CSR Earnings: Strong Backlog Shielding Sales From Housing Construction Slowdown

CSR is one of Australia’s leading building materials companies, producing bricks, plasterboard, insulation, fibre cement, and aerated autoclaved concrete. CSR manufactures and distributes widely recognized building product brands such as Gyprock plasterboard, PGH bricks, Monier roof tiles, Bradford insulation, and Hebel panels. CSR also holds a 25% effective interest in the Tomago aluminum smelter, with joint venture partners Rio Tinto Alcan and Hydro Aluminium. Property development of surplus and excess land is also a key valuation driver, with a property portfolio valued at over AUD 1.5 billion.