XML 80 R20.htm IDEA: XBRL DOCUMENT
v3.26.1

Segment Information | 3 Months Ended
--- | ---
Jun. 30, 2026
Segment Reporting [Abstract] |
Segment Information | Segment Information As of June 30, 2026, the Company has four reportable segments: •Siding & Trim segment - Manufactures fiber cement and PVC exterior siding and trim products, as well as moulding, interior linings, and accessories in the United States. These products are sold in the United States and Canada. •Deck, Rail & Accessories segment - Manufactures decking, railing, cladding, pergolas, cabanas and related accessories in the United States. These products are sold in the United States and Canada. •Australia & New Zealand segment - Includes fiber cement products manufactured in Australia. These products are sold in Australia and New Zealand. •Europe segment - Includes fiber gypsum products and cement bonded boards manufactured in Europe, and fiber cement products manufactured in the United States. These products are sold in Europe, primarily Germany, Great Britain and Switzerland. The Company's General Corporate and unallocated R&D costs do not meet the applicable accounting guidance for separate disclosure as a reportable segment, and are reflected as reconciling items to consolidated Net Income. General Corporate costs primarily consist of Asbestos adjustments, officer and employee compensation and related benefits, professional and legal fees, administrative costs, acquisition related costs and rental expense on the Company’s corporate offices, which are not allocated to the reportable segments. Unallocated R&D costs represented the costs incurred by the research and development centers which were costs not directly associated with one of our reportable segments. Beginning July 1, 2025, R&D costs are allocated to the segments. For the three months ended June 30, 2026, $6.1 million was allocated to Siding & Trim, $1.0 million to Australia & New Zealand and $0.2 million to Europe. The following is the Company’s segment information:
|  | Operating Income
(Millions of U.S. dollars) |  | Siding & Trim |  | Deck, Rail & Accessories |  | Australia & New Zealand |  | Europe |  | Total
For the three months ended June 30, 2026 |  |  |  |  |  |  |  |
Net sales |  | $ | 859.8 |  |  | $ | 305.1 |  |  | $ | 153.3 |  |  | $ | 156.4 |  |  | $ | 1,474.6 |
Cost of goods sold |  | 525.7 |  |  | 208.2 |  |  | 86.1 |  |  | 105.9 |  |  | 925.9 |
Gross profit |  | 334.1 |  |  | 96.9 |  |  | 67.2 |  |  | 50.5 |  |  | 548.7 |
Selling, general and administrative expenses |  | 105.4 |  |  | 92.1 |  |  | 19.1 |  |  | 29.4 |  |  | 246.0 |
Restructuring expenses 1 |  | — |  |  | 5.2 |  |  | — |  |  | — |  |  | 5.2 |
Other expenses 2 |  | 13.8 |  |  | 2.9 |  |  | 1.3 |  |  | 0.9 |  |  | 18.9 |
Segment operating income (loss) |  | $ | 214.9 |  |  | $ | (3.3) |  |  | $ | 46.8 |  |  | $ | 20.2 |  |  | $ | 278.6 |
Reconciliation to consolidated net income |  |  |  |  |  |  |  |  |  |
General Corporate costs 3, 4 |  |  |  |  |  |  |  |  |  | (60.9) |
Interest, net |  |  |  |  |  |  |  |  |  | (61.5) |
Other income, net |  |  |  |  |  |  |  |  |  | 1.1 |
Income tax expense |  |  |  |  |  |  |  |  |  | (53.0) |
Consolidated net income |  |  |  |  |  |  |  |  |  | $ | 104.3 |
____________ 1.Exit costs related to the closure of a recycling plant in Oregon. Exit costs primarily consisted of fixed asset impairments, lease exit costs and employee costs. 2.Other expenses represent R&D costs and acquisition related expenses allocated to the segments. 3.Includes acquisition related expenses. 4.Starting July 1, 2025, the Company began allocating R&D costs to the segments.
|  | Operating Income
(Millions of U.S. dollars) |  | Siding & Trim |  | Australia & New Zealand |  | Europe |  | Total
For the three months ended June 30, 2025 |  |  |  |  |  |
Net sales |  | $ | 641.8 |  |  | $ | 121.6 |  |  | $ | 136.5 |  |  | $ | 899.9 |
Cost of goods sold |  | 401.3 |  |  | 69.3 |  |  | 92.4 |  |  | 563.0 |
Gross profit |  | 240.5 |  |  | 52.3 |  |  | 44.1 |  |  | 336.9 |
Selling, general and administrative expenses |  | 76.0 |  |  | 14.2 |  |  | 28.2 |  |  | 118.4 |
Other expenses 1 |  | 3.3 |  |  | 0.3 |  |  | 0.8 |  |  | 4.4 |
Segment operating income |  | $ | 161.2 |  |  | $ | 37.8 |  |  | $ | 15.1 |  |  | $ | 214.1 |
Reconciliation to consolidated net income |  |  |  |  |  |  |  |
General Corporate 2 and Unallocated R&D costs |  |  |  |  |  |  |  | (75.5) |
Interest, net |  |  |  |  |  |  |  | (37.8) |
Other expense, net |  |  |  |  |  |  |  | (11.1) |
Income tax expense |  |  |  |  |  |  |  | (27.1) |
Consolidated net income |  |  |  |  |  |  |  | $ | 62.6 |
____________ 1.Other expenses represent R&D costs and acquisition related expenses allocated to the segments. 2.Includes acquisition related expenses.
|  | Depreciation and Amortization Three Months Ended June 30,
(Millions of U.S. dollars) |  | 2026 |  | 2025
Siding & Trim |  | $ | 68.5 |  |  | $ | 43.6 |
Deck, Rail & Accessories |  | 80.9 |  |  | — |
Australia & New Zealand |  | 6.7 |  |  | 5.2 |
Europe |  | 10.2 |  |  | 6.8 |
General Corporate and R&D |  | 2.5 |  |  | 0.9 |
Total |  | $ | 168.8 |  |  | $ | 56.5 |
|  | Capital Expenditures Three Months Ended June 30,
(Millions of U.S. dollars) |  | 2026 |  | 2025
Siding & Trim |  | $ | 49.2 |  |  | $ | 73.9 |
Deck, Rail & Accessories |  | 12.9 |  |  | — |
Australia & New Zealand |  | 14.3 |  |  | 13.7 |
Europe |  | 10.3 |  |  | 12.9 |
General Corporate and R&D |  | 3.1 |  |  | 2.7 |
Total |  | $ | 89.8 |  |  | $ | 103.2 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for segment reporting. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-42 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 15: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1 Reference 17: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 18: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 19: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 20: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 21: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 22: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/280/tableOfContent Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration