How did CRH's Q1 2024 EPS outperform forecasts?

CRH's Q1 2024 EPS outperformance can be attributed to **Strategic Acquisitions and Market Trends**.

1. **Strategic Acquisitions**: CRH has been making strategic acquisitions, which have likely enhanced its profitability. For instance, the company's shift to establish the United States as its primary operational base has been a key strategic move. Such acquisitions and shifts in strategy often lead to improved operational efficiencies and increased earnings.
2. **Market Trends**: The building materials industry is benefiting from favorable market trends. CRH's forecast of further profit growth in 2025, with an expected EBITDA range of $7.3 billion to $7.7 billion, indicates a positive outlook for the company. Additionally, protectionist policies could further boost the "reshoring" trend, which is beneficial for CRH's North American operations.

In conclusion, CRH's Q1 2024 EPS outperformance can be attributed to its strategic acquisitions and favorable market trends. These factors have likely contributed to the company's improved financial performance and positive earnings outlook.

|code|Ticker|Name|Date|Diluted EPS YoY|Diluted EPS|market_code|
|---|---|---|---|---|---|---|
|CRH|CRH.N|CRH|2023 Q2||1.62|169|
|CRH|CRH.N|CRH|2023 Q3||1.8|169|
|CRH|CRH.N|CRH|2024 Q1|420|0.16|169|