Cement News tagged under: Boral

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Wagners suspends cement supply to Boral

19 March 2019, Published under Cement News

Wagners Holding Co Ltd has suspended the supply of cement to Boral Ltd for six months after Boral had issued a third-party pricing notice to Wagners under their cement supply agreement. Boral has seen that it can obtain cement supplies cheaper than the price Wagners is offering. Boral's market price is in the form of an unsigned offer and Wagner's believe it may not be genuine. Wagners has commenced a formal process to disrupt the validity of the action, says Proactive Investors. Wagners...

Boral releases revised FY19 guidance

06 February 2019, Published under Cement News

Boral Ltd announced that it expects net profits after tax for 1HFY19 to be around AUD200m (US$142.6m) and EBITDA to be approximately AUD483m. Excluding the impact of lower earnings due to the sale of Denver Construction Materials (in July 2018) and Texas Block (in November 2018), EBITDA for the 1HFY19 is expected to be broadly steady. EBITDA growth from Boral North America is likely to be offset by lower earnings in Australia and a lower contribution from USG Boral. Boral's FY19 EBITDA is ...

Boral posts 49% net profit surge in FY18

30 August 2018, Published under Cement News

Australia’s Boral has announced a 49 per cent YoY surge in in net profit to AUD441m (US$322.45m) for the FY18 ended 30 June. Sales revenue increased 34 per cent to AUD5.9bn, while EBITDA advanced 47 per cent to AUD1.06bn. The significant earnings growth has been attributed to the acquisition of Headwaters Inc in the US, alongside Australia’s booming construction market, according to a press release. "In recent years we have worked to initially fix and then transform Boral’s portfolio to ...

Boral reports strong 1H performance

13 February 2018, Published under Cement News

Boral's turnover for the six months to the end of December jumped by 40.3 per cent to AUD2937m (EUR1868m/US$2312m), helped by the acquisition of the Headwaters business in North America and by a strong performance from Boral Australia.  EBITDA advanced by 50.1 per cent to AUD500m (EUR318m) while the trading profit increased by 49.8 per cent to AUD316m (EUR201m). After a net interest charge 85.23 per cent higher at AUD50m (EUR31.8m) the pretax profit improved by 44.6 per cent to AUD266m (E...

Boral to set up new clinker grinding facility

23 October 2017, Published under Cement News

An application for a new clinker grinding facility at North Shore, Geelong, in Australia's state of Victoria, has been approved by the Environmental Protection Agency (EPA). Boral Cement made an application for the 24h facility in July, which will have an output of 1.3Mta of cement. Boral’s application said clinker would be unloaded from ships and delivered to the site via covered belt conveyors from Lascelles Wharf. Following processing, finished product would be transported to Victoria v...

BAML: Boral best placed to benefit from Australia’s infrastructure boom

11 October 2017, Published under Cement News

ASX investors looking to benefit from the AUD100bn infrastructure boom could do well by placing their bets on Boral, according to analysts at Bank of America Merrill Lynch (BAML). The cement producer’s comparative advantage lies in its exposure to the infrastructure spend over the next decade, combined with expanding profit margins in the US. BAML building materials analyst Sophie Spartalis said in a report on the large ASX-listed building and construction stocks that Boral is the "to...

Boral sees benefits flowing from US Headwaters acquisition

31 August 2017, Published under Cement News

Boral's turnover in its financial year to the end of June 2017 edged up by 1.8 per cent to AUD4388m (EUR2919m/US$3466m) and EBITDA improved by 11.6 per cent to AUD720m (EUR479m). The trading profit advanced by 15.6 per cent to AUD460m (EUR306m) and after a net interest charge some 20 per cent lower at AUD51m (EUR34m) the pretax profit rose by 22.1 per cent to AUD409m (EUR272m). The net attributable profit advanced by 16 per cent to AUD297m (EUR197m). Net debt at the end of June was 261 pe...

Boral bids for 24h mill at Geelong

28 July 2017, Published under Cement News

Australian cement producer Boral has applied to the Australian Environmental Protection Authority to run a 24h grinding mill in Geelong’s north. The new facility at the proposed North Shore site will have a capacity of 1.3Mta. “(The new site) is directly adjacent to the wharf complex, which would allow efficient unloading of clinker from ships,” a Boral spokesman said when the company first raised the concept late last year. “Importantly, the site is also surrounded by other large ­in...

Boral receives final approval for Headwaters acquisition

05 May 2017, Published under Cement News

Australian building materials supplier Boral has received final US approval for its US$2.6bn (AUD3.5bn) acquisition of US firm Headwaters Inc. The US Federal Trade Commission approved the deal, which will result in Headwaters merging with Boral's existing US business to create a new division called Boral North America. Boral expects that the transaction will close within two business days, and the Headwaters financial results will be consolidated from this time. Commenting on the deal, ...

Boral's Australian cement turnover declines

16 February 2017, Published under Cement News

Boral's turnover for the six months to the end of December declined by 4.6 per cent to AUD2093m (EUR1497m), largely reflecting the transfer of US Bricks to joint venture status and the completion of two LNG projects as well as the decline in Western Australia. EBITDA improved by 3.5 per cent to AUD333m (EUR238m) while the trading profit advanced by 5.5 per cent to AUD211m (EUR151m). After a net interest charge 12.9 per cent lower at AUD27m (EUR19m) the pretax profit improved by 8.9 per ce...