On this page of StockholderLetter.com we present the latest annual shareholder letter from CRH PUBLIC LTD CO — ticker symbol CRH. Reading current and past CRH letters to shareholders can bring important insights into the investment thesis.

 •  2/27/2025 Letter Continued (Full PDF)
 •  More "Construction Materials & Machinery" Category Stockholder Letters
 •  CRH Benford's Law Stock Score = 97

CRH Shareholder/Stockholder Letter Transcript:

2024 Annual Report

Building our world.
Shaping the future.
CRH helps solve complex challenges and critical customer
needs to make a better tomorrow.
As a leading provider of materials that build, connect and
improve our world, we make construction simpler, safer and
more sustainable.
Built over five decades, our unrivaled scale and connected
portfolio make CRH the essential partner for transportation
and critical infrastructure projects, complex non-residential
construction and outdoor living spaces.
Our customer-connected approach is helping to reimagine the
built environment, making homes, buildings and infrastructure
that will stand the test of time for generations to come.

2024 Performance Highlights
Strong financial performance
underpinned by our differentiated
solutions strategy
Revenues
Adjusted EBITDA*
Adjusted EBITDA Margin*1
$35.6bn
$6.9bn
19.5%
+2% p
+12% p
+180bps p
$6.9bn
$35.6bn
19.5%
$34.9bn
$6.2bn
$32.7bn
2022
16.5%
$5.4bn
2023
2024
Net income
$3.5bn
+15% p
2022
2023
2024
2022
2023
Basic EPS
pre-impairment*1
Return on Net Assets
(RONA)*1
$5.48
15.5%
+18% p
+20bps p
$3.5bn
$3.1bn
2023
15.3%
$4.65
13.3%
$3.58
2024
2022
2024
15.5%
$5.48
$3.9bn
2022
17.7%
2023
2024
2022
2023
2024
* Represents a non-GAAP measure. For a reconciliation to the most comparable GAAP measure, see 'Management's Discussion and Analysis of Financial Condition and Results of
Operations - Non-GAAP Reconciliation and Supplementary Information' in the Company's Form 10-K included within this Annual Report on pages 40 to 42.
   Net income margin of 9.9% (2023: 8.8%); Basic EPS of $5.06 (2023: $4.36); and return on net segment assets of 15.3% (2023: 14.4%) are the GAAP figures most comparable to
Adjusted EBITDA margin*; Basic EPS pre-impairment*; and RONA*, respectively.

Business Overview
CRH reimagines and reinvents new ways to build, connect and improve our world. We provide the solutions that solve complex construction and building
materials-related challenges in major markets in North America and Europe. Our solutions play an important role in shaping a more sustainable built
environment and through the use of technology and innovation, CRH is helping to reinvent the way our world is built.1,2
Revenues by Division
Revenues by End-Market2
35%
35%
35%
65%
30%
Americas
Infrastructure
International
Non-Residential
Residential
Leadership Positions3
#1 Aggregates - North America
#1 Asphalt - North America
#1 Concrete Products - North America and Europe
#3 Readymixed Concrete - North America
#3 Cement - North America and Europe
Customer-Connected Solutions Strategy
Leading in Innovation and Technology
CRH has consistently delivered higher revenues, cash and returns by
applying an approach that is rooted in a deep understanding of the evolving
needs of our customers. We recognize that the world is becoming more
complex and partners that can add value by reducing that complexity will
lead the market.
Innovation and technology are changing the way we construct. By investing
in innovation and technology, as well as partnering with world-class
companies and institutions, CRH is at the forefront of the development of
more sustainable and better performing materials. This is helping us
respond to the evolving needs and challenges of our customers. From our
internal systems and processes, people and capabilities, assets and
operations, right through to how we interact with our customers, innovation
and technology are helping CRH to reach its full potential.
Through our differentiated solutions strategy and unrivaled scale, CRH
works with customers across the entire construction value chain, uniquely
integrating materials, products and services to better serve our customers   
needs and drive repeat business.
This approach allows us to fully address our customers' unique needs and
challenges while solving for factors including building regulations, labor
challenges, time constraints, safety and sustainability.
We believe our customer-connected approach is making construction
simpler, safer and more sustainable.
World-Class People and Culture
Our ability to deliver for our customers and continuously deliver
industry-leading financial performance is driven by the talent and hard work
of our 79,800 employees. The next phase of growth for our business will
require new and diverse skill sets. CRH empowers its people and
encourages an entrepreneurial mindset. This helps to attract the best and
brightest talent to support CRH in reinventing the way our world is built.
2
End-market exposures are approximate and derived from management estimates.
   Market leadership positions are based on annualized sales volumes. This includes volumes which are used internally (e.g. aggregates supplied internally for cement production). 1
2
Annual Report 2024 iii

Essential Materials
Road Solutions
CRH is a leading producer of aggregates and cement, backed by a
significant reserve base across an extensive network of quarries. These
materials are an essential element of almost every construction project.
They are used in a variety of value-added construction products within
our connected portfolio including concrete, concrete products and
asphalt.
CRH is the largest road builder in North America working with state
and federal transport authorities to design, build, upgrade and maintain
the vast road infrastructure networks that connect the communities in
the markets we operate in.
CRH is investing in innovation and new technologies including recycling
to increase efficiency and reduce the carbon footprint of essential
materials in line with evolving customer and societal demand.
We build and repair surface transportation infrastructure (highways,
streets, bridges and tunnels) by applying our unique capability to adapt
materials, products and services to offer bespoke sustainable solutions
that ensure higher quality and better value for the customer and end-user.
A Connected Portfolio - Delivering Consistent Outperformance
Building & Infrastructure Solutions
Outdoor Living Solutions
We work with large critical infrastructure owners to provide solutions to
collect, connect and protect the delivery of vital infrastructure including
municipal water systems, data centers and energy networks.
CRH is a leader in solutions which transform outdoor environments into
dynamic living spaces so that communities, businesses and
homeowners can    Live Well Outside   .
Customers work with CRH due to our ability to provide highly specified
and innovative solutions that address the complexity involved in
delivering critical infrastructure. Our value-added approach includes
design, specification, manufacturing, installation and maintenance.
We provide customers with a full service offering, from materials and
products to digital design services and logistics.
Our connected portfolio of solutions incorporates hardscapes,
masonry, fencing, railing, lawn and garden, pool finishes and
composite decking.
Annual Report 2024 iv



 2/27/2025 Letter Continued (Full PDF)