The market liked Boral Limited’s investor presentation

Shares in Boral Limited (ASX: BLD) were up 2.1% to $6.74 at the time of writing after the release of information for an investor presentation in Brisbane today.

Boral is a key supplier of materials to Australia’s infrastructure, residential and commercial construction markets with a leading plasterboard business in Asia and the Middle East.

The Boral investor presentation maintained the company was on target to “deliver continued revenue growth and margin improvements” with a continued focus on cost savings and operational improvements.

Boral announced last week it would offload its Colorado Concrete and Quarries business for $170 million to reduce debt and has been in the news this week for a peripheral issue involving a Boral executive who alleges blackmail by a union boss.

Another key player in the building materials space also in the headlines at present is GWA Group Ltd (ASX: GWA), whose shares are down 2.9% to $3.63 at the time of writing following the announcement of the sale of its door and access systems business this week for $107 million.

CSR Limited (ASX: CSR) shares are faring better today – up 1.8% to $5.38 at the time of writing – with the company’s FY18 results announced this month perhaps improving investor sentiment as the company booked NPAT increase of 16%, revenue up 6% and an EBIT rise of 9%.

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Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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