Stock Take

CRH hits the ground running in US, with profit forecast bumped to $6.3bn

With its share price up 50 per cent this year and a market valuation of almost $43 billion, the concrete giant is the biggest company to ever come out of Ireland

Albert Manifold, the chief executive of CRH, and his wider senior management team are no doubt aware of the positive macro trends in the region. Picture: Maura Hickey.

It’s been only two months since CRH, the Irish-headquartered building materials giant, moved its primary stock market listing to the US yet the company couldn’t be off to a better start. Defying the general market uncertainty caused by inflation and higher interest rates, the “de-facto” American company continues to book strong growth in its core markets.

In a third quarter trading update issued last week, CRH raised its profit outlook for 2023 informing investors that ...