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News Displaying items by tag: Results

Gypsum industry news

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Sika’s sales grow by 13.7% to Euro6.3bn in 2018

08 January 2019

Switzerland: Sika’s sales grew by 13.7% year-on-year to Euro6.3bn in 2018 in local currencies. It reported above-average growth rates in Eastern Europe, Africa, the Middle East, US, Indonesia, India, China, and in its Global Business segment.

“With 11 new factories, an additional national subsidiary and four acquisitions, we have invested a great deal in our supply chain in the past year so that we can benefit from the growth in global construction markets and further expand our market position,” said chief executive officer (CEO) Paul Schuler.

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GMS benefits from Titan acquisition and rising prices

05 December 2018

US: GMS’s half-year wallboard sales have risen due to its acquisition of Canada’s Titan on 1 June 2018 and rising prices. Its wallboard sales rose by 14% year-on-year to US$652m in the half year to 31 October 2018, from US$573m in the same period in 2017. Overall, the wallboard distributor’s net sales increased by 25% to US$1.61bn.

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Continental Building Products’ sales rise on demand

12 November 2018

US: Continental Building Products’ net sales increased by 8% year-on-year to US$387m in the first nine months of 2018 from US$358m in the same period in 2017. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 13% to US$111m from US$98.8m. Its wallboard sales volumes grew by 7% to 67Mm2 from 62.6Mm2. it attributed the growth in sales volumes to ‘strong’ demand in its markets.

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Eagle Materials raises sales revenue on higher wallboard prices in first half

02 November 2018

US: Eagle Materials’ sales revenue from gypsum wallboard rose in the first half of its financial year to 30 September 2018 due to higher prices. Its revenue from wallboard grew by 9% year-on-year to US$272m from US$250m. Its wallboard sales volumes increased by 3% to 124Mm2 from 121Mm2. The building materials producer said that Hurricane Florence had disrupted its southeastern markets reducing salese in the second quarter. Overall, the company’s sales across all businesses rose.

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USG’s profit takes a hit in first nine months of 2018

29 October 2018

US: USG’s operating profit fell by 30% year-on-year to US$190m in the first nine months of 2018 from US$270m in the same period in 2017. The building materials company blamed this on rising costs in the third quarter, arising from transport costs and non-production costs linked to its Customer-First strategy. Despite this, net sales rose by 6% to US$2.52bn from US$2.37bn.

The company is currently being acquired by Germany’s Knauf. The takeover is expected to complete in early 2019. In its third quarter financial report USG said that Boral had started proceedings in late August 2018 to determine the value of the USG Boral joint venture. This process could lead to Boral exercising its right to purchase USG’s 50% interest in USG Boral.

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BNBM revenue rises by 17% to US$1.37bn so far in 2018

29 October 2018

China: Beijing New Building Materials’ (BNBM) operating revenue rose by 17% year-on-year to US$1.37bn in the first nine months of 2018. Its net profit grew by 31% to US$293m. However, both revenue and profit fell in the third quarter of 2018.

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Saint-Gobain’s Interior Solutions division benefits from increased prices

26 October 2018

France: Saint-Gobain’s Interior Solutions division’s net sales grew by 4.2% year-on-year to Euro5.33bn in the first nine months of 2018 from Euro5.11bn in the same period in 2017. The group said that division performance in the third quarter of 2018 was driven by pricing. Western Europe progressed slightly despite lower volumes in the UK. In North America, the acceleration in price increases in the quarter reduced sales volumes. Asia and emerging countries reported good growth. Overall, the group’s sales rose by 1.8% to Euro31.1bn from Euro30.6bn.

“Saint-Gobain continues along its growth trajectory despite a tough comparison basis in the third quarter of 2017. Our focus on increasing prices – critical in an inflationary environment – continues to pay off. The industrial issues that had weighed on our profitability in the first half of the year are largely behind us,” said Pierre-André de Chalendar, chairman and chief executive officer (CEO) of Saint-Gobain.

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USG Boral’s earnings hit by competition in Indonesia, Thailand and Vietnam

30 August 2018

Australia: USG Boral’s earnings have been hit by competition in Indonesia, Thailand and Vietnam, higher input costs including paper and a one-off cost. Earnings before interest, taxation, depreciation and amortisation (EBTIDA) were negatively affected by a one-off cost of US$8m associated with a three-month closure of the port of Thevenard in South Australia and an unfavourable operational reserve adjustment in India. Its EBITDA fell by 6% year-on-year to US$196m in the financial year to 30 June 2018 from US$207m in the same period in 2017.

However, despite this its sales revenue rose by 7% to US$1.15bn from US$1.08bn. This was attributed to continued adoption of its Sheetrock products and technical board in Australia, Korea, China and Thailand. Overall board volumes increased by 3% year-on-year and technical board, which represents 20% of volumes, grew by 20%. Gypsum wallboard volumes grew in Australia and China, and ‘strong’ price gains were achieved in South Korea and China.

“This long-term growth business has delivered impressive and uninterrupted year on year growth since the formation of the joint-venture in 2014, with FY2018 being a consolidation year. Australia, Korea and China delivered strong top line growth in FY2018, offsetting pressures in countries such as Indonesia, Thailand and Vietnam and some unexpected one-off cost impacts,” said chief executive officer and managing director Mike Kane. He added that the company is currently considering an expanded joint-venture with Germany’s Knauf in relation to its proposed acquisition of USG. However, Boral is also considering a return to 100% Boral ownership.

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CNBM gypsum wallboard sales rise slightly so far in 2018

28 August 2018

China: China National Building Material’s (CNBM) gypsum wallboard sales rose by 1.5% year-on-year to 866Mm2 in the first half of 2018 from 853Mm2 in the same period in 2017. Its wallboard production remained stable at 874Mm2. Average wallboard prices at both of its New Materials division subsidiaries also increased.

The group’s sales revenue from its New Materials division rose by 10.3% to US$1.66bn from US$1.5bn. Its adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 30% to US$452m from US$346m. Overall, group sales revenue rose by 22% to US$14bn from US$11.5bn.

The company said that its BNBM subsidiary set up a company, Tanzanian Company Limited, in Tanzania and that BNBM refocused Wanjia Building Materials for the global market

CNBM’s subsidiaries that produce gypsum wallboard include BNBM and Taishan Gypsum.

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Continental Building Products sales volumes rise on demand

03 August 2018

US: Continental Building Products’ net sales in the second quarter of 2018 have risen due to higher gypsum wallboard sales volumes driven by ‘strong’ demand. The company reported an 11.6% increase year-on-year on wallboard volumes to 67Mm2 from 60Mm2. Its net sales rose by 6% to US$256m in the first half of 2018 from US$241m in the same period of 2017. Its net income rose by 44% to US$35.5m from US$24.6m.

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