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Fleetwood Limited (ASX:FWD)

ALERT: Price-sensitive ASX Announcement for FWD
Current share price for FWD : $1.840 0.17 (10.18%)+
Announcement
Release
22 Jun 2026 8:15AM
Price at Release
$1.670
Full Release
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Summary
Fleetwood Limited is undertaking significant strategic changes to streamline its operations and optimize its manufacturing footprint. The company plans to exit the Recreational Vehicles market by divesting its Camec business, which is increasingly seen as non-core to its future priorities. This move will allow Fleetwood to concentrate on expanding its core modular building operations and reallocate capital towards growth opportunities. Additionally, Fleetwood will close its Smithfield manufacturing facility in New South Wales, as existing facilities in Queensland and Victoria are deemed sufficient to meet current and forecast demand. This closure is expected to result in restructuring costs of $12-14 million for FY26 but will reduce annualized fixed costs by $8-9 million starting in Q2 FY27. The company is also adjusting its financial outlook, anticipating restructuring costs to impact the Net Profit After Tax for H2 FY26, leading to no final dividend declaration.
Key Points
  • Fleetwood to exit the RV market, divesting Camec.
  • Focus on expanding core modular building operations.
  • Closure of Smithfield NSW manufacturing facility.
  • Restructuring costs expected to be $12-14 million in FY26.
  • Anticipated reduction in annualized fixed costs by $8-9 million from Q2 FY27.
  • No final dividend expected due to restructuring costs in H2 FY26.
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.