Brickworks MD on Earnings Momentum, Impact Of Covid Restrictions

The transcript discusses the impact of lockdowns on business operations, highlighting a significant drop in sales in New South Wales and Victoria. It covers the company's response to employee safety through vaccination and rapid antigen tests amidst protests in Melbourne. The North American expansion is detailed, focusing on acquisitions and plant consolidations. Finally, the financial performance is reviewed, noting record profits and consistent dividend increases.

What was the immediate impact of lockdowns on the company's sales in New South Wales and Victoria?

• Sales increased by 80%

• Sales fell by 80%

• Sales remained stable

• Sales increased by 20%

How did the company ensure employee safety during the vaccination mandate protests?

• By closing all sites

• By conducting daily rapid antigen tests

• By offering remote work options

• By reducing work hours

What strategic move did the company make in North America during COVID?

• Increased the number of employees

• Stopped all operations

• Reduced the number of plants

• Opened new plants

What was the company's approach to dividends over the years?

• Dividends have been eliminated

• Dividends have been inconsistent

• Dividends have remained steady or increased

• Dividends have been reduced

What challenge did the company face in the US market?

• Excessive government regulations

• High timber costs

• Lack of skilled labor

• Low demand for products