Building materials business BLD delivered an excellent FY result in August with a beat on margins in similar fashion to JHX, plus for good measure forward guidance was strong. The building industry may be facing headwinds as concerns remain around a potential recession but they have made the likes of JHX and BLD more efficient leaner businesses.
- We think BLD will struggle to advance in a meaningful way above $5 but we did like last month’s result.
MM is neutral/bullish toward BLD
Add To Hit List
