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Fletcher Building Limited ( (FRCEF) ) just unveiled an announcement.
Fletcher Building reported a modest improvement in key product sales volumes for the second quarter of FY26 compared with the prior quarter, though management cautioned that these gains are not yet sufficient to counter earlier declines and that competitive trading conditions continue to compress margins, particularly in the Distribution division. Light Building Products showed the strongest momentum, with Waipapa and Iplex NZ recording solid quarter‑on‑quarter and year‑on‑year volume growth and Australian operations broadly back in line with prior year levels, while Heavy Building Materials continued to contract, led by weaker Winstone Aggregates and Humes volumes amid soft roading and project activity; residential unit take-to-profit also fell versus the same quarter last year, and the company does not expect a meaningful volume recovery across its businesses until calendar 2027.
More about Fletcher Building Limited
Fletcher Building Limited is a New Zealand-based construction and building materials group with operations across light and heavy building products, distribution, and residential development. Its portfolio includes businesses such as Waipapa, Iplex NZ, Laminex Australia, Fletcher Insulation, Winstone Aggregates, Humes, Firth, Golden Bay and PlaceMakers, serving both infrastructure and residential construction markets in New Zealand and Australia.
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