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(Sharecast News) - Building materials provider CRH shot higher on Tuesday as it reaffirmed its full-year guidance and set out financial targets over the next five years.
In a statement ahead of its investor day in New York, the company said it still expects 2025 adjusted earnings before interest, tax, depreciation and amortisation of between $7.5bn and $7.7bn.
For 2026 to 2030, it expects average annual revenue growth of between 7% and 9%, an adjusted EBITDA margin of between 22% and 24% and average annual adjusted free cash flow conversion of more than 100%.
Chief executive Jim Mintern said: "As the global leader in building materials and the number one infrastructure play in North America, our investor day will showcase how we are raising our ambition to 2030 to deliver the next era of growth and why we are the leading compounder of capital and shareholder value in our industry.
"With $40 billion of financial capacity over the next five years, our superior strategy, enabled by our unmatched scale and connected portfolio, positions us to execute on unrivalled growth opportunities."
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