Probably a setor to avoid...let's see what analysts are going to evaluate the results and what to expect even if the company outlook suggest that interest increase and will have a negative impact on their setor of activivity.
Outlook : Over the long term, we expect demand for our products to remain resilient, supported by strong fundamentals in our end markets. We also continue to see a multi-year runway for growth in the repair and remodel, residential, and commercial end-markets that we participate in.
In the nearer term, rising inflation and recent interest rate hikes could have a negative impact on economic activity. As we have demonstrated in previous cycles, we will take all necessary actions required to effectively manage our business and cash flows. We maintain a strong balance sheet which provides financial stability through periods of changing market conditions. Our business model also converts a high proportion of EBITDA to operating cash flow before changes in working capital, and during periods of reduced activity our investment in working capital has historically decreased, resulting in an additional source of cash.