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
$3.830
+0.0%$4.1B
-13.9x
$-0.275
0.00%
+0.3%
Latest Earnings
Increase in Guidance for FY26 & Q4 Quarterly Volume Report
9 July 2026
Fletcher Building has upgraded its FY26 EBIT guidance by ~6.4% to $400m–$403m (continuing operations, before Significant Items), inclusive of ~$52m from surplus property sales. The uplift was driven by favourable raw material procurement in Light Building Materials, strong Iplex demand pull-forward ahead of price increases, and unseasonally good weather supporting Heavy Building Materials in June. Looking ahead, macro uncertainty and cost inflation are causing delays and cancellations of new commercial projects, which could weigh on 1H FY27 performance. Key points: FY26 EBIT guidance upgraded ~6.4% to $400m–$403m (continuing operations, before Significant Items), ahead of prior mid-June guidance range.; Light Building Materials benefited from favourable raw material procurement, improved manufacturing productivity, and greater use of low-cost scrap.; Iplex NZ and Iplex AU volumes surged ahead of progressive price increases, with Iplex NZ up 24.6% on pcp and Iplex AU up 8.0% on pcp in Q4.
Recent Announcements
Fletcher Building, Govt to secure NZ cement manufacturing
The New Zealand Government has granted Golden Bay Cement (operated by Fletcher Building) up to $60 million to support continued operation of New Zealand's only domestic cement manufacturing facility in Northland, with Golden Bay Cement committing to invest at least $150 million through 2040 and continue production until at least 2040. The agreement addresses rising costs including carbon charges that would have forced closure by 2030, securing domestic supply of nearly 60% of New Zealand's cement demand.
Increase in Guidance for FY26 & Q4 Quarterly Volume Report
Fletcher Building has upgraded its FY26 EBIT guidance by ~6.4% to $400m–$403m (continuing operations, before Significant Items), inclusive of ~$52m from surplus property sales. The uplift was driven by favourable raw material procurement in Light Building Materials, strong Iplex demand pull-forward ahead of price increases, and unseasonally good weather supporting Heavy Building Materials in June. Looking ahead, macro uncertainty and cost inflation are causing delays and cancellations of new commercial projects, which could weigh on 1H FY27 performance. Key points: FY26 EBIT guidance upgraded ~6.4% to $400m–$403m (continuing operations, before Significant Items), ahead of prior mid-June guidance range.; Light Building Materials benefited from favourable raw material procurement, improved manufacturing productivity, and greater use of low-cost scrap.; Iplex NZ and Iplex AU volumes surged ahead of progressive price increases, with Iplex NZ up 24.6% on pcp and Iplex AU up 8.0% on pcp in Q4.
D&O Ongoing Disclosures - Multiple
Fletcher Building Limited disclosed routine vesting of employee share plan awards for four senior managers on 1 April 2025: Hamish Todd McBeath (824 shares), Wendi Malinda Bains (452 shares), Kylie Maree Eagle (309 shares), and Steven Trevor Evans (655 shares), with no consideration paid and no trading policy violations.
Moody’s credit rating withdrawal
Fletcher Building requested and Moody's Investors Service has withdrawn its credit rating for Fletcher Building, effective 25 June 2026, as previously announced on 17 June 2026.
Fletcher Building Trading Update – June 2026
Fletcher Building released a trading update announcing FY26 EBIT of $375m-$380m (excluding discontinued operations and including ~$40m from property sales) and the withdrawal of its Moody's credit rating as it transitions to a simplified capital structure with reduced net debt. The company completed six divestments and property sales expected to generate approximately $450m in net cash proceeds for debt reduction.
FY26 Results Announcement Date
Fletcher Building has announced that its financial results for the year ending 30 June 2026 will be released prior to market opening on Wednesday, 19 August 2026.
D&O Ongoing Disclosure
Phillip Michael Boylen, Former Chief Executive Construction at Fletcher Building Limited, disclosed changes to his shareholdings on 29 May 2026 upon cessation of employment: 10,226 shares vested under the employee share plan (increasing his beneficial interest from 69,430 to 79,656 shares) and 130,229 shares were forfeited under the executive long-term share scheme (reducing his beneficial interest from 225,738 to 95,509 shares).
Fletcher Building completes sale of Construction Division
Fletcher Building has completed the sale of its Construction Division to VINCI Construction, the construction arm of the VINCI Group, as of 29 May 2026.
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.
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