Overview Key strengths Key risks Portfolio of branded residential building products, with market leading positions within their respective product segments of residential roofing, insulation, doors, and composites. End-market demand for all business segments, prone to cyclicality from construction and economic, that could potentially create some earnings? cyclicality. However, during past downturns, the company?s earnings have been relatively stable, benefiting from offsetting cycles across new construction, repair and remodel as well as industrial output end markets. Some credit buffer against the 2x-3x adjusted net leverage tolerance for the rating, which provides flexibility to pursue financial policy actions around acquisitions and shareholder returns. Susceptibility to input cost inflation, particularly for asphalt and energy. Strong liquidity, including free cash generation to cover upcoming
