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		EuropeTotal
For the three months ended June 30, 2026
Net sales$859.8 $305.1 $153.3 $156.4 $1,474.6 
Cost of goods sold525.7 208.2 86.1 105.9 925.9 
Gross profit334.1 96.9 67.2 50.5 548.7 
Selling, general and administrative expenses105.4 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, net1.1 
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 sold401.3 69.3 92.4 563.0 
Gross profit240.5 52.3 44.1 336.9 
Selling, general and administrative expenses76.0 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)20262025
Siding & Trim$68.5 $43.6 
Deck, Rail & Accessories80.9 — 
Australia & New Zealand6.7 5.2 
Europe10.2 6.8 
General Corporate and R&D2.5 0.9 
Total$168.8 $56.5 

Capital Expenditures
Three Months Ended June 30,
(Millions of U.S. dollars)20262025
Siding & Trim$49.2 $73.9 
Deck, Rail & Accessories12.9 — 
Australia & New Zealand14.3 13.7 
Europe10.3 12.9 
General Corporate and R&D3.1 2.7 
Total$89.8 $103.2