other Information 40

Exhibits

Item 6. Exhibits 41

Signatures

Signatures 42 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 quarterly period ended September 30, 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 either the three months ended September 30, 2023 or the nine months ended September 30, 2023, as applicable, unless otherwise indicated. References to the 'Ordinary Shares' and 'Common 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 Nine months ended September 30 September 30 2024 2023 2024 2023 Product revenues 7,482 7,157 20,158 19,926 Service revenues 3,033 2,971 6,544 6,338 Total revenues 10,515 10,128 26,702 26,264 Cost of product revenues ( 3,674 ) ( 3,609 ) ( 11,010 ) ( 11,285 ) Cost of service revenues ( 2,782 ) ( 2,756 ) ( 6,151 ) ( 5,967 ) Total cost of revenues ( 6,456 ) ( 6,365 ) ( 17,161 ) ( 17,252 ) Gross profit 4,059 3,763 9,541 9,012 Selling, general and administrative expenses ( 2,184 ) ( 1,990 ) ( 5,919 ) ( 5,647 ) Gain on disposal of long-lived assets 89 15 199 38 Operating income 1,964 1,788 3,821 3,403 Interest income 33 62 112 138 Interest expense ( 164 ) ( 131 ) ( 452 ) ( 285 ) Other nonoperating income, net 62 1 246 3 Income from operations before income tax expense and income from equity method investments 1,895 1,720 3,727 3,259 Income tax expense ( 531 ) ( 416 ) ( 942 ) ( 781 ) Income from equity method investments 25 14 27 21 Net income 1,389 1,318 2,812 2,499 Net (income) attributable to redeemable noncontrolling interests ( 9 ) ( 9 ) ( 21 ) ( 21 ) Net (income) attributable to noncontrolling interests ( 4 ) ( 3 ) ( 2 ) ( 1 ) Net income attributable to CRH plc 1,376 1,306 2,789 2,477 Earnings per share attributable to CRH plc Basic $ 1.99 $ 1.81 $ 4.03 $ 3.36 Diluted $ 1.97 $ 1.80 $ 4.00 $ 3.34 Weighted average common shares outstanding Basic 681.6 718.2 685.0 731.8 Diluted 685.5 722.1 690.0 736.6 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 Nine months ended September 30 September 30 2024 2023 2024 2023 Net income 1,389 1,318 2,812 2,499 Other comprehensive income (loss), net of tax: Currency tran

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