Fletcher Building Limited Ordinary Shares
FBU.NZXIndustrials
Fletcher Building (‘the Company’) was established in March 2001 as a stand-alone entity from the building shares of Fletcher Challenge. Today the Company is a leading provider of building products and solutions, operating some 25 businesses across New Zealand, Australia and the South Pacific, and employing around 12,500+ people. Fletcher Building manufactures building products, from insulation that keeps homes warm and dry, to cement and steel - the foundation of built structures the world over. Fletcher Building’s retail businesses distribute these products to tradespeople across Australasia. Fletcher Building also builds homes, and infrastructure that create communities, improve productivity and contribute to the quality of life for people living and working in cities and regions across the Company’s markets. Fletcher Building operates through five divisions – Light Building Products, Heavy Building Materials, Distribution, Residential and Development, and Construction
Market Data
$3.140
+0.0%$3.4B
-11.4x
$-0.275
0.00%
+0.0%
Recent Announcements
Construction divestment conditions satisfied
Fletcher Building's sale of its Construction Division to VINCI Construction has become unconditional, with completion scheduled for 29 May 2026 and purchase price increased to approximately $334 million (from $315.6 million) following Higgins Contractors' signing of three regional integrated delivery contracts.
D&O Ongoing Disclosures - Multiple
Four senior managers at Fletcher Building Limited disclosed acquisitions of ordinary shares through employee share plans on 5 May 2026: Wendi Malinda Bains (102 shares, $297), Phillip Michael Boylen (143 shares, $417), Kylie Maree Eagle (86 shares, $251), and Steven Trevor Evans (143 shares, $417), with no transactions occurring during closed periods.
Sale of South Australian property
Fletcher Building has agreed to sell its surplus Iplex Australia industrial property in Elizabeth, South Australia for A$20,050,000, with completion expected in June 2026 and a projected gain on sale of approximately A$10 million to be recognized in FY26 EBIT.
Fletcher Building Announces Fiji Divestment
Fletcher Building has divested its remaining 50% stake in Fletcher Construction's Fiji-based business to joint venture partners Fijian Holdings Limited and the Fiji National Provident Fund (FNPF) for non-material consideration, resulting in 100% Fijian ownership of the construction entity. This divestment is part of Fletcher Building's broader strategic simplification following the sale of its New Zealand Construction Division to VINCI Construction.
Sale of Laminex Cheltenham property
Fletcher Building's Laminex AU business unit has entered into a conditional agreement to sell its Cheltenham, Melbourne property to Forza Capital for A$53.8 million, with completion expected by end of FY26 subject to environmental due diligence and governance approvals. The sale is expected to generate an approximate A$14 million gain on EBIT in FY26, with the business retaining occupancy for a minimum three-year period.
Statement on Media Speculation
Fletcher Building issued a statement acknowledging media speculation regarding its strategic review of the Residential and Development division and potential divestment of industrial property, confirming that a strategic review is underway with sales processes for industrial land and the Felix Street property already announced, with no further details to report at this time.
D&O Ongoing Disclosures - Multiple
Four senior managers at Fletcher Building Limited disclosed acquisitions of ordinary shares on 20 April 2026 through employee share plans: Hamish Todd McBeath (CEO Light Building Products) acquired 143 shares for $416, Haydn Stuart Wong (Group General Counsel & Company Secretary) acquired 143 shares for $416, Joseph James Peters II (CEO New Zealand Distribution) acquired 143 shares for $416, and Kylie Maree Eagle (Chief People Officer) acquired 86 shares for $250.
Fletcher Building sale of Fletcher Reinforcing and Wire
Fletcher Building has agreed to sell its Fletcher Reinforcing and Wire business to United Industries for $15.7 million, with the transaction expected to close by end of 2026, subject to regulatory approvals and consents. Fletcher Building expects to recognize a loss of approximately $20-23 million upon completion, as the business was not aligned with the company's targeted return on invested capital profile.
D&O Ongoing Disclosure
Peter Charles Crowley, Chair of Fletcher Building Limited, transferred 72,270 ordinary shares from personal ownership (held with Althea Sandra Robyn Crowley) to Crowley Supertee Pty Ltd on 20 April 2026, with no change in beneficial ownership.
Sale of Fletcher Construction regulatory update
Fletcher Building announced that its sale of Fletcher Construction to VINCI Construction has received approval from the New Zealand Overseas Investment Office and clearance from the Commerce Commission, with completion now expected by the end of FY26, subject to remaining counterparty consents and restructuring conditions.
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