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Boral hit by 'financial irregularities' in US windows

Simon Evans

Building products group Boral has begun a forensic investigation into ''financial irregularities'' in its North American windows operations which could result in a one-off earnings hit of up to $US30 million ($44 million).

Boral chief executive Mike Kane said late on Thursday the company was undertaking a ''comprehensive and urgent investigation of this matter to fully understand the events and what we need to do in order to address the problem''.

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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com

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    Original URL: https://www.afr.com/companies/infrastructure/boral-hit-by-financial-irregularities-in-us-windows-20191205-p53hd0