Fletcher Building Limited (NZ:FBU)
:FBU
Earnings Data
Report Date
Aug 25, 2026Before Open (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-0.27Same Quarter Last Year
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a mixed but improving picture: the group delivered resilient operating performance (revenue broadly flat, continuing EBIT nearly flat), returned to positive net profit from continuing operations, materially improved operating cash flow (~+79%), advanced portfolio simplification (Construction sale) and achieved meaningful cost and liquidity initiatives. However, material challenges remain — notably weak New Zealand demand, a 27% decline in residential volumes, an increase in net debt driven by land purchases, several loss-making units and legacy construction provisions. On balance, management’s tangible progress on cost‑out, operational execution and balance sheet simplification, combined with substantial liquidity headroom and a clear divestment plan, means the positives modestly outweigh the negatives, though risks in the residential market and NZ macro remain significant.Company Guidance
Stable top-line and resilient EBIT
Group revenue of $2.9bn was broadly flat, down 0.5% year-on-year, with continuing operations EBIT of $145m nearly unchanged versus the prior period (down ~$2m), demonstrating resilience despite weak markets.
Return to positive net profit (continuing operations)
Net profit from continuing operations was $45m — the first positive result since June 2023, reflecting improved operating discipline and cost control.
Material improvement in operating cash flow
Cash flow from operating activities rose to $156m from $87m in the prior period, an increase of ~79%, driven by stronger EBITDA conversion and disciplined working capital management.
Construction divestment to simplify portfolio and reduce debt
Headlined sale price for Construction is $315.6m (with potential uplift up to $18.5m); expected net proceeds of ~$300–315m will be applied to debt reduction, with completion targeted in Q1 FY27.
Meaningful cost-out and central cost reductions
Structural cost reductions include an annualised SG&A decrease of $63m with ~$31m benefit realised in H1; Laminex delivered $14m of cost out. Management plans a further ~$100m of structural savings (with ~50% run-rate target), supporting margin resilience.
Improved liquidity and balance-sheet initiatives
USPP debt fully repaid/cancelled, new $200m 2-year liquidity facility established, $325m syndicated tranche extended to FY30, and $750m of undrawn facilities at period end. Lease liabilities reduced by $172m and invested capital fell to $5.9bn from $6.3bn.
Australian businesses showing stronger volumes
Australian trading was more positive than NZ: Laminex Australia volumes grew 6.6%, supporting renovation-driven demand and market-share gains in several Australian segments.
Operational and product initiatives
Several operational wins: Firth opened a new flagship batching plant; Humes added 3 branches; Winston Aggregates advanced recycling and a quarry JV; Winston Wallboards trialed up to 10% recycled content; Fletcher Insulation commissioned a new acoustic panel plant — all supporting long-term competitiveness.
Lowered CapEx guidance
Full year CapEx guidance reduced to $290–310m from prior $320–340m, reflecting prioritisation of in-flight projects and expected moderation of go‑forward spend as the portfolio simplifies.
NZ:FBU 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
NZ:FBU Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 17, 2026 | $3.50 | $3.51 | +0.29% |
Aug 19, 2025 | $3.07 | $3.08 | +0.33% |
Feb 18, 2025 | $3.19 | $3.19 | 0.00% |
Aug 20, 2024 | $3.29 | $3.21 | -2.64% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Fletcher Building Limited (NZ:FBU) report earnings?
Fletcher Building Limited (NZ:FBU) is schdueled to report earning on Aug 25, 2026, Before Open (Confirmed).
What is Fletcher Building Limited (NZ:FBU) earnings time?
Fletcher Building Limited (NZ:FBU) earnings time is at Aug 25, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is the P/E ratio of Fletcher Building Limited stock?
The P/E ratio of Fletcher Building Limited is N/A.
What is NZ:FBU EPS forecast?
Currently, no data Available