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Austin Engineering ( (AU:ANG) ) has shared an update.
Austin Engineering has announced a revision to its FY26 guidance, following a challenging financial year marked by a 22.2% increase in revenue to $376.7 million, but a decline in statutory EBITDA. The company is taking measures to improve margins and profitability, particularly in its South American business, which faced capacity constraints and operational inefficiencies. Despite these challenges, Austin Engineering remains committed to its strategic focus on product leadership, customer focus, and manufacturing excellence, with innovations like the AustIQ platform and iTrip system expected to drive future growth and customer engagement.
The most recent analyst rating on (AU:ANG) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Austin Engineering stock, see the AU:ANG Stock Forecast page.
More about Austin Engineering
Austin Engineering is a company with over 50 years of experience, employing more than 1600 people across four major operating centers. The company specializes in designing and manufacturing customized equipment for the mining industry, including truck bodies and mining buckets. Austin Engineering is recognized for its innovative designs and manufacturing capabilities, with a significant focus on efficiency and cost-effectiveness for its clients. The company has a strong international presence and has invested in new technologies such as the AustIQ digital platform to enhance its product offerings and customer service.
Average Trading Volume: 3,965,544
Technical Sentiment Signal: Sell
Current Market Cap: A$175.6M
For an in-depth examination of ANG stock, go to TipRanks’ Overview page.