Ann: Trading Update and Revised FY2019 Guidance, page-29

Sometimes it is worth reading the commentary from similar companies.

This from James Hardie

"We expect to see modest growth in the US housing market to continue through the remainder of fiscal year 2019.The single family new construction market and repair and remodel market growth rates in fiscal year 2019 areexpected to grow, albeit at a growth rate lower than that in fiscal year 2018. The Company expects new constructionstarts between approximately 1.2 million and 1.3 million.

We expect our North America Fiber Cement segment EBIT margin to be in the middle of our stated target rangeof 20% to 25% for fiscal year 2019. This expectation is based upon the Company continuing to improve operatingperformance in its plants, continuing to experience current inflationary trends for input costs, and a strong USdollar"

I see weather is not used as an excuse though. (Just an observation)