Investor Outlook: Housing slowdown pressures building materials demand
BNN Bloomberg
Doman Building Materials CEO Amar Doman discusses weak housing starts, lumber prices and the company’s strategy to grow market share in North America.
BNN Bloomberg spoke with Amar Doman, CEO of Doman Building Materials, about the company’s growth strategy, market share gains and demand trends across North America’s building products sector.
Read the full transcript below:
ANDREW: The revenue and profit at Doman Building Materials missed estimates in the latest quarter, and lower prices for construction materials and a slower pace of home construction weighed on the results. We’re joined by Amar Doman, CEO of Doman Building Materials. Amar, it’s great to see you once again.
AMAR: Great to see you. Thanks for having me.
ANDREW: Just remind us — you’re the emperor of pressure-treated lumber. Is that your entire business in North America? Do you have the pressure-treated stuff, or do you sell regular lumber as well?
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