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
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 ...
