Latest news with #CRH
Irish Post
3 days ago
- Business
- Irish Post
Leading Irish building materials supplier pilots new cement technology in UK
AN Irish firm which is a leading global building materials supplier is piloting new technology at its UK operations which could decarbonise the cement production process. Dublin headquartered CRH, which has offices around the globe, is partnering with Material Evolution, a leader in advanced materials science, to pilot its alkali fusion technology in cement production. 'At the core of this innovation is MevoCem – a next-generation cement technology created through a unique mechano-chemical process,' the firm explains. 'Unlike traditional methods, this approach requires no heat as part of the cement production process,' they explain. 'Instead, it uses alkali fusion to activate non-reactive and less-reactive materials such as various industrial byproducts. 'With the addition of water, these materials behave like traditional cement." CRH will pilot the new technology at its UK-based firm Tarmac (Pic: CRH) CRH will pilot the use of MevoCem at its UK-based firm, Tarmac – which provides building materials to projecgts across the country. 'The project aims to demonstrate MevoCem's performance under a new set of performance-based guidelines developed by the British Standards Institution with the objective of making it simpler to use advanced cement technologies like MevoCem in everyday construction projects.' A CRH spokesperson said. The firm claims their innovation has the potential to offer a 'range of benefits for the cement industry'. These include turning underutilised materials into high-performance cements, simplying the cement production process and 'giving new life to materials previously considered as waste'. 'What's more, by eliminating heat, the process reduces the production of carbon emissions by up to 85 per cent compared to traditional Portland cement," the firm adds. See More: CRH, Cement, Mevocem, Tarmac
Yahoo
3 days ago
- Business
- Yahoo
CRH (CRH) Stock Drops Despite Market Gains: Important Facts to Note
CRH (CRH) closed at $92.88 in the latest trading session, marking a -1.39% move from the prior day. This change lagged the S&P 500's daily gain of 0.32%. On the other hand, the Dow registered a gain of 0.53%, and the technology-centric Nasdaq increased by 0.26%. Shares of the building material company witnessed a gain of 4.88% over the previous month, beating the performance of the Construction sector with its gain of 4.6%, and the S&P 500's gain of 4.51%. Market participants will be closely following the financial results of CRH in its upcoming release. The company plans to announce its earnings on August 6, 2025. The company is expected to report EPS of $1.84, down 0.54% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $10.33 billion, indicating a 6.99% increase compared to the same quarter of the previous year. For the full year, the Zacks Consensus Estimates are projecting earnings of $5.64 per share and revenue of $38.11 billion, which would represent changes of +4.64% and +7.14%, respectively, from the prior year. Investors should also take note of any recent adjustments to analyst estimates for CRH. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.06% lower within the past month. CRH is currently sporting a Zacks Rank of #3 (Hold). Valuation is also important, so investors should note that CRH has a Forward P/E ratio of 16.69 right now. This valuation marks a discount compared to its industry average Forward P/E of 18.29. We can also see that CRH currently has a PEG ratio of 1.46. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. CRH's industry had an average PEG ratio of 1.95 as of yesterday's close. The Building Products - Miscellaneous industry is part of the Construction sector. This group has a Zacks Industry Rank of 68, putting it in the top 28% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Keep in mind to rely on to watch all these stock-impacting metrics, and more, in the succeeding trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CRH PLC (CRH) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
NZ Herald
4 days ago
- Business
- NZ Herald
More than half Crown Regional Holdings/Provincial Growth Fund loan book ‘at risk'
CRH chair John Rae noted the increasing proportion of at-risk loans in his foreword to the report. 'While this increase continues the trend from the previous reporting period, it is not unexpected when factoring the challenging macroeconomic environment,' Rae said. 'It is also important to remind ourselves that the space that the funds are almost universally targeted is into areas that banks and other financiers are either unwilling, or on a very limited basis, prepared to support – which makes our investments inherently more subject to risk.' CRH's single largest exposure is the expansion and development of Ōpōtiki Harbour, where $110m has been spent to date. While loans make up the bulk of CRH outgoings, it has also made equity investments in regional businesses – such as the $52m tipped into loss-making Whakatōhea Mussels Ōpōtiki. Revaluation of CRH's equity portfolio wasn't all one-way in the 2024 financial year. The 2023 report had impaired a $7m equity investment into lithium and silica extraction startup Geo40 after its main plant suspended production and there were 'material indicators of uncertainty in the going concern of the entity'. By 2024, however, Geo40 had resumed production and a secondary market share sale had allowed CRH to revalue its equity stake to $6.2m. Geo40 is also the recipient of $10m in loans from CRH. The release of CRH's 2024 annual report was held up for nearly a year over how to assess its loan and investment portfolio. Audit NZ said it needed to 'ensure that the risks associated with these complexities are addressed appropriately'. At the end