Stryker shares tumble despite strong Q2 results and raised guidance
NEW YORK - CRH plc (NYSE:CRH) reported a first quarter loss on Monday but reaffirmed its full-year guidance, as the building materials company saw revenue growth offset by seasonal factors. The stock edged 0.76% higher in early trading.
The Dublin-based company posted a Q1 net loss of $98 million, or $0.15 per share, compared to net income of $114 million, or $0.16 per share, in the same period last year. The loss was wider than analysts’ expectations for a loss of $0.08 per share.
Revenue rose 3% to $6.8 billion, roughly in line with estimates of $6.81 billion. CRH said the increase was driven by contributions from acquisitions and strong commercial management, which more than offset the impact of divestitures and lower activity levels due to adverse weather in many regions.
"The strength of our first quarter performance reflects the benefits of our differentiated strategy, good commercial management and contributions from acquisitions," said CEO Jim Mintern.
Despite the Q1 loss, CRH reaffirmed its full-year 2025 guidance, expecting net income of $3.7 billion to $4.1 billion and adjusted EBITDA of $7.3 billion to $7.7 billion. The company forecasts earnings per share of $5.34 to $5.80 for the year.
CRH completed eight acquisitions for $0.6 billion in Q1 and continued its share buyback program, repurchasing $0.5 billion of shares year-to-date. The company also declared a quarterly dividend of $0.37 per share, up 6% year-over-year.
Looking ahead, CRH said it expects positive underlying demand across key markets in 2025, supported by public infrastructure investment and continued re-industrialization activity in non-residential segments.
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