Eagle Materials Announces Strategic Review of Business Portfolio: ir.eaglematerials.com/news-releases/…

Lower Mortgage Rates Help New Home Sales Rise of 4.5% in March: gypsumtoday.com/news/archives

Knauf Completes Acquisition of USG: usg.gcs-web.com/news-releases/…

Armstrong Ceilings Reports Industry Leading 22.6% EBIT Operating Margin in Latest Quarter: armstrongworldindustries.com/en-us/press-re…

Distributor BMC Reports 3.6% EBIT Operating Margin in Latest Quarter: gypsumtoday.com/news/archives

Wallboard Manufacturer Continental Reports 18.9% EBIT Operating Margin in Latest Quarter: investor.continental-bp.com/about-us/inves…

Distributor BFS (Builders First Source) Reports 4.4% EBIT Operating Margin in Latest Quarter: gypsumtoday.com/news/archives

Beacon Roofing Supply (note: includes Allied) reports 3.8% EBIT and 4.8% Net Income Loss in Latest Quarter: ir.beaconroofingsupply.com/news-releases/…

Foundation Building Materials (FBM) Reports 3.0% EBIT Operating and 1.2% Net Income Margins in Latest Quarter: investors.fbmsales.com/file/Index?Key…

LP Reports 13% Growth and 14% EBIT Operating Margin in Siding & Trim Segment Last Quarter: lpcorp.gcs-web.com/news-releases/…

Webb Analytics reporting Publicly traded GMS Valuation Multiple 6.47 and FBM Valuation Multiple 5.09. Acquisitions at EBITDA multiple significantly above these (i.e. 7-9) would be destroying shareholder value and those acquisitions significantly below (i.e. 3-5) theory would help

American Gypsum Reports Industry Leading 32.6% EBIT Operating Margin Results in latest Jan-March 2019 Quarter: ir.eaglematerials.com/news-releases/…

U.S. Consumer Confidence hit 15 High in early May before escalation of Trade War: reuters.com/article/us-usa…

James Hardie Reports 22.5% EBIT Operating Margin and Relatively flat 1% volume growth in North American Fiber Cement Business in Jan-March '19 quarter: ir.jameshardie.com.au/jh/results_bri…

Home Depot Exceeds Profit Expectations but below same store sales growth in latest quarter: finance.yahoo.com/news/home-depo…

Housing Starts Up 5.7% in April to 1.235 Million with Home Sales Down 4% year to date: cnbc.com/2019/05/16/hou…

Lowe's Same Store Sales Up 4.2% at Cost of Profit Bottom Line: Stock Drops 8%: cnbc.com/2019/05/22/low…

New Home Sales Declined in 4th Quarter '18 and April '19 but up approximately 6% YTD 2019: bloomberg.com/news/articles/…

AD to Host Finance & HR Summit for Independent Distributors June 3-5 in St.Paul, MN: adhq.com/about/ad-news/…

Eagle Materials Announces Plan to Separate Cement and American Gypsum Wallboard Business for expected Shareholder Benefits: ir.eaglematerials.com/news-releases/…