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Emeco Holdings Limited (ASX:EHL)

ALERT: Price-sensitive ASX Announcement for EHL
Current share price for EHL : $1.010 0.005 (0.50%)+
Announcement
Release
18 Jun 2026 8:17AM
Price at Release
$1.005
Full Release
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Summary
Emeco Holdings Limited (ASX: EHL) announced its FY26 financial expectations and provided an outlook for FY27. Despite challenging market conditions, including wet weather and supply chain disruptions, Emeco anticipates FY26 Operating EBITDA between $290 and $295 million, Operating EBIT between $145 and $150 million, and an Operating Free Cash Flow of approximately $100 to $110 million. The company has improved its net leverage to approximately 0.4x and remains in a strong position to consider mergers and acquisitions. For FY27, Emeco expects stable earnings with a focus on equipment redeployment and improved utilization, aiming for a 20% return on capital in FY28. The company highlights its strong balance sheet and cash flow, allowing for strategic flexibility in a fragmented rental equipment market.
Key Points
  • FY26 Operating EBITDA expected between $290 and $295 million.
  • FY26 Operating EBIT expected between $145 and $150 million.
  • FY26 Operating Free Cash Flow approximately $100 to $110 million.
  • Net leverage improvement to approximately 0.4x.
  • Challenges include wet weather, supply chain issues, and fuel price uncertainty.
  • FY27 outlook includes stable earnings with equipment redeployment.
  • Improved utilization expected with a focus on achieving a 20% return on capital in FY28.
  • Strong balance sheet provides flexibility for potential M&A opportunities.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.