EXPLAINED: 3 - The Real Truth

Despite the supply shortages and higher transportation costs being caused by the Russia-Ukraine war, rising demand with the reopening of the global economy should drive the building materials industry’s growth. So, we think it could be wise to bet on oversold building materials stocks CRH (CRH) and CEMEX (CX), which…

CRH PLC (NYSE:CRH) reported FY21 sales growth of 12.3% year-over-year to $30.98 billion, +8% on an organic basis. Sales by segments: Americas Materials $12.41 billion (+10.1% Y/Y), Europe Materials $10.58 billion (+15.7% Y/Y), and Building Products $7.99 billion (+11.4% Y/Y). The gross margin expanded by 64 bps to 33.9%. Operating profit increased by 58.4%…