FRTA – Forterra Inc

✘ NOT COMPLIANT

—X—

Construction Materials | USA

Business: PASS

Forterra Inc has cleared the Business screen. Its business activity is compliant with the Shariah standard. If you find this result mistaken or questionable, let us know in the comments.

Financials: FAIL

The financials fail all the three standards we check against.

FTSE

AAOIFI

DJIM

Total Analysts: 2

1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL

Forterra, Inc is involved in the manufacturing, sale and distribution of building products in the United States and Eastern Canada. The Company’s primary products are concrete drainage pipe, precast concrete structures, and water transmission pipe used in drinking and wastewater systems. Its products are used in the residential, infrastructure and non-residential sectors of the construction industry. The Company’s segments include Drainage Pipe & Products, Water Pipe & Products, and Corporate and Other. The Drainage Pipe & Products segment manufactures drainage pipe and precast products in the United States and Eastern Canada. It also manufactures concrete pressure pipe products in Eastern Canada. The Water Pipe & Products segment produces ductile iron pipe (DIP) in pipe. The Corporate and other segment include certain shared services, executive and other administrative functions.

✘ NOT COMPLIANT

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