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BlueScope Steel Limited (BLSFY)
OTHER OTC:BLSFY
Earnings Data
Report Date
Aug 17, 2026TBA (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
3.47Last Year’s EPS
1.81Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call is overall positive. Management reported a strong H1 operating performance (underlying EBIT up sharply YoY), an essentially ungeared balance sheet at the half, clear project progress and substantive cost savings realized. Management upgraded shareholder returns materially (targeting $3.00 per share in 2026 and 75% of free cash flow), provided constructive H2 guidance, and laid out credible growth and property realization programs. Notable headwinds remain — sustained low Asian spreads, transitional costs in New Zealand, an ongoing BCP turnaround and a recent safety fatality — and the company is modestly increasing its net debt target. On balance, the positives (earnings, liquidity, returns, project delivery and cost programs) outweigh the lowlights, yielding a constructive outlook but with clear execution and commodity risk factors to watch.Company Guidance
Strong H1 Profitability and Earnings Growth
Underlying EBIT of $558 million for H1, up $249 million on the prior corresponding period (≈81% increase). Reported net profit after tax of $391 million.
Robust Balance Sheet and Liquidity
Net debt of just $2 million at half‑year (essentially ungeared) and liquidity of approximately $3.2 billion; ROIC stable at 8.1% (North America 13.6%, Asia 17.5%).
Upgraded Capital Return Framework
Shareholder distribution target increased to at least 75% of free cash flow (from 50%); plan to deliver $3.00 per share in calendar 2026 (includes $1.00 special, $1.30 annual ordinary – $0.65 interim – plus $310 million on‑market buyback equal to $0.70 per share); >$1.3 billion of distributions expected in 2026.
Positive H2 Guidance
Management expects H2 underlying EBIT of $620 million to $700 million (guided on an FX rate of A$0.70), with North America anticipated to be ≈15% higher than H1 on stronger U.S. steel spreads and volumes.
Major Project Completions Nearing Delivery
Key projects progressing: North Star debottlenecking to unlock +300,000 tpa capacity; Western Sydney metal coating line MTL7 adding 240,000 tpa coating capacity (start‑up mid‑year); Port Kembla plate mill upgrades on track; New Zealand EAF in cold commissioning; #6 blast furnace reline progressing.
Material Cost and Productivity Progress
Existing $200 million program delivered $190 million of annualized benefit (up from $130 million at end FY25, a ≈46% uplift). A new $150 million cost reduction program has been launched with full run rate targeted by start of FY27.
Growth Targets and Upside Roadmap
A $500 million EBIT uplift targeted by 2030 across the group (North America >$200M, Australia >$125M, Asia & New Zealand ≈$150M), supported by capacity and premium product expansion.
Surplus Land Realization Momentum
Accelerating monetization of ~1,200 hectares of surplus land: sale of 33 hectares at West Dapto for $76 million (enabling >350 residential lots), Glenbrook ground lease for a 100 MW battery, and process started for a 65‑hectare Western Port logistics hub.
Regional Operational Highlights
North America underlying EBIT $447 million (up $115 million vs prior half), North Star achieved 100% utilization and a new daily production record; Asia underlying EBIT $97 million (up $27 million) with improved performance across Indonesia, Malaysia and Vietnam; Australia domestic dispatches increased to 1.1 million tonnes and COLORBOND sales of 322,000 tonnes.
BLSFY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FAQ
When does BlueScope Steel Limited (BLSFY) report earnings?
BlueScope Steel Limited (BLSFY) is schdueled to report earning on Aug 17, 2026, TBA (Confirmed).
What is BlueScope Steel Limited (BLSFY) earnings time?
BlueScope Steel Limited (BLSFY) earnings time is at Aug 17, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BLSFY EPS forecast?
BLSFY EPS forecast for the fiscal quarter 2026 (Q4) is 3.47.