of May, CRH said it was expecting the report to be published in 'mid-June'. In early July, the Ministry of Business, Innovation and Employment said the report would soon be tabled to Parliament, which finally happened on July 10. The Audit Note attached to the 2024 report is identical to that filed the previous year, including an emphasis on matters regarding uncertainty in estimating the value of loans and securities and how discount rates and expected credit losses are determined. The next report is likely to see more write-downs, with CRH flagging a further three loan recipients have entered liquidation since balance date. In November 2023, CRH approved a loan of up to $5m for Hawke's Bay cherry producer Cherri Global to help the company recover after Cyclone Gabrielle. Less than 18 months later Cherri collapsed into liquidation. The first report by liquidators PwC showed CRH is among unsecured creditors owed $42m by the Cherri group. Ashburton-headquartered plant-based food manufacturer Sustainable Foods had been advanced $1.4m by CRH. Sustainable Foods entered voluntary administration in August. Its proposal to restructure its debts was voted down at the watershed meeting in November and the company had liquidators from PwC appointed. Despite a general security agreement, the liquidator's second report said the CRH loan was likely to face an $895,616 shortfall. Overall, Sustainable Foods is expected to leave all creditors more than $2.5m short. Timber wholesaler Guru NZ was tipped into liquidation in February. CRH is listed as one of six unsecured creditors who are collectively owed $773,085. Receivers were separately appointed to Guru in March by the China Construction Bank which sought repayment of $3.1m. The first receivers' report, prepared by McGrathNicol, said Guru owed a total of $14m to creditors and an estimated shortfall of $7.7m would mean unsecured creditors would be left with nothing. Matt Nippert is an Auckland-based investigations reporter covering white-collar and transnational crimes and the intersection of politics and business. He has won more than a dozen awards for his journalism – including twice being named Reporter of the Year – and joined the Herald in 2014 after having spent the decade prior reporting from business newspapers and national magazines.
New Indian Express
5 days ago
- Business
- New Indian Express
TN can save Rs 16K crore in 5 years by harnessing floating solar power: Report
CHENNAI: Tamil Nadu can unlock savings of over Rs 16,000 crore in five years by harnessing floating solar photovoltaic (FPV) systems across 57 major reservoirs, finds a new report by Climate Risk Horizons (CRH). The 3.5 GW FPV capacity could replace 1.68 GW of high-cost coal-based power from the ageing North Chennai and Thoothukudi thermal power plants. The 57 large category dams chosen for analysis have a total surface area of 35,486 acres when their water levels are at their annual minimum. The analysis suggests that utilising just 40% of this minimum recorded water area would yield an installed capacity of 3.55 GW of FPV assuming a requirement of 4 acres/MW. The report estimates that electricity from FPV would cost just Rs 3.16 per unit less than half the average tariff of state coal power plants, which stands at Rs 7.12/kWh. This transition could save the Tangedco Rs 3,211 crore annually, providing much-needed relief to the debt-laden utility. 'Tangdco's power purchase model, dominated by expensive coal-based energy, has been a massive financial drain,' said Ashish Fernandes, CEO of Climate Risk Horizons and co-author of the report. 'FPV is not only cheaper, but also avoids land acquisition hurdles and curbs water evaporation from reservoirs.'
Yahoo
10-07-2025
- Business
- Yahoo
Morgan Stanley Raises CRH (CRH) Price Target to $110 on EBITDA Growth
CRH PLC (NYSE:) is one of the top 10 materials stocks to buy according to analysts. On June 30, Morgan Stanley increased its price target on CRH to $110.00 from the previous $106.00. The firm continues to hold an 'Overweight' rating on CRH stock. A pile of cement on the top of the wheelbarrow in construction site. Morgan Stanley based their decision on CRH's EBITDA growth. The analysts cited a 1% increase in CRH's FY25 EBITDA forecast and a 2% increase for FY26. These increases, the firm noted, are driven by a weaker U.S. dollar, which boosts the EBITDA of CRH's International Solutions segment. The firm's FY25 EBITDA estimate is 3% above the Visible Alpha consensus, primarily due to CRH's recent merger and acquisition activities, which are expected to enhance financial performance. The new price target of $110, according to Morgan Stanley, reflects a 'rerating of sum-of-the-parts peers.' For Q2 2025, Morgan Stanley forecasted EBITDA of $2.41 billion, aligning with consensus estimates. However, they expect lower year-over-year EBITDA margins due to reduced land sales in the Americas Materials segment, the impact of the Adbri acquisition in the International Solutions segment, and continued negative organic trends in the Americas Building Solutions segment. CRH PLC (NYSE:CRH) is a global leader in the building materials industry. The company is headquartered in Dublin, Ireland, and supplies aggregates, cement, asphalt, and concrete products for infrastructure, commercial, and residential projects. It operates across North America, Europe, and Australia, serving critical sectors such as transportation, energy, and telecommunications. CRH's strategic shift toward North America, robust cash flows, and exposure to long-term infrastructure spending are key reasons for its inclusion among top-rated materials stocks. While we acknowledge the potential of CRH as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Organic Food and Farming Stocks to Buy Now and 13 Best Blue Chip Stocks to Buy According to Analysts. Disclosure: None.
