Supplier Saint-Gobain Hikes Building-Materials Prices on Higher Costs

Saint-Gobain, a building-materials supplier, is increasing prices due to rising costs and declining volumes, particularly in North America, where a harsh winter has delayed construction. The company reported a 2.3% drop in first-quarter sales to €11.1 billion ($13 billion), with an 11% decrease in North America. Despite these challenges, planned price hikes are expected to maintain profit margins above 15% for the year. Saint-Gobain anticipates improved conditions in North America and Europe in the latter half of the year.