business / news / / The Irish Times
CRH said it has entered a $700 million deal to buy a US water treatment solutions company.
CRH is acquiring Axius Water for $700 million to expand its US water infrastructure presence.
KEY POINTS
- CRH is selling three noncore businesses for a combined $1.9 billion to recycle capital.
- CRH's Q1 revenues rose 9% to $7.4 billion, outperforming analyst consensus by 4%.
- CRH's Americas materials solution division achieved 21% sales growth in the first quarter.
- CRH maintains full-year adjusted Ebitda guidance of $8.1-$8.5 billion despite macroeconomic uncertainty.
COMPANIES
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