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CRH PLC (CRH.L)

CRH.L on London Stock Exchange

2,721.00GBp
22 Sep 2017
Change (% chg)

2.00 (+0.07%)
Prev Close
2,719.00
Open
2,711.00
Day's High
2,740.00
Day's Low
2,699.00
Volume
2,113,803
Avg. Vol
1,994,185
52-wk High
3,342.00
52-wk Low
2,517.00

Latest Key Developments (Source: Significant Developments)

Ash Grove Cement announces Sale to CRH
Wednesday, 20 Sep 2017 10:39pm EDT 

Sept 20 (Reuters) - Ash Grove Cement Co :Ash Grove Cement announces sale to CRH.Transaction has been unanimously approved by board of directors of Ash Grove and is currently expected to close in late 2017 or early 2018.J.P. Morgan Securities LLC is serving as financial advisor to Ash Grove & Skadden, Arps, meagher & Flom LLP is serving as legal advisor.  Full Article

CRH to buy Ash Grove Cement for $3.5 bln
Wednesday, 20 Sep 2017 10:27pm EDT 

Sept 20 (Reuters) - CRH Plc :CRH agrees US$3.5 bln acquisition of Ash Grove Cement.Says transaction is expected to close around year end 2017.Deal will be financed through existing financial resources.  Full Article

CRH not anticipating any more large divestments over medium term
Thursday, 24 Aug 2017 04:27am EDT 

Aug 24 (Reuters) - CRH Plc :CRH CEO says UK market looks fairly stable for rest of year and into 2018 after Brexit volatility.CRH CFO says can add 2.2 billion euro from U.S. disposal to 2-3 billion euros already available for acquisitions in next 18 months.CRH CFO says priority is to reinvest capital in acquisitions rather than share buyback or special dividends.CRH CEO says does not anticipate any more large divestments in the short to medium term.  Full Article

CRH shares up 4.5 pct after $2.6 bln sale of U.S. distribution arm
Thursday, 24 Aug 2017 02:45am EDT 

Aug 24 (Reuters) - Crh Plc :Shares in CRH rise 4.5 percent after it sells u.s. Distribution business to beacon roofing for $2.6 billion.  Full Article

Beacon Roofing Supply to buy Allied Building Products from CRH for $2.63 bln
Thursday, 24 Aug 2017 02:13am EDT 

Aug 24 (Reuters) - Beacon Roofing Supply Inc -:BEACON ROOFING SUPPLY TO ACQUIRE ALLIED BUILDING PRODUCTS FROM CRH FOR $2.625 BILLION IN CASH.DEAL EXPECTED TO BE IMMEDIATELY ACCRETIVE TO ADJUSTED EPS AND ACCRETIVE TO GAAP EPS IN YEAR TWO.COMBINED COMPANY IS EXPECTED TO REALIZE $110 MILLION IN ANNUAL RUN-RATE SYNERGIES WITHIN TWO YEARS OF CLOSING.EXPECTS TO FINANCE ACQUISITION WITH APPROXIMATELY $2.2 BILLION OF DEBT FINANCING THROUGH AN UPSIZED ABL REVOLVING CREDIT FACILITY.CITI IS SERVING AS A FINANCIAL ADVISOR TO BEACON; J.P. MORGAN LIMITED ACTED AS A FINANCIAL ADVISOR TO CRH PLC.  Full Article

CRH H1 earnings up 5 pct y/y, ramps up acquisition spend
Thursday, 24 Aug 2017 02:10am EDT 

Aug 24 (Reuters) - CRH Plc :H1 pretax profit 517 million euros versus 407 million eur year ago.Interim dividend up 2 percent to 0.192 eurper share.H1 EBITDA of 1.175 billion euros, 5 percent ahead of 2016.H1 like-for-like sales ahead 1 percent; +3 percent in Europe, +1 percent in Americas, -8 percent in Asia.Significant M&A activity; allocating and reallocating capital at attractive multiples.We expect a continuation of first half momentum experienced in Europe and Americas in H2.Anticipate another year of progress for the group.Group spent a total of 632 million euros on 13 acquisitions in H1.On divestment front, group realised business and asset disposal proceeds of 145 million euros..Post June 30, group reached agreement on two further transaction.Expect EBITDA will decline further in philippines in h2.  Full Article

CRH announces any and all cash tender offer by Crh America
Tuesday, 2 May 2017 08:58am EDT 

May 2 (Reuters) - Crh Plc :CRH announces any and all cash tender offer by Crh America.Cash tender offer by its wholly owned unit, Crh America with respect to any and all of its outstanding 8.125 pct notes due 2018 issued by Crh America.  Full Article

CRH sees H1 EBITDA growth after "satisfactory" start to year
Wednesday, 26 Apr 2017 02:00am EDT 

April 26 (Reuters) - CRH Plc , CRH.L:A satisfactory start to 2017 with Q1 sales up 4 percent compared with a strong Q1 of 2016.Group EBITDA for seasonally less significant first half of year is expected to be ahead of last year.Based on current momentum, further progress in second half of year is anticipated.In Europe, like-for-like sales growth of 6 percent was supported by stabilising trends in certain key markets.Our expectation is that challenging market conditions in Philippines will continue in H2.  Full Article

CRH FY earnings top 3.1 bln euros, cuts net debt sharply
Wednesday, 1 Mar 2017 02:13am EST 

Crh Plc : FY pretax profit 1.74 billion eur versus 1.033 billion eur year ago . FY sales rose 4 percent to 27.1 billion eur . FY EBITDA up 41 percent to 3.1 billion euros, ahead of November guidance; proforma ebitda up 10 percent . EBITDA margin 11.5 percent up from 9.4 percent in 2015 . Year-end net debt reduced by 1.3 billion euros to 5.3 billion euros; net debt/EBITDA is 1.7x . Full year dividend per share increased by 4 percent to 65.0c, covered 2.3 times . CEO says well positioned to capitalise on ongoing economic recovery and we see continued growth for group in 2017 . Sees continued momentum in US construction, expect our Americas business to advance further in 2017 . Anticipate that most European countries will continue to experience modest impact of early-stage economic recovery . Continue to develop CRH through acquisitions, having completed eight transactions already this year . 2017 year-to-date acquisition and investment spend c.500 million euros, disposals c.400 million euros Further company coverage: [CRH.I] (Reporting By Padraic Halpin) ((Padraic.Halpin@thomsonreuters.com;)).  Full Article

INTERVIEW-CRH sees any Trump infrastructure impact over medium term
Wednesday, 1 Mar 2017 02:00am EST 

CRH Plc : CRH CEO says with debt metrics restored, has significant firepower of 2-3 billion euros per year to do deals . CRH CEO says very satisfied with trading at the start of year both in Americas and Europe . CRH CEO sees any new infrastructure spending by U.S. President Trump evolving more in medium than short term . CRH CEO says slow-paced, long recovery starting in europe, could be hit more by uncertainty, than political risk . CRH CEO says we have seen some input cost inflation, starting to see early signs of pricing recovery in Europe . CRH CEO says order book pretty good in UK following strong finish to 2016, suspect any Brexit impact will be medium term Further company coverage: [CRH.I] (Reporting By Padraic Halpin) ((Padraic.Halpin@thomsonreuters.com;)).  Full Article

UPDATE 2-CRH reinforces U.S. grip with $3.5 bln Ash Grove Cement deal

* CRH shares rise sharply as analysts see big synergies (Adds share price, quotes, details)