Similar companies
Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 9.6B | 49.8% |
| Gross Profit | 3.68B | 103.4% |
| Cost of Revenue | 7.93B | 21.4% |
| Operating expense | 1.85B | 9.6% |
| Net Income | 1.3B | 1018.1% |
| EBITDA | 2.16B | 247% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 48.1B | 3.8% |
| Total Liabilities | 26.7B | 4.2% |
| Total Equity | 20.7B | 3.6% |
| Shares Outstanding | 725M | 0.6% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 1.49B | 308.6% |
| Cash from investing | -521M | 75.1% |
| Cash from financing | -339M | 92.6% |
EPS
Financial Highlights for CRH in Q2 '24
CRH reported a revenue of 9.6B, which is a 49.8% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 3.68B, marking a 103.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 7.93B, a 21.4% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 1.85B, showing a 9.6% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 1.3B, showing a 1018.1% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 2.16B, showing a 247% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for CRH with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
