Shares of building materials supplier CRH plc (CRH) reached a record high despite mixed earnings results. While CRH missed on revenue, it beat adjusted EPS estimates. CEO Albert Manifold joins Yahoo Finance Live to discuss drivers of the company's growth.

Manifold notes they are in their "tenth consecutive year of profit and margin growth" as the business is "humming." Amid inflation, CRH is focused on "increasing the value" beyond commodities for consumers. He highlights CRH's exposure to infrastructure, which is now seeing government spending increase after years of underinvestment. Infrastructure comprises 50% of sales while 25% is non-residential, limiting interest rate sensitivity and fueling gains.

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Editor's note: This article was written by Angel Smith