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.

For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

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

Video Transcript

[AUDIO LOGO]

SEANA SMITH: Shares of building materials company CRH hitting a record high this morning. You can see the stock up just about 4%. The company reporting its full-year earnings results.

Now, they were driven by demand for construction projects, also improved pricing strategies helping to lift their most recent numbers. So for more, we want to bring in the CEO of CRH. We have Albert Manifold joining the conversation.

Albert, it's great to have you here. So I want to start with inflationary costs. It was one of the things that was pointed out within your report here saying that despite the continued inflationary cost pressures throughout the year, you were able to expand your margins and you were also able to deliver further growth in profits. How, how are you navigating the very persistent inflationary environment right now? And what does that mean for your business in the long run?

ALBERT MANIFOLD: Well, first of all, Seana, thank you for taking the time to talk to us this morning. And as you said, we announced our results this morning and the reaction on the stock market is a reaction to a very strong set of results with revenues ahead by 7%, EBITDA ahead 15%, and EPS ahead by 30%. That's our 10th consecutive year of both profit and margin growth. So the business is really humming.

With regard to your comment on inflationary costs, our business really is a business that actually provides more complex construction solutions rather than commodity products. So we're always working on increasing the value we give to our customers, we serve our customers with. We don't just provide basic commodity products, we actually turn those basic materials into complex construction solutions. So we get paid for the value and that's how we've been able to drive the margin last year and indeed for the nine previous years.