CRH predicts annual earnings of up to €6.6bn as Q2 profits climb 9%
Chief executive Jim Mintern and chair Richie Boucher at CRH's AGM earlier this year. On Wednesday, the company reported a 9% rise in second quarter core profit. Picture: Naoise Culhane
Irish construction giant CRH expects the market for supplementary cementitious materials (SCM), a low-carbon alternative to cement, to double in the United States by 2050, its chief executive said on Wednesday.
CRH is now the largest building materials producer in the US and CEO Jim Mintern made the comments after the industrial giant reported a better than expected 9% rise in second quarter core profit and forecast full-year earnings of $7.5bn (€6.4bn) to $7.7bn (€6.6bn), versus a prior range of $7.3bn to $7.7bn.
