Fletcher Building
FBU.ASXIndustrials
Construction, distribution, heavy building materials, light building products, and residential housing and land development
Market Data
$3.200
+0.0%$3.4B
-100000.0x
$-0.221
0.00%
+0.1%
Latest Earnings
Increase in Guidance for FY26 & Q4 Quarterly Volume Report
9 July 2026
Fletcher Building raised FY26 EBIT guidance by 6.4% to $400-403m (including $52m from property sales), with underlying EBIT of $348-351m reflecting improved manufacturing productivity, favorable raw material procurement, and strong demand in infrastructure. However, macro uncertainty and cost inflation are delaying commercial projects, which could weigh on 1H FY27 performance if the trend persists. Key points: EBIT guidance raised 6.4% to $400-403m, demonstrating confidence in full-year delivery; Light Building Materials division benefited from favorable raw material procurement, improved manufacturing productivity, and greater use of low-cost scrap; Iplex businesses (NZ and AU) accelerated customer purchases ahead of progressive price increases, driving strong demand growth
Recent Announcements
Increase in Guidance for FY26 & Q4 Quarterly Volume Report
Fletcher Building raised FY26 EBIT guidance by 6.4% to $400-403m (including $52m from property sales), with underlying EBIT of $348-351m reflecting improved manufacturing productivity, favorable raw material procurement, and strong demand in infrastructure. However, macro uncertainty and cost inflation are delaying commercial projects, which could weigh on 1H FY27 performance if the trend persists. Key points: EBIT guidance raised 6.4% to $400-403m, demonstrating confidence in full-year delivery; Light Building Materials division benefited from favorable raw material procurement, improved manufacturing productivity, and greater use of low-cost scrap; Iplex businesses (NZ and AU) accelerated customer purchases ahead of progressive price increases, driving strong demand growth
Fletcher Building Trading Update June 2026
Fletcher Building released a June 2026 trading update reporting FY26 EBIT expected between $375m-$380m (excluding discontinued operations and including ~$40m from property sales), and announced it will withdraw its Moody's credit rating following completion of six divestments and property sales expected to generate ~$450m in cash proceeds to reduce net debt.
Fletcher Building Announces FY26 Half Year Results
Fletcher Building reported stable half-year results despite challenging market conditions, with continuing operations revenue of NZ$2.87B (flat on prior period) and EBIT before significant items of NZ$145M. The company announced the divestment of its Construction Division to VINCI for NZ$316M, marking a major step in portfolio simplification, though no interim dividend was declared given the challenging outlook. Key points: Announced divestment of Construction Division to VINCI for NZ$315.6M with potential upside to NZ$334.1M; Net cash from operating activities improved to NZ$156M from NZ$87M in prior period; Achieved approximately NZ$45M of cost savings across warehouse, distribution and admin expenses
Half Year Results Announcement Date
Fletcher Building advises that its half-year financial results for the six months ending 31 December 2025 will be released prior to market opening on Wednesday, 18 February 2026.
Get real-time alerts for FBU
Receive AI-powered earnings summaries and instant notifications when Fletcher Building releases results.
Register Free