Tag: BLD

As expected the weaker housing market in Australia has hit Boral with a forecast 5% fall in 2019-20 first-half earnings to about $461 million revealed yesterday.

Shares in building products group, Boral were crunched yesterday by investors tired of the excuses for poor performance from management and the board, especially in Australia.

As forecast in a downgrade earlier this month, building products group Boral has reported a lower interim result because of bad weather in the US and Australia.

A warning yesterday from building products group Boral for weaker than expected earnings for the first half of 2017-19 sent the shares down 6% to 12 month low of $5.30 at one stage before they retraced to close at $5.52, off 1.9% thanks to the big afternoon ASX rally.

Building products group, Boral has lifted final payout two cents a share to 14 cents after revealing a sharp jump in annual profit on for the year to June.

Investors didn’t like the trading update from building products group, Boral on Tuesday.

In a move that will be of considerable interest to local building products giant, Boral, a fight has broken out for control of a key partner, the US gypsum and plasterboard maker, USG as legendary investor Warren Buffett has gone ’hostile’.

Like Cochlear, Boral shares came under early pressure after the building products group reported for the December half year and fell a touch short of some of the optimistic estimates for the company from some investors.

A year ago Boral shareholders heard complaints from management in the August results and the annual meeting about the impact of weeks of wet weather on its operations along the Australian east coast. In fact the delays had a real impact on sales of its building products in these markets for most of 2016-17.

Building materials group Boral is looking for continued sales and profit growth in the US and Australia over the next year after both regions helped the company report another year of solid earnings.

As expected shares in Boral (BLD) fell yesterday after the building materials group resumed trading following completion of an institutional capital raising to help fund the $A3.6 billion purchase of Utah based, Headwaters.

Boral (BLD) will double the size of its US business after it agreed to buy US firm Headwaters for a total of $US2.6 billion ($A3.5 billion) – $US1.8 billion for the company, plus around $US800 million in debt.

The ending of the El Nino dry spell with widespread wet weather across much of the country since May has taken a toll on the revenue and earnings of Boral (BLD).

For some obscure reason, investors took the big stick to Boral shares yesterday, sending them down 6.5% in early trading to $6.87, despite a higher final dividend and a solid earnings report for 2015-16.

Building products maker Boral has reaffirmed its full-year guidance, saying performance at its largest division – construction materials and cement – has been in line with expectations.

Investors were left twixt and tween after the Boral (BLD) annual meeting yesterday. The outlook remains solid and forecasts haven’t changed, and the company hinted at capital management options if there are no acquisitions that fit its criteria.

On the face of it a very solid result from the building materials group Boral (BLD) which boosted earnings 48% and the final dividend by 19%.

Building materials group Boral (BLD) has upgraded its full-year profit expectations thanks to better than expected earnings in June and a higher contribution from property sales.

Boral Ltd (BLD), Australia’s biggest construction materials and building products group, has joined the share buyback club with a plan to repurchase up to $236 million of its shares over the next year.

Construction materials giant Boral (BLD) has lifted dividend after reporting a 23% jump in underlying first half profit to $112 million, thanks to stronger housing markets in the US and Australia.

Boral (BLD) was an early market favourite to ride the building rebound – its shares peaked at a 52 week high of $5.92 in March, but since then they have steadily slid south, closing yesterday at $4.86. They are still slightly higher than when they started the year.

Boral (BLD) returned to reporting positive news in its 2013-14 results yesterday, building on the early signs of improvement which first emerged in the interim figures earlier this year.

And building products group Boral (BLD) produced a mixed update yesterday – a sharply higher first half profit and a warning of a weaker second half.

Shares in building products group Boral (BLD) jumped sharply yesterday after it did a deal to lessen its exposure to the US and European home building industries.

The market loved Boral’s profit announcement yesterday, sending the shares 9% higher at one stage.

Building materials group, Boral, aims to raise about $490 million to fund investments, reduce debt and pay for asset write-downs as it restructures the company under a new CEO.

There's a certain inevitability about Boral, the diversified building products group with exposure to the troubled Australian and US housing markets, as well as the booming resource and infrastructure industries.

The market shrugged off the latest gloomy news and outlook for building products group, Boral which produced a 14.6 per cent decline in interim earnings yesterday and forecast more of the same in the second half.