DAVY VIEW

It has been a busy few days for Kingspan with the investment in the increased shareholding in Nordic Waterproofing (NW) and the successful issue of the group’s first public bond. Next up on the schedule is its third-quarter trading update on November 5th. In the meantime, there are a number of other company results that are of interest and that provide further insight into industry trends. Of note are improved results from Steico and NW in Q3, while Carlisle in the US roofing category continues to deliver a very elevated operating margin performance.