Brickworks Steps Up Temporary U.S. Closures on Soft Demand
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 25 2024
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Source: WSJ
Sales Decline: Australian manufacturer Brickworks reported a 12% drop in North American sales for the fiscal first quarter compared to the previous year, attributed to weaker market conditions.
Market Trends: The company noted a 10% decrease in total building work in its key regions during August and September, prompting increased temporary closures of its U.S. plants.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
