The Latest Breaking News from CRH

Despite the supply shortages and higher transportation costs being caused by the Russia-Ukraine war, rising demand with the reopening of the global economy should drive the building materials industry’s growth. So, we think it could be wise to bet on oversold building materials stocks CRH (CRH) and CEMEX (CX), which…

CRH PLC (NYSE:CRH) reported FY21 sales growth of 12.3% year-over-year to $30.98 billion, +8% on an organic basis. Sales by segments: Americas Materials $12.41 billion (+10.1% Y/Y), Europe Materials $10.58 billion (+15.7% Y/Y), and Building Products $7.99 billion (+11.4% Y/Y). The gross margin expanded by 64 bps to 33.9%. Operating profit increased by 58.4%…

Due to rising inflationary pressure and supply chain constraints, the basic materials sector has experienced significant headwinds. However, an improving global economy, rapid urbanization, and heavy demand across industries will likely accelerate the sector's performance in the near term. Therefore, we think it could be wise to buy the dip…

Despite current market disruption that is driven by a resurgence of COVID-19, rising inflation, impending interest rate increases, and supply chain challenges, the near-term outlook for the infrastructure industry looks bright thanks to rising construction and other activities in a reopening economy. Thus, we think it could be wise to…