Fletcher Building Limited (FRCEF)
OTHER OTC:FRCEF
Earnings Data
Report Date
Aug 25, 2026Before Open (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-0.16Same Quarter Last Year
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call described a company in active turnaround: solid operational progress (cost-out, liquidity, divestment strategy and improved operating cash flow) and targeted structural actions are evident, but meaningful near-term challenges remain — notably weak New Zealand demand, a sharp fall in residential volumes, higher net debt driven by land commitments, legacy construction-related costs, and several loss-making units. Management is confident about medium-term simplification and resilience but provided a cautious near-term outlook.Company Guidance
Revