A look inside Forest Lawn: Buffalo landmark, archive of history and active cemetery
We are a national landmark, a level one arboretum, a destination for visitors from near and far, a spectacular museum within a park, and we operate upstate New York's busiest crematory. Forest Lawn includes 13 additional cemeteries within our not-for-profit organization, accountable to our lot holders, our local board of trustees and our regulator, the New York State Division of Cemeteries. Every day is different within our iconic gates.
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Forest Lawn's mission is to 'serve all stakeholders through the preservation and promotion of Forest Lawn's cemeteries and crematory, offering burial and interment options for past, present and future generations of Western New Yorkers.'
As an employer of choice, we are here to answer questions and educate individuals around a subject that few have had much exposure to. We work to help families in their pre-planning, which accounts for about 65% of our business. When there is an immediate need, we work closely with the funeral professionals in Western New York to assist in decisions and arrangements.
We have invested significant resources for our current and future customers — in our landscapes, in restoration of historic structures and monuments and in adding interment options at all of our cemeteries. Some highlights include new cremation niches for permanent placement and memorialization, Legacy Mausoleum at Forest Lawn, with our construction partner Arc Building Partners, currently in pre-sale stage as we await completion at the end of the year. Green/natural burials are available at both Lakeside Cemetery in Hamburg and Forest Hill Cemetery in Attica. Finally, the development of special burial areas for private/family mausoleums are also available at Forest Lawn and our other cemeteries across Western New York.
Whether you are helping parents or other family members, friends and partners, or making your own personal plans, please know we are here. Cemeteries are 'forever,' and as we conclude our 175th anniversary year, we are proud of our legacy and our future. Recently, WIVB produced this award-winning feature that tells our story through all four seasons.
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Business Wire
4 days ago
- Business Wire
Sylvamo Delivers Results In Line With Outlook, Positioned for Stronger Second Half
MEMPHIS, Tenn.--(BUSINESS WIRE)--Sylvamo (NYSE: SLVM), the world's paper company, is releasing second quarter 2025 earnings. The company will host an audio webcast at 10 a.m. EDT at Message from Chairman and Chief Executive Officer 'We delivered second quarter earnings in line with our outlook, overcoming a $13 million unfavorable foreign exchange impact while navigating the heaviest planned maintenance outage quarter in over five years,' said Jean-Michel Ribiéras. 'With 85% of our full year planned maintenance outages behind us, we are positioned for a stronger performance in the second half of the year as we expect seasonally stronger demand in North America and Latin America as well as improved operational performance.' Financial Highlights – Second Quarter vs. First Quarter Net income of $15 million ($0.37 per diluted share) vs. $27 million ($0.65 per diluted share) Adjusted operating earnings* of $15 million ($0.37 per diluted share) vs. $28 million ($0.68 per diluted share) Adjusted EBITDA* of $82 million (10% margin) vs. $90 million (11% margin) Cash provided by operating activities of $64 million vs. $23 million Free cash flow* of $(2) million vs. $(25) million Commercial and Operational Highlights – Second Quarter vs. First Quarter Price and mix were favorable by $12 million, driven by better mix in North America and Latin America, with lower export sales from both regions Volume decreased by $9 million, mainly in North America Operations and other costs were favorable by $23 million, driven by improved operations, which more than offset a $13 million foreign exchange impact Planned maintenance outage expenses increased by $39 million, as expected—the heaviest outage quarter since the spinoff Input and transportation costs were favorable by $5 million, primarily driven by energy in North America Third Quarter Outlook Adjusted EBITDA of $145 million to $165 million Compared to the second quarter: Price and mix are expected to decrease by $15 million to $20 million due to paper and pulp prices in Europe Volume is projected to improve in the range of $15 million to $20 million, primarily due to seasonality in Latin America and North America Operations and other costs are expected to be favorable by up to $5 million, primarily due to improving operational performance Input and transportation costs are projected to be stable in the range of $(5) million to $5 million Total planned maintenance outage expenses will decrease by $66 million with no outages planned in the quarter We expect quarterly earnings to significantly improve in the second half of the year as we benefit from much lower planned maintenance outage expenses, improving volumes and better operations. *See 'Non-GAAP Financial Measures' for definitions of non-GAAP financial measures. Reconciliations are included in the financial schedules below. Expand Management Summary Our team navigated the largest planned maintenance outage quarter in over five years, delivering second quarter adjusted EBITDA in line with our outlook. Operational performance improved across our mills during the quarter. We remain focused on productivity, reliability and cost initiatives while ensuring we are well positioned for long-term value creation. Our team is committed to the success of our customers and is partnering with them to be the supplier of choice every day. We returned $38 million in cash to shareowners through dividends and share repurchases. Our board of directors declared a third quarter dividend of $0.45 per share, which we paid July 29. We will continue evaluating opportunities to repurchase shares at attractive prices with $42 million remaining on our $150 million share repurchase authorization from September 2023. Uncoated freesheet industry conditions varied by region in the first half of 2025 compared to the first half of 2024. In Europe, demand remained sluggish, down 8% year-over-year. Paper prices stabilized in the second quarter but are under pressure entering the seasonally slower third quarter. Pulp prices in Europe significantly decreased in the first half of the year, contributing to uncoated freesheet pricing pressure. In Latin America, demand is down 2% year-over-year, driven by other Latin American countries that saw a 6% decline. Brazil, however, is up 6% due to strong publishing demand. In North America, reported apparent demand is stable year-over-year, driven by higher imports, which are up nearly 40%. Much of this increase in imports is in converting and printing rolls. We believe real demand will be down 3% to 4% this year. We continue to monitor the U.S. tariff situation and the potential challenges and opportunities that may unfold. In the first half of the year, we saw some shifts in uncoated freesheet trade flows. This is one of the main reasons why imports into the U.S. were up almost 40% through the first half of 2025. We are also keeping an eye on several cross-regional themes, including currency fluctuations with the U.S. dollar devaluation against many currencies. Looking ahead, we expect third quarter adjusted EBITDA to improve significantly, supported by the absence of planned maintenance outage expenses, improved volumes and better operational performance. Our long-term approach to capital allocation includes reinvesting in our business to strengthen our competitive advantages. As we first announced in February, we are investing in high-return projects at our Eastover, South Carolina, mill, including a $100 million paper machine speed-up and $45 million replacement sheeter. These combined investments should create incremental adjusted EBITDA of more than $50 million per year, resulting in additional cash flows and an internal rate of return of greater than 30%. Spending for these strategic investments began this year, while the majority will take place in 2026. These investments will increase our total capital spending in 2026, with spending returning to prior levels in 2027. We do not expect tariffs to have a material impact on the cost of our Eastover major capital projects or their expected returns. We are focused on creating shareowner value by maintaining a strong financial position, reinvesting in our business to grow our earnings and cash flows and returning cash to shareowners. We are confident in our future and motivated by the opportunities that lie ahead. Earnings Webcast The company will host an audio webcast at 10 a.m. EDT at Those who want to participate should call 800-715-9871 (U.S.) or +1-646-307-1963 (international) and use access code 6289099. Replays are available at for one year and by phone for one week. To listen by phone, call 800-770-2030 (U.S.) or +1-647-362-9199 (international) and use access code 6289099. About Sylvamo Sylvamo Corporation (NYSE: SLVM) is the world's paper company with mills in Europe, Latin America and North America. Our vision is to be the employer, supplier and investment of choice. We transform renewable resources into papers that people depend on for education, communication and entertainment. Headquartered in Memphis, Tennessee, we employ more than 6,500 colleagues. Net sales for 2024 were $3.8 billion. For more information, please visit Segment Information Sylvamo uses business segment operating profit to measure the earnings performance of its businesses and is calculated as set forth in footnote (e) under the "Sales and Earnings by Business Segment" table (page 7). Second quarter 2025 net sales by business segment and operating profit by business segment compared with the first quarter of 2025 and the second quarter of 2024 are as follows: Operating profits in the second quarter of 2025: Europe - $(38) million compared with $(24) million in the first quarter of 2025. Earnings were lower due to higher planned maintenance outages, unfavorable foreign exchange impacts and lower volumes which more than offset lower operating costs and favorable price and mix. Latin America - $2 million compared with $26 million in the first quarter of 2025. Earnings were lower due to higher planned maintenance outages and unfavorable foreign exchange impacts which more than offset favorable price and mix, higher volumes and lower input costs. North America - $66 million compared with $42 million in the first quarter of 2025. Earnings were higher due to lower operating and input costs, favorable price and mix and lower unabsorbed costs due to less economic downtime which more than offset lower volumes and higher planned maintenance outages. Effective Tax Rate The reported effective tax rate for the second quarter of 2025 was 25%, compared to 18% for the first quarter of 2025. The lower rate for the first quarter was primarily driven by a higher stock-based compensation windfall, which resulted in a discrete tax benefit recognized during the first quarter. Excluding net special items, the effective tax rate for the second quarter of 2025 was 28%, compared with 20% for the first quarter of 2025. The effective tax rate excluding net special items is a non-GAAP financial measure and is calculated by adjusting the income tax provision and rate to exclude the tax effect at the applicable statutory rate of net special items. Management believes that this presentation provides useful information to investors by providing a more meaningful comparison of the income tax rate between past and present periods. Effects of Net Special Items Net special items in the second quarter of 2025 amounted to a net after-tax charge of $0 million ($0.00 per diluted share), compared with a net after-tax charge of $1 million ($0.03 per diluted share) in the first quarter of 2025. Non-GAAP Financial Measures Adjusted Operating Earnings (non-GAAP) are net income (GAAP), net of tax and net special items. Management uses this measure to focus on ongoing operations and believes it is useful to investors because it enables them to perform meaningful comparisons of past and present operating results. The Company believes that using this information, along with net income, provides for a more complete analysis of the results of operations. Net income is the most directly comparable GAAP measure. For more information regarding net special items, see the information under the heading Effects of Net Special Items and the Consolidated Statement of Operations and related notes included later in this release. Adjusted EBITDA (non-GAAP) is net income (GAAP), net of tax, plus the sum of income taxes, net interest expense (income), depreciation, amortization and cost of timber harvested, stock-based compensation, and, when applicable for the periods reported, net special items. Management uses this measure in managing the operating performance of our business and believes that Adjusted EBITDA and Adjusted EBITDA Margin provide investors and analysts meaningful insights into our operating performance and Adjusted EBITDA is a relevant metric for the third-party debt. The Company believes that using this information, along with net income, provides for a more complete analysis of the results of its operations. Net income is the most directly comparable GAAP measure. For more information regarding net special items, see the information under the heading Effects of Net Special Items and the Consolidated Statement of Operations and related notes included later in this release. Free Cash Flow is a non-GAAP measure and the most directly comparable GAAP measure is cash provided by operating activities. Management utilizes this measure in connection with managing our business and believes that Free Cash Flow is useful to investors as a liquidity measure because it measures the amount of cash generated that is available, after reinvesting in the business, to maintain a strong balance sheet and service debt, and return cash to shareowners. It should not be inferred that the entire Free Cash Flow amount is available for discretionary expenditures. Free Cash Flow also enables investors to perform meaningful comparisons between past and present periods. Forward-Looking Statements This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including the information under the headings "Third Quarter Outlook" and "Management Summary from Chairman and Chief Executive Officer Jean-Michel Ribiéras." Any or all forward-looking statements may turn out to be incorrect, and our actual actions and results could differ materially from what they express or imply, because they involve known and unknown risks, uncertainties and other factors, many of which are beyond our control. These risks, uncertainties, and other factors include those disclosed in the heading "Risk Factors" in our Annual Report on Form 10-K for the year ended Dec. 31, 2024, filed with the U.S. Securities and Exchange Commission (SEC) and in our subsequent filings with the SEC, available on our website, These forward-looking statements reflect our current expectations, and we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. Three and Six Months Ended June 30, 2025 (a) Includes a pre-tax gain of $1 million ($1 million after taxes) for the three and six months ended June 30, 2025, to adjust the recognition of a foreign value-added tax refund in Brazil. (b) Includes a pretax charge of $1 million ($1 million after tax) of interest expense related to tax settlements for the three and six months ended June 30, 2025. (c) Includes a pre-tax loss of $1 million ($1 million after taxes) related to the termination of the Georgetown mill offtake agreement and a pre-tax loss of $1 million ($0 million after tax) related to environmental reserves in Brazil for the six months ended June 30, 2025. Three and Six Months Ended June 30, 2024 (d) Includes pre-tax gain of $1 million ($1 million after taxes) for the three months ended June 30, 2024, to adjust the recognition of a foreign value-added tax refund in Brazil. (e) Includes pre-tax loss of $1 million ($1 million after taxes) for the three and six months ended June 30, 2024, for certain severance costs related to our salaried workforce and a pre-tax loss of $2 million ($1 million after taxes) for the six months ended June 30, 2024, for integration costs related to the Nymölla acquisition. Three Months Ended March 31, 2025 (f) Includes a pretax loss of $1 million ($1 million after tax) related to the termination of the Georgetown mill offtake agreement and a pre-tax loss of $1 million ($0 million after tax) related to environmental reserves in Brazil. Expand Three Months Ended June 30, Three Months Ended March 31, 2025 Six Months Ended June 30, 2025 2024 2025 2024 Diluted Earnings Per Common Share as Reported $ 0.37 $ 1.98 $ 0.65 $ 1.02 $ 3.00 Add back: Net special items expense (income) — — 0.03 0.02 0.05 Adjusted Operating Earnings Per Share $ 0.37 $ 1.98 $ 0.68 $ 1.04 $ 3.05 Expand SYLVAMO CORPORATION Sales and Earnings by Business Segment Preliminary and Unaudited (In millions) Net Sales by Business Segment Three Months Ended June 30, Three Months Ended March 31, 2025 Six Months Ended June 30, 2025 2024 2025 2024 Europe $ 181 $ 206 $ 190 $ 371 $ 413 Latin America 207 245 199 406 461 North America 419 493 438 857 983 Inter-segment Sales (13 ) (11 ) (6 ) (19 ) (19 ) Net Sales $ 794 $ 933 $ 821 $ 1,615 $ 1,838 Expand Operating Profit by Business Segment Three Months Ended June 30, Three Months Ended March 31, 2025 Six Months Ended June 30, 2025 2024 2025 2024 Europe $ (38 ) $ 8 $ (24 ) $ (62 ) $ 4 Latin America 2 37 26 28 51 North America 66 77 42 108 139 Business Segment Operating Profit (Loss) $ 30 $ 122 $ 44 $ 74 $ 194 Income Before Income Taxes $ 20 $ 113 $ 33 $ 53 $ 173 Interest expense (income), net 10 (a) 9 9 19 (a) 18 Net special items expense (income) — (b) — (c) 2 (d) 2 (b) 3 (c) Business Segment Operating Profit (e) $ 30 $ 122 $ 44 $ 74 $ 194 Expand Three and Six Months Ended June 30, 2025 (a) Includes a pretax charge of $1 million ($1 million after tax) of interest expense related to tax settlements for the three and six months ended June 30, 2025. (b) Includes a pre-tax gain of $1 million ($1 million after taxes) for the three and six months ended June 30, 2025, to adjust the recognition of a foreign value-added tax refund in Brazil. Also includes a pre-tax loss of $1 million ($1 million after tax) related to the termination of the Georgetown mill offtake agreement and a pre-tax loss of $1 million ($0 million after tax) related to environmental reserves in Brazil for the six months ended June 30, 2025. Three and Six Months Ended June 30, 2024 (c) Includes pre-tax loss of $1 million ($1 million after taxes) for the three and six months ended June 30, 2024, for certain severance costs related to our salaried workforce and a pre-tax loss of $2 million ($1 million after taxes) for the six months ended June 30, 2024, for integration costs related to the Nymölla acquisition. Also includes pre-tax gain of $1 million ($1 million after taxes) for the three months ended June 30, 2024, to adjust the recognition of a foreign value-added tax refund in Brazil. Three Months Ended March 31, 2025 (d) Includes a pre-tax loss of $1 million ($1 million after tax) related to the termination of the Georgetown mill offtake agreement and a pre-tax loss of $1 million ($0 million after tax) related to environmental reserves in Brazil. (e) As set forth in the chart above, business segment operating profit is defined as income before income taxes, but excluding net interest expense (income) and net special items. Business segment operating profit is a measure reported to our management for purposes of making decisions about allocating resources to our business segments and assessing the performance of our business segments. Expand Adjusted EBITDA and Adjusted EBITDA Margin by Business Segment 2025 2024 2025 2024 Adjusted EBITDA Europe $ (30 ) $ 17 $ (15 ) $ (45 ) $ 22 Latin America 27 55 46 73 89 North America 85 92 59 144 171 Total Business Segment Adjusted EBITDA $ 82 $ 164 $ 90 $ 172 $ 282 Net Sales (excluding inter-segment sales eliminations) Europe $ 181 $ 206 $ 190 $ 371 $ 413 Latin America 207 245 199 406 461 North America 419 493 438 857 983 Total Business Segment Net Sales $ 807 $ 944 $ 827 $ 1,634 $ 1,857 Adjusted EBITDA Margin Europe (17 )% 8 % (8 )% (12 )% 5 % Latin America 13 % 22 % 23 % 18 % 19 % North America 20 % 19 % 13 % 17 % 17 % Expand SYLVAMO CORPORATION Consolidated Balance Sheet Preliminary and Unaudited (In millions) December 31, 2024 Assets Current Assets Cash and temporary investments $ 113 $ 205 Accounts and notes receivable, net 383 429 Contract assets 21 26 Inventories 396 361 Other current assets 64 42 Total Current Assets 977 1,063 Plants, Properties and Equipment, Net 1,034 944 Forestlands 367 319 Goodwill 126 111 Right of Use Assets 57 58 Deferred Charges and Other Assets 107 109 Total Assets $ 2,668 $ 2,604 Liabilities and Equity Current Liabilities Accounts payable $ 371 $ 375 Notes payable and current maturities of long-term debt 46 22 Accrued payroll and benefits 53 79 Other current liabilities 165 206 Total Current Liabilities 635 682 Long-Term Debt 767 782 Deferred Income Taxes 151 152 Other Liabilities 156 141 Equity Common stock, $1.00 par value, 200.0 shares authorized, 45.5 shares and 44.9 shares issued and 40.4 shares and 40.6 shares outstanding at June 30, 2025 and December 31, 2024, respectively 45 45 Paid-In Capital 85 71 Retained Earnings 2,460 2,455 Accumulated Other Comprehensive Loss (1,343 ) (1,490 ) 1,247 1,081 Less: Common stock held in treasury, at cost, 5.2 shares and 4.3 shares at June 30, 2025 and December 31, 2024, respectively (288 ) (234 ) Total Equity 959 847 Total Liabilities and Equity $ 2,668 $ 2,604 Expand SYLVAMO CORPORATION Consolidated Statement of Cash Flows Preliminary and Unaudited (In millions) Six Months Ended June 30, 2025 2024 Operating Activities Net income $ 42 $ 126 Depreciation, amortization, and cost of timber harvested 85 76 Deferred income tax provision (benefit), net (5 ) — Stock-based compensation 13 12 Changes in operating assets and liabilities and other Accounts and notes receivable 77 (7 ) Inventories — (20 ) Accounts payable and accrued liabilities (79 ) (26 ) Other (46 ) (19 ) Cash Provided By Operating Activities 87 142 Investing Activities Invested in capital projects (114 ) (113 ) Cash Used for Investing Activities (114 ) (113 ) Financing Activities Dividends paid (36 ) (25 ) Issuance of debt 48 16 Reduction of debt (40 ) (54 ) Repurchases of common stock (40 ) (30 ) Other (8 ) (2 ) Cash Used for Financing Activities (76 ) (95 ) Effect of Exchange Rate Changes on Cash 11 (9 ) Change in Cash, Temporary Investments and Restricted Cash (92 ) (75 ) Cash, Temporary Investments and Restricted Cash Beginning of the period 205 280 End of the period $ 113 $ 205 Expand SYLVAMO CORPORATION Reconciliation of Cash Provided by Operations to Free Cash Flow Preliminary and Unaudited (In millions) Adjustments: Free Cash Flow $ (2 ) $ 62 $ (25 ) $ (27 ) $ 29 Expand SYLVAMO CORPORATION Reconciliation of Net Income to Adjusted EBITDA - Third Quarter 2025 Outlook Estimates (In millions) September 30, 2025 Net Income $59 - $74 Adjustments: Income tax provision 24 - 29 Interest expense (income), net 8 Depreciation, amortization and cost of timber harvested 48 Stock-based compensation 6 Adjusted EBITDA $145 - $165 The non-GAAP financial measures presented in this release have limitations as analytical tools and should not be considered in isolation or as a substitute for an analysis of our results calculated in accordance with GAAP. In addition, because not all companies use identical calculations, the Company's presentation of non-GAAP measures in this release may not be comparable to similarly titled measures disclosed by other companies, including companies in the same industry as Sylvamo. Management believes certain non-U.S. GAAP financial measures, when used in conjunction with information presented in accordance with U.S. GAAP, can facilitate a better understanding of the impact of various factors and trends on the Company's financial condition and results of operations. Management also uses these non-U.S. GAAP financial measures in making financial, operating and planning decisions and in evaluating the Company's performance. Expand
Business Wire
5 days ago
- Business Wire
CRH Q2 2025 Results
NEW YORK--(BUSINESS WIRE)-- CRH (NYSE: CRH), a leading provider of building materials solutions, today reported second quarter 2025 financial results. Key Highlights Summary Financials Q2 2025 YoY Change Total revenues $10.2bn +6% Net income $1.3bn +2% Net income margin 13.1% (50bps) Adjusted EBITDA* $2.5bn +9% Adjusted EBITDA margin* 24.1% +70bps Diluted Earnings Per Share $1.94 +3% Strong performance backed by favorable underlying demand, positive pricing and acquisition contributions Proven strategy and connected portfolio driving further growth and value creation $1.0bn invested in 19 acquisitions YTD; strong pipeline of M&A opportunities $2.1bn acquisition of Eco Material Technologies agreed; accelerating cementitious growth strategy Ongoing share buyback; $0.8bn completed YTD; commencing new $0.3bn quarterly tranche Declaring quarterly dividend of $0.37 per share (+6% YoY) Continue to expect positive activity across our key end-use markets in 2025 FY25 guidance: Net income of $3.8bn-$3.9bn; Adjusted EBITDA* of $7.5bn-$7.7bn Expand Jim Mintern, Chief Executive Officer, said: "Our strong second quarter performance was driven by favorable underlying demand, disciplined commercial management and further contributions from acquisitions. CRH's proven strategy continued to drive higher sales, profits and Adjusted EBITDA margins*, while our robust balance sheet and financial capacity enabled us to allocate approximately $3 billion to growth investments and capital returns year-to-date. We completed 19 acquisitions year-to-date and continue to see an active pipeline of opportunities to further strengthen our market-leading positions in attractive growth markets. Underlying demand in our key end-use markets remains positive and we are pleased to raise our guidance for 2025." *Represents non-GAAP measure. See 'Non-GAAP Reconciliation and Supplementary Information' on pages 12 to 13. Expand Q2 2025 Results Performance Overview Total revenues of $10.2 billion (Q2 2024: $9.7 billion) increased by 6% driven by the positive impact of acquisitions and disciplined commercial execution, which offset lower activity levels in weather-impacted regions. Net income of $1.3 billion (Q2 2024: $1.3 billion) was 2% ahead of the prior year. This growth reflects a strong underlying operating performance, which more than offset higher depreciation and interest expenses, as well as reduced gains from divestitures and disposals of long-lived assets during the period. Adjusted EBITDA* of $2.5 billion (Q2 2024: $2.3 billion) increased by 9% as a result of the continued delivery of CRH's connected strategy, positive pricing, good contributions from acquisitions and further operational efficiencies. CRH's net income margin of 13.1% was behind Q2 2024 (13.6%), while Adjusted EBITDA margin* of 24.1% (Q2 2024: 23.4%) was ahead of the comparable prior year period. Diluted Earnings Per Share (EPS) for Q2 2025 was $1.94 (Q2 2024: $1.88). Americas Materials Solutions' total revenues were 2% ahead of Q2 2024, driven by continued positive pricing and contributions from acquisitions, which offset weather-related activity challenges. Adjusted EBITDA was 4% ahead of the prior year period, supported by contributions from acquisitions, underlying commercial progress and ongoing cost management while the prior year benefited from higher gains on disposal of long-lived assets. total revenues were 2% ahead of Q2 2024, driven by continued positive pricing and contributions from acquisitions, which offset weather-related activity challenges. Adjusted EBITDA was 4% ahead of the prior year period, supported by contributions from acquisitions, underlying commercial progress and ongoing cost management while the prior year benefited from higher gains on disposal of long-lived assets. Americas Building Solutions' total revenues were 2% ahead of Q2 2024, supported by contributions from acquisitions and strong demand in water infrastructure and data center activity. Adjusted EBITDA was 5% ahead of the prior year. total revenues were 2% ahead of Q2 2024, supported by contributions from acquisitions and strong demand in water infrastructure and data center activity. Adjusted EBITDA was 5% ahead of the prior year. International Solutions' total revenues were 13% ahead of Q2 2024, driven by strong contributions from acquisitions and sustained pricing momentum. Adjusted EBITDA was 23% ahead of the prior year, driven by good commercial management, operational efficiencies and contributions from acquisitions. Acquisitions and Divestitures In the three months ended June 30, 2025, CRH completed five acquisitions for a total consideration of $0.1 billion, compared with $0.4 billion in the same period of 2024. Americas Materials Solutions completed two acquisitions, while International Solutions completed three acquisitions. For the six months ended June 30, 2025, CRH completed 13 acquisitions for a total consideration of $0.7 billion, compared with $2.6 billion in the first half of the prior year. As announced on July 29, 2025, CRH has reached an agreement to acquire Eco Material Technologies (Eco Material), a leading supplier of Supplementary Cementitious Materials (SCMs) in North America, for a total consideration of $2.1 billion. The proposed acquisition puts CRH at the forefront of the transition to next generation cement and concrete and secures the long-term supply of high-value critical materials to unlock strong future growth opportunities. Eco Material is headquartered in Utah and operates a national network of fresh and harvested fly ash, pozzolans, synthetic gypsum and green cement operations distributed across a network of over 125 utility source locations, production facilities and terminals. The proposed transaction is subject to regulatory approval and customary closing conditions and is expected to close in 2025. With respect to divestitures, in the three months ended June 30, 2025, cash proceeds from divestitures and disposals of long-lived assets were $31 million, compared with $0.4 billion in the same period in 2024. For the six months ended June 30, 2025, CRH realized cash proceeds from divestitures and disposals of long-lived assets of $0.1 billion, compared with $1.1 billion in the same period of the prior year. Dividends and Share Buybacks In line with the Company's policy of consistent long-term dividend growth, the Board has declared a quarterly dividend of $0.37 per share. This represents an increase of 6% on the prior year. As part of its ongoing share buyback program, CRH repurchased approximately 3.7 million Ordinary Shares in Q2 2025 for a total consideration of $0.3 billion. On August 5, 2025, the latest tranche of the share buyback program was completed, bringing the year-to-date repurchases to $0.8 billion. The Company is pleased to announce that it is commencing an additional $0.3 billion tranche to be completed no later than November 5, 2025. 2025 Full Year Outlook The outlook for our business remains positive and we raise our financial guidance for 2025. We continue to expect favorable underlying demand across our key end-use markets in 2025, underpinned by significant public investment in critical infrastructure and continued re-industrialization activity in key non-residential segments. Within the residential sector, the new-build segment is expected to remain subdued, while repair and remodel activity remains resilient. Assuming normal seasonal weather patterns and absent any major dislocations in the political or macroeconomic environment, CRH's proven strategy and leading positions of scale in attractive higher-growth markets, together with our strong and flexible balance sheet, are expected to underpin another year of growth and value creation in 2025. 2025 Guidance (i) Updated Guidance Previous Guidance (in $ billions, except per share data) Low High Low High Net income (ii) 3.8 3.9 3.7 4.1 Adjusted EBITDA* 7.5 7.7 7.3 7.7 Diluted EPS (ii) $5.49 $5.72 $5.34 $5.80 Capital expenditure 2.8 3.0 2.8 3.0 (i) The 2025 guidance does not assume any significant one-off or non-recurring items, including the impact of further potential changes to global trade policies, impairments or other unforeseen events. (ii) 2025 net income and diluted EPS are based on approximately $0.6 billion interest expense, net, effective tax rate of approximately 23% and a year-to-date average of approximately 682 million diluted common shares outstanding. Expand Americas Materials Solutions Analysis of Change in $ millions Q2 2024 Currency Acquisitions Divestitures Organic Q2 2025 % change Total revenues 4,406 (3) +214 — (108) 4,509 +2% Adjusted EBITDA 1,193 (1) +47 — +2 1,241 +4% Adjusted EBITDA margin 27.1% 27.5% Expand Americas Materials Solutions' total revenues were 2% ahead of the second quarter of 2024, primarily driven by contributions from acquisitions and further pricing improvements. In Essential Materials, total revenues increased by 4% due to positive pricing and favorable underlying demand in most regions. Aggregates pricing increased 4% year-on-year, reflecting a shift in product mix due to weather-related delays in the period. Cement pricing was up 2% reflecting regional variances across the footprint. Aggregates and cement volumes increased by 5% and 1%, respectively, with contributions from acquisitions offsetting the impact of adverse weather. In Road Solutions, total revenues increased by 2%. Asphalt volumes decreased by 2% over the prior year due to adverse weather conditions, while pricing was stable. Readymixed concrete volumes increased by 6% over the prior year supported by acquisitions while pricing increased by 2%. Paving and construction revenues decreased by 2% due to weather-impacted activity levels. Second quarter Adjusted EBITDA for Americas Materials Solutions was 4% ahead of the prior year, driven by acquisitions, improved pricing, and disciplined cost management while the prior year benefited from higher gains on disposal of long-lived assets. Adjusted EBITDA margin was 40bps ahead of the second quarter of 2024. Americas Building Solutions Analysis of Change in $ millions Q2 2024 Currency Acquisitions Divestitures Organic Q2 2025 % change Total revenues 2,116 (1) +83 (11) (28) 2,159 +2% Adjusted EBITDA 476 — +22 (2) +5 501 +5% Adjusted EBITDA margin 22.5% 23.2% Expand Americas Building Solutions' total revenues were 2% ahead of the second quarter of 2024, as good commercial management and contributions from acquisitions offset adverse weather impacts in some markets. In Building & Infrastructure Solutions, total revenues were 3% ahead of Q2 2024, driven by positive contributions from acquisitions and strong demand in water infrastructure and data center activity. In Outdoor Living Solutions, total revenues were 2% ahead of the prior year period, with acquisitions mitigating the effects of subdued residential activity. Adjusted EBITDA for Americas Building Solutions was 5% ahead of the second quarter of 2024 driven by acquisitions and cost savings initiatives. Adjusted EBITDA margin was 70bps ahead of the prior year period. International Solutions Analysis of Change in $ millions Q2 2024 Currency Acquisitions Divestitures Organic Q2 2025 % change Total revenues 3,132 +163 +430 (91) (96) 3,538 +13% Adjusted EBITDA 586 +27 +74 +5 +29 721 +23% Adjusted EBITDA margin 18.7% 20.4% Expand International Solutions' total revenues were 13% ahead of the second quarter of 2024 primarily driven by contributions from acquisitions and favorable pricing, which were partially offset by reduced activity in some markets. In Essential Materials, total revenues were 14% ahead of the comparable period in 2024 supported by positive pricing and strong contributions from acquisitions. Aggregates and cement volumes were 5% and 12% ahead of the comparable period in 2024, with pricing 3% and 2% ahead, respectively. In Road Solutions, total revenues were 16% ahead of the comparable period in 2024, with volumes and prices in readymixed concrete ahead of 2024 by 21% and 9%, respectively, benefiting from higher activity levels and contributions from the Adbri acquisition. Asphalt volumes declined by 3%, as a result of lower activity levels while asphalt pricing declined 4% compared to the prior year. Within Building & Infrastructure Solutions and Outdoor Living Solutions, total revenues were 6% ahead of the comparable period in 2024 supported by contributions from acquisitions. Adjusted EBITDA in International Solutions was 23% ahead of the second quarter of 2024, driven by the successful integration of acquisitions, increased pricing and operational efficiencies. Adjusted EBITDA margin increased by 170bps compared to the prior year. Other Financial Items Depreciation, depletion and amortization charges of $0.5 billion were $0.1 billion higher than the prior year (Q2 2024: $0.4 billion), primarily due to the impact of acquisitions and higher capital expenditure. Gains on the disposal of long-lived assets of $29 million were lower than the prior year period (Q2 2024: $102 million) primarily due to the non-recurrence of certain land asset disposals in North America. Interest income was $30 million for the three months ended June 30, 2025, a decrease of $6 million from the comparable period in 2024. Interest expense of $200 million was higher than the comparable period (Q2 2024: $155 million), primarily due to an increase in gross debt balances. Other nonoperating (expense) income, net was ($9) million (Q2 2024: $23 million income) reflective of a loss on divestitures made during the period. Diluted EPS rose to $1.94 (Q2 2024: $1.88), supported by a strong operating performance and the ongoing share buyback program. Balance Sheet and Liquidity Total short and long-term debt was $15.8 billion at June 30, 2025, compared with $14.0 billion at December 31, 2024, and $13.1 billion at June 30, 2024. In January 2025, the Company completed the issuance of $1.25 billion 5.125% Senior Notes due 2030, $1.25 billion 5.50% Senior Notes due 2035, and $0.5 billion 5.875% Senior Notes due 2055. In the six months ended June 30, 2025, $0.3 billion of Euro Commercial Paper was repaid, and the $1.25 billion Senior Notes due 2025 were repaid on maturity in May. Net Debt* at June 30, 2025, was $13.4 billion, compared to $10.5 billion at December 31, 2024, and $10.3 billion at June 30, 2024. The increase in Net Debt* compared to December 31, 2024, reflects cash returns to shareholders through continued share buybacks and dividends, acquisitions, as well as the purchase of property, plant and equipment partially offset by inflows from operating activities. As of June 30, 2025, CRH had $2.9 billion of cash and cash equivalents and restricted cash on hand (June 30, 2024: $3.9 billion) and $4.2 billion of undrawn committed facilities. During April 2025, the Company exercised a second one-year extension option on $4.1 billion of the undrawn committed facilities extending the maturity date to May 2030. At June 30, 2025, the weighted average maturity of the term debt (net of cash and cash equivalents) was 8.1 years. As at June 30, 2025, the Company had a $4.0 billion U.S. Dollar Commercial Paper Program and a €1.5 billion Euro Commercial Paper Program. As at June 30, 2025, there was $1.0 billion of outstanding issued notes under the U.S. Dollar Commercial Paper Program and no outstanding issued notes under the Euro Commercial Paper Program. CRH remains committed to maintaining its robust balance sheet and expects to maintain a strong investment-grade credit rating with a BBB+ or equivalent rating with each of the three main rating agencies. Q2 2025 Conference Call CRH will host a conference call and webcast presentation at 8:00 a.m. (EDT) on Thursday, August 7, 2025 to discuss the Q2 2025 results and 2025 outlook. Registration details are available on Upon registration, a link to join the call and dial-in details will be made available. The accompanying investor presentation will be available on the investor section of the CRH website in advance of the conference call, and a recording of the conference call will be made available afterwards. Dividend Timetable The timetable for payment of the quarterly dividend of $0.37 per share is as follows: Ex-dividend Date: August 22 2025 Record Date: August 22 2025 Payment Date: September 24 2025 Expand The default payment currency is U.S. Dollar for shareholders who hold their Ordinary Shares through a Depository Trust Company (DTC) participant. It is also U.S. Dollar for shareholders holding their Ordinary Shares in registered form, unless a currency election has been registered with CRH's Transfer Agent, Computershare Trust Company N.A. by 5:00 p.m. (EDT)/10:00 p.m. (BST) on August 22, 2025. The default payment currency for shareholders holding their Ordinary Shares in the form of Depository Interests is Euro. Such shareholders can elect to receive the dividend in U.S. Dollar or Pounds Sterling by providing their instructions to the Company's Depositary Interest provider, Computershare Investor Services plc, by 12:00 p.m. (EDT)/5:00 p.m. (BST) on August 26, 2025. Appendices Appendix 1 - Primary Statements The following financial statements are an extract of the Company's Condensed Consolidated Financial Statements prepared in accordance with U.S. GAAP for the three months and six months ended June 30, 2025, and do not present all necessary information for a complete understanding of the Company's financial condition as of June 30, 2025. The full Condensed Consolidated Financial Statements prepared in accordance with U.S. GAAP for the three months ended June 30, 2025, including notes thereto, will be included as a part of the Company's Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission (SEC). Condensed Consolidated Statements of Income (Unaudited) (in $ millions, except share and per share data) Three months ended Six months ended June 30 June 30 2025 2024 2025 2024 Product revenues 7,919 7,308 13,531 12,676 Service revenues 2,287 2,346 3,431 3,511 Total revenues 10,206 9,654 16,962 16,187 Cost of product revenues (4,083) (3,759) (7,909) (7,336) Cost of service revenues (2,097) (2,220) (3,190) (3,369) Total cost of revenues (6,180) (5,979) (11,099) (10,705) Gross profit 4,026 3,675 5,863 5,482 Selling, general and administrative expenses (2,120) (1,948) (3,953) (3,735) Gain on disposal of long-lived assets 29 102 43 110 Operating income 1,935 1,829 1,953 1,857 Interest income 30 36 67 79 Interest expense (200) (155) (381) (288) Other nonoperating (expense) income, net (9) 23 (29) 184 Income from operations before income tax expense and income from equity method investments 1,756 1,733 1,610 1,832 Income tax expense (425) (430) (367) (411) Income (loss) from equity method investments 1 6 (9) 2 Net income 1,332 1,309 1,234 1,423 Net (income) attributable to redeemable noncontrolling interests (8) (10) (8) (12) Net (income) loss attributable to noncontrolling interests (5) (2) (1) 2 Net income attributable to CRH 1,319 1,297 1,225 1,413 Earnings per share attributable to CRH Basic $1.95 $1.89 $1.79 $2.05 Diluted $1.94 $1.88 $1.78 $2.03 Weighted average common shares outstanding Basic 674.8 685.5 675.8 686.6 Diluted 677.7 688.8 679.9 691.1 Expand Condensed Consolidated Balance Sheets (Unaudited) (in $ millions, except share data) June 30 December 31 June 30 2025 2024 2024 Assets Current assets: Cash and cash equivalents 2,876 3,720 3,066 Restricted cash – 39 869 Accounts receivable, net 6,490 4,820 5,893 Inventories 5,051 4,755 4,514 Assets held for sale – – 67 Other current assets 734 749 704 Total current assets 15,151 14,083 15,113 Property, plant and equipment, net 23,017 21,452 19,235 Equity method investments 712 737 484 Goodwill 11,673 11,061 10,251 Intangible assets, net 1,239 1,211 1,086 Operating lease right-of-use assets, net 1,295 1,274 1,279 Other noncurrent assets 897 795 657 Total assets 53,984 50,613 48,105 Liabilities, redeemable noncontrolling interests and shareholders' equity Current liabilities: Accounts payable 3,303 3,207 3,363 Accrued expenses 2,266 2,248 2,272 Current portion of long-term debt 1,171 2,999 3,218 Operating lease liabilities 247 265 259 Liabilities held for sale – – 14 Other current liabilities 1,697 1,577 1,422 Total current liabilities 8,684 10,296 10,548 Long-term debt 14,642 10,969 9,900 Deferred income tax liabilities 3,202 3,105 2,914 Noncurrent operating lease liabilities 1,096 1,074 1,114 Other noncurrent liabilities 2,730 2,319 2,178 Total liabilities 30,354 27,763 26,654 Commitments and contingencies Redeemable noncontrolling interests 389 384 335 Shareholders' equity Preferred stock, €1.27 par value, 150,000 shares authorized and 50,000 shares issued and outstanding for 5% preferred stock and 872,000 shares authorized, issued and outstanding for 7% 'A' preferred stock, as of June 30, 2025, December 31, 2024, and June 30, 2024 1 1 1 Common stock, €0.32 par value, 1,250,000,000 shares authorized; 711,792,599, 718,647,277 and 725,113,896 issued and outstanding, as of June 30, 2025, December 31, 2024, and June 30, 2024 respectively 288 290 292 Treasury stock, at cost (38,589,802, 41,355,384 and 41,540,247 shares as of June 30, 2025, December 31, 2024 and June 30, 2024 respectively) (2,028) (2,137) (2,143) Additional paid-in capital 323 422 359 Accumulated other comprehensive loss (345) (1,005) (813) Retained earnings 24,106 24,036 23,030 Total shareholders' equity attributable to CRH shareholders 22,345 21,607 20,726 Noncontrolling interests 896 859 390 Total equity 23,241 22,466 21,116 Total liabilities, redeemable noncontrolling interests and equity 53,984 50,613 48,105 Expand Condensed Consolidated Statements of Cash Flows (Unaudited) (in $ millions) Six months ended June 30 2025 2024 Cash Flows from Operating Activities: Net income 1,234 1,423 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation, depletion and amortization 1,005 821 Share-based compensation 66 63 Gains on disposals from businesses and long-lived assets, net (12) (248) Deferred tax expense 5 197 Loss (income) from equity method investments 9 (2) Pension and other postretirement benefits net periodic benefit cost 12 18 Non-cash operating lease costs 134 151 Other items, net 2 (16) Changes in operating assets and liabilities, net of effects of acquisitions and divestitures: Accounts receivable, net (1,397) (1,371) Inventories (107) (175) Accounts payable (58) 232 Operating lease liabilities (153) (151) Other assets (250) (107) Other liabilities 249 (39) Pension and other postretirement benefits contributions (20) (23) Net cash provided by operating activities 719 773 Cash Flows from Investing Activities: Purchases of property, plant and equipment (1,300) (1,130) Acquisitions, net of cash acquired (648) (2,522) Proceeds from divestitures 37 978 Proceeds from disposal of long-lived assets 65 118 Dividends received from equity method investments 13 15 Settlements of derivatives (33) (3) Deferred divestiture consideration received 38 55 Other investing activities, net 33 (128) Net cash used in investing activities (1,795) (2,617) Expand Condensed Consolidated Statements of Cash Flows (Unaudited) (in $ millions) Six months ended June 30 2025 2024 Cash Flows from Financing Activities: Proceeds from debt issuances 4,542 3,370 Payments on debt (3,352) (1,691) Settlements of derivatives 77 (3) Payments of finance lease obligations (46) (21) Deferred and contingent acquisition consideration paid (13) (10) Dividends paid (500) (1,231) Distributions to noncontrolling and redeemable noncontrolling interests (22) (22) Transactions involving noncontrolling interests 2 – Repurchases of common stock (644) (907) Amounts related to employee share plans (56) – Net cash used in financing activities (12) (515) Effect of exchange rate changes on cash and cash equivalents, including restricted cash 205 (85) Decrease in cash and cash equivalents, including restricted cash (883) (2,444) Cash and cash equivalents and restricted cash at the beginning of period 3,759 6,390 Cash and cash equivalents and restricted cash at the end of period 2,876 3,946 Supplemental cash flow information: Cash paid for interest (including finance leases) 251 216 Cash paid for income taxes 304 304 Reconciliation of cash and cash equivalents and restricted cash Cash and cash equivalents presented in the Condensed Consolidated Balance Sheets 2,876 3,066 Cash and cash equivalents included in Assets held for sale – 11 Restricted cash presented in the Condensed Consolidated Balance Sheets – 869 Total cash and cash equivalents and restricted cash presented in the Condensed Consolidated Statements of Cash Flows 2,876 3,946 Expand Appendix 2 - Non-GAAP Reconciliation and Supplementary Information CRH uses a number of non-GAAP performance measures to monitor financial performance. These measures are referred to throughout the discussion of our reported financial position and operating performance on a continuing operations basis unless otherwise defined and are measures which are regularly reviewed by CRH management. These performance measures may not be uniformly defined by all companies and accordingly may not be directly comparable with similarly titled measures and disclosures by other companies. Certain information presented is derived from amounts calculated in accordance with U.S. GAAP but is not itself an expressly permitted GAAP measure. The non-GAAP performance measures as summarized below should not be viewed in isolation or as an alternative to the equivalent GAAP measure. Adjusted EBITDA: Adjusted EBITDA is defined as earnings from continuing operations before interest, taxes, depreciation, depletion, amortization, loss on impairments, gain/loss on divestitures and investments, income/loss from equity method investments, substantial acquisition-related costs and pension expense/income excluding current service cost component. It is quoted by management in conjunction with other GAAP and non-GAAP financial measures to aid investors in their analysis of the performance of the Company. Adjusted EBITDA by segment is monitored by management in order to allocate resources between segments and to assess performance. Adjusted EBITDA margin is calculated by expressing Adjusted EBITDA as a percentage of total revenues. Reconciliation to its nearest GAAP measure is presented below: Three months ended Six months ended June 30 June 30 in $ millions 2025 2024 2025 2024 Net income 1,332 1,309 1,234 1,423 (Income) loss from equity method investments (1) (6) 9 (2) Income tax expense 425 430 367 411 Loss (gain) on divestitures and investments (i) 16 (23) 42 (183) Pension income excluding current service cost component (i) (5) (1) (9) (2) Other interest, net (i) (2) 1 (4) 1 Interest expense 200 155 381 288 Interest income (30) (36) (67) (79) Depreciation, depletion and amortization 528 424 1,005 821 Substantial acquisition-related costs (ii) – 2 – 22 Adjusted EBITDA 2,463 2,255 2,958 2,700 Total revenues 10,206 9,654 16,962 16,187 Net income margin 13.1% 13.6% 7.3% 8.8% Adjusted EBITDA margin 24.1% 23.4% 17.4% 16.7% (i) Loss (gain) on divestitures and investments, pension income excluding current service cost component and other interest, net have been included in Other nonoperating (expense) income, net in the Condensed Consolidated Statements of Income. (ii) Represents expenses associated with non-routine substantial acquisitions, which meet the criteria for being separately reported in Note 3 'Acquisitions' of the unaudited financial statements in the Quarterly Report on Form 10-Q. Expenses in the second quarter of 2024, primarily include legal and consulting expenses related to these non-routine substantial acquisitions. Expand Adjusted EBITDA is not defined by GAAP and should not be considered as an alternative to earnings measures defined by GAAP. Reconciliation to its nearest GAAP measure for the mid-point of the 2025 Adjusted EBITDA guidance is presented below: Updated Guidance Previous Guidance in $ billions 2025 Mid-Point 2025 Mid-Point Net income 3.9 3.9 Income tax expense 1.1 1.1 Interest expense, net 0.6 0.6 Depreciation, depletion and amortization 2.1 1.9 Other (i) (0.1) – Adjusted EBITDA 7.6 7.5 (i) Other primarily relates to (income) loss from equity method investments and other nonoperating (income) expense, net. Expand Net Debt: Net Debt is used by management as it gives additional insight into the Company's current debt position less available cash. Net Debt is provided to enable investors to see the economic effect of gross debt, related hedges and cash and cash equivalents in total. Net Debt comprises short and long-term debt, finance lease liabilities, cash and cash equivalents and current and noncurrent derivative financial instruments (net). Reconciliation to its nearest GAAP measure is presented below: June 30 December 31 June 30 in $ millions 2025 2024 2024 Short and long-term debt (15,813) (13,968) (13,118) Cash and cash equivalents (i) 2,876 3,720 3,077 Finance lease liabilities (442) (257) (147) Derivative financial instruments (net) (27) (27) (91) Net Debt (13,406) (10,532) (10,279) (i) Cash and cash equivalents include cash and cash equivalents reclassified as held for sale of $11 million at June 30, 2024. Expand Organic Revenue and Organic Adjusted EBITDA: Because of the impact of acquisitions, divestitures, currency exchange translation and other non-recurring items on reported results each reporting period, CRH uses organic revenue and organic Adjusted EBITDA as additional performance indicators to assess performance of pre-existing (also referred to as underlying, like-for-like or ongoing) operations each reporting period. Organic revenue and organic Adjusted EBITDA are arrived at by excluding the incremental revenue and Adjusted EBITDA contributions from current and prior year acquisitions and divestitures, the impact of currency exchange translation, and the impact of any one-off items. Changes in organic revenue and organic Adjusted EBITDA are presented as additional measures of revenue and Adjusted EBITDA to provide a greater understanding of the performance of the Company. Organic change % is calculated by expressing the organic movement as a percentage of the prior year reporting period (adjusted for currency exchange effects). A reconciliation of the changes in organic revenue and organic Adjusted EBITDA to the changes in total revenues and Adjusted EBITDA by segment is presented with the discussion within each segment's performance in tables contained in the segment discussion commencing on page 4. Appendix 3 - Disclaimer/Forward-Looking Statements In order to utilize the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995, CRH is providing the following cautionary statement. This document contains statements that are, or may be deemed to be, forward-looking statements with respect to the financial condition, results of operations, business, viability and future performance of CRH and certain of the plans and objectives of CRH. These forward-looking statements may generally, but not always, be identified by the use of words such as 'will', 'anticipates', 'should', 'could', 'would', 'targets', 'aims', 'may', 'continues', 'expects', 'is expected to', 'estimates', 'believes', 'intends' or similar expressions. These forward-looking statements include all matters that are not historical facts or matters of fact at the date of this document. In particular, the following, among other statements, are all forward-looking in nature: plans and expectations regarding demand outlook for 2025, including stability resulting from CRH's connected strategy; plans and expectations regarding government funding initiatives, including expected public investment in critical infrastructure and re-industrialization activity; plans and expectations regarding pricing momentum, costs, demand, and trends in residential and non-residential markets and macroeconomic and other market trends and dynamics in key end-use markets and other regions where CRH operates; expectations with respect to the impact of further potential changes to global trade policies; plans and expectations regarding acquisitions and divestitures and resulting synergies, benefits and contributions statements regarding the pipeline of M&A and other growth opportunities; statements regarding the consummation (including timing thereof), expectations and benefits of the pending acquisition of Eco Material; statements regarding CRH's supply of critical materials to support future growth; statements regarding CRH's position with respect to the transition to the next generation of cement and concrete; plans and expectations regarding return of cash to shareholders, including the timing, consistency and amount of share buybacks and dividends; expectations regarding CRH's credit rating with each of the three main ratings agencies; and plans and expectations regarding CRH's 2025 full year performance, including net income, Adjusted EBITDA, diluted EPS, capital expenditures, assumed interest expense and assumed effective tax rate. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that may or may not occur in the future and reflect the Company's current expectations and assumptions as to such future events and circumstances that may not prove accurate. You are cautioned not to place undue reliance on any forward-looking statements. These forward-looking statements are made as of the date of this document. The Company expressly disclaims any obligation or undertaking to publicly update or revise these forward-looking statements other than as required by applicable law. A number of material factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements, certain of which are beyond our control, and which include, among other factors: economic and financial conditions, including changes in interest rates, inflation, price volatility and/or labor and materials shortages; industry cyclicality and the demand for infrastructure, residential and non-residential construction and our products in geographic markets in which we operate; increased competition and its impact on prices and market position; increases in energy, labor and/or other raw materials costs; adverse changes to laws and regulations, including in relation to climate change; the impact of unfavorable weather; investor and/or consumer sentiment regarding the importance of sustainable practices and products; availability of, or reductions or delays to, public sector funding for infrastructure programs; political uncertainty, including as a result of political and social conditions in the jurisdictions CRH operates in, or adverse public policy, economic, social and political developments, including the ongoing geopolitical conflicts in Ukraine and the Middle East; failure to complete or successfully integrate acquisitions or make timely divestitures; cyberattacks and exposure of associates, contractors, customers, suppliers and other individuals to health and safety risks, including due to product failures. Additional factors, risks and uncertainties that could cause actual outcomes and results to be materially different from those expressed by the forward-looking statements in this report include the risks and uncertainties described under 'Risk Factors' in Part 1, Item 1A of the Annual Report on Form 10-K 'Risk Factors' in CRH's Annual Report on Form 10-K for the fiscal year ended December 31, 2024 as filed with the SEC and in CRH's other filings with the SEC. Tom Holmes Head of Investor Relations tholmes@ Lauren Schulz Chief Communications Officer lschulz@
Business Journals
01-08-2025
- Business Journals
Here's how Houston's energy future is reaching new heights (literally)
Suspended safely hundreds of feet in the air, a specialized services technician carefully maneuvers along the exterior of a massive storage tank within one of Houston's sprawling industrial complexes. With precision and confidence, the technician safely conducts a critical inspection that would have traditionally required significant production downtime and substantially higher costs. This is rope access in action — a method that's changing how energy and petrochemical facilities handle maintenance, repairs, and inspections in hard-to-reach places. Rope access is a method of working at height that uses ropes and specialized equipment to reach difficult-to-access locations without the need for traditional access methods like scaffolding or cranes. Many rope access providers also cross-train skilled craftspeople such as welders, pipefitters, and ironworkers in rope access techniques. expand Overcoming access challenges For Houston's energy sector, every second of downtime can affect the bottom line. Rope access offers several practical benefits that extend beyond simply reaching elevated or confined spaces: Cost efficiency: By reducing the need for extensive scaffolding or heavy lift equipment, rope access can minimize associated costs and production downtime. For facilities along the Gulf Coast, these savings can be substantial. Safety advantages: With lower risk compared to some traditional access methods, reduced workplace congestion, and minimal equipment footprint, rope access can improve overall job site safety when properly implemented. Operational versatility: Rope access works well for accessing complex structures and confined spaces across industries critical to Texas, including petrochemical, power generation, and LNG. The method also adapts to various weather conditions. Delivering results at height Turner Specialty Services' (TSS') rope access group is the largest and most experienced on the Gulf Coast. Their craft-certified rope access technicians offer a vast array of mechanical capabilities, including pipefitting, boilermaking, welding, ironwork, electrical and instrumentation installations, valve maintenance, rigging, and more. Beyond mechanical tasks, they also provide complete inspection services, from advanced NDE and CUI program management to ultrasonic thickness testing and API/AWS inspections. expand TSS' expertise is demonstrated by a portfolio of successful projects in Texas and across the Gulf Coast: Facility demolition and repair: At a Texas chemical plant, TSS completed heavy mechanical work, including demolishing 200 feet of steam line and conducting external inspections and welding repairs, all without incident. Emergency infrastructure repair: A four-person TSS rope access team performed a temporary repair on a massive storage dome, installing over 500 concrete anchors to prevent further damage from high winds. Large-scale construction support: During the construction of a new polyethylene plant in the region, a team of 22 multi-crafted TSS rope access technicians completed 100,000 work hours with zero recordables, performing fabrication, structural installations, and cable tray work. Specialized remediation: At a Louisiana refinery, TSS rope access technicians safely removed over 100,000 pounds of deteriorating fireproofing material from structures in an active process unit. Elevating industry standards As facilities continue to seek more efficient and safer ways to maintain their critical infrastructure, rope access services offer a solution that combines cost savings, safety, and quality. For more information on Turner Specialty Services' rope access capabilities, visit
