CRH plc (NYSE:CRH) Q3 2024 Earnings Conference Call November 7, 2024 8:00 AM ET

Company Participants

Albert Manifold - Group Chief Executive
Tom Holmes - Head of IR
Randy Lake - COO
Jim Mintern - CFO and CEO

Conference Call Participants

Anthony Pettinari - Citigroup
Keith Hughes - Truist
Kathryn Thompson - Thompson Research
Ross Harvey - Davy
Gregor Kuglitsch - UBS
Trey Grooms - Stephens

Operator

Good day, and welcome to the CRH plc Q3 2024 Results Presentation. My name is Jay, and I'll be your operator today. [Operator Instructions]

At this time, I'd like to turn the conference over to Albert Manifold, CRH Chief Executive to begin the conference. Please go ahead, sir.

Albert Manifold

Good morning, everyone. Albert Manifold here, CRH Group Chief Executive. And you're all very welcome to our quarter three 2024 results presentation and conference call.

Joining me on the call is Jim Mintern, Group CFO and CEO designate; Randy Lake, Chief Operating Officer; and Tom Holmes, Head of Investor Relations.

Before we get started, I'll hand you over to Tom for some brief opening remarks.

Tom Holmes

Thanks, Albert. Hello, everyone. Before we begin today's proceedings, I'd like to draw your attention to Slide 1, shown here on screen. During today's presentation, we will be making some forward-looking statements relating to our future plans and expectations. These are subject to certain risks and uncertainties and actual results and outcomes could differ materially due to the factors outlined on this slide.

For more details, please refer to this slide, our annual report, and other SEC filings, which are available on our website.

I will now hand you back to Albert, Jim and Randy, to deliver some prepared remarks.

Albert Manifold

Thanks, Tom.

Over the next 20 minutes or so, we'll take you through a brief presentation of the results we've published this morning, highlighting the key drivers of our operating performance for the third quarter of the year, our recent capital allocation activities as well as providing you with an update on our expectations for the year as a whole.

Based on the visibility that we have at this moment in time, we'll also share our thoughts on some of the trends we're seeing across our markets as we look ahead to 2025, and afterwards, we'll be available to take any questions that you may have.

First, on Slide 3, let me take you through some of the key messages from this morning's announcement. I'm pleased to report another robust financial performance, underpinned by the benefits of our differentiated solution strategy. For the third quarter of the year, we delivered strong growth in all key financial metrics, supported by positive pricing momentum and our relentless focus on cost management, all despite having to contend with some significant weather disruption in certain regions.