Boral is an international building products and construction materials group with three strong divisions: the high-performing, well-positioned construction materials business of Boral Australia; USG Boral, a fast-growing plasterboard joint venture in Asia, Australia and the Middle East; and Boral North America, a scaled and growing building products and fly ash business. Employing more than 25,000 employees and contractors, Boral's operations span 850 building and construction materials operating and distribution sites globally.
FY2018 marked a significant year in Boral’s transformation, with the successful integration of the Headwaters business into Boral North America, together with further gains in Boral Australia and consolidation of recent years’ significant growth in USG Boral.
In FY2018, Boral delivered underlying profit after tax (excluding significant items) of $473 million, a significant 38% increase on the prior year. We also achieved acquisition net synergies of US$39 million, ahead of our initial US$30–35 million target, and we have increased our four-year synergy target to US$115 million.
Our strategy to deliver improved performance and sustainable growth is progressing well and delivering value for Boral’s stakeholders.