Boral Ltd (OTCPK:BOALF)

$ 4.07 0 (0%) Market Cap: 4.23 Bil Enterprise Value: 4.28 Bil PE Ratio: 35.89 PB Ratio: 3.02 GF Score: 67/100

Boral Ltd Investor Update on North American Windows Business Conference Call Transcript

Dec 05, 2019 / 09:30PM GMT

Release Date Price: $3.46

Transcript

Operator

Ladies and gentlemen, thank you for standing by and welcome to the Boral Limited Investor Update Call. (Operator Instructions) Please be advised that today's conference is being recorded.

I would now like to turn the conference over to your first speaker today, Mr. Mike Kane, Boral's CEO and Managing Director. Thank you, sir. Please go ahead.

Michael Kane;CEO

MD & Director,

Thank you. Good morning, this is Mike Kane. And as we promised late yesterday, we're going to take you through what we know at this point in terms of our investigation. I will take you through the ASX announcement because it has the complete limits of what we know in the current investigation, which is still incomplete. We advise that we've identified certain financial irregularities in the North American Windows business, involving misreporting, including in relation to inventory levels and raw material and labor costs at our Windows plants in the U.S.

With oversight by the Board and senior management, a privileged and confidential investigation is

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