Brickworks Ltd Faces $123.5M Impairment Amid Downturn

Brickworks Ltd (AU:BKW) has released an update.

Brickworks Ltd is set to report a non-cash impairment charge of $123.5 million post-tax in its FY24 full year results due to a downturn in building activity and delayed benefits from capital investments in Austral Masonry and Brickworks North America. The company, a mainstay in Australian construction with a history of consistent dividends since 1962, faces challenges including a significant drop in high-rise building activity in key markets and increased competition in the U.S. housing market.

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