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Fletcher Building Limited (ASX:FBU)

ALERT: Price-sensitive ASX Announcement for FBU
Current share price for FBU : $3.160 0.38 (13.67%)+
Announcement
Release
9 Jul 2026 7:30AM
Price at Release
$2.780
Full Release
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Summary
Fletcher Building Limited announced an increase in EBIT guidance for FY26 by approximately 6.4% to a range of $400 million to $403 million, inclusive of $52 million from surplus property sales. The company reported improved volumes across its core manufacturing and distribution divisions, though some improvements were driven by temporary market dynamics. While existing construction activities continue, broader economic uncertainties and cost inflation are causing delays and potential cancellations of new projects in the commercial sector, potentially affecting performance in the first half of FY27. The report also noted positive trends in light and heavy building products, with various divisions showing volume growth, although some areas like aggregates showed a decrease compared to the previous year.
Key Points
  • Increase in FY26 EBIT guidance by ~6.4% to $400m-$403m.
  • Approximately $52m from surplus property sales included.
  • Core manufacturing and distribution volumes improved.
  • Temporary market dynamics supported some volume improvements.
  • Ongoing construction activity supports demand.
  • Delays and cancellations in new commercial projects due to cost inflation.
  • Potential impact on performance in 1H FY27 from macro uncertainties.
  • Light and heavy building products divisions showed positive trends.
  • Winstone Aggregates volumes decreased compared to the previous year.
  • Overall positive trend in residential unit profits despite a decrease compared to FY25.
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.