February 29, 2024 10:46 GMT
CRH (Baa1/BBB+) FY Results
BASIC INDUSTRIES
Good results and outlook, leverage remains low.
- Overall small positive for spreads.
- FY revenue in line, EBITDA beat by +3%.
- Leverage steady YoY at 0.9x. FCF +4% YoY.
- Outlook looks firm with ahead of consensus net income forecast. Midpoint of Adj. EBITDA forecast +8% YoY. Capex forecast +33% above consensus.
- Call 8AM EST https://app.webinar.net/O9vXbMwmx6Ecn
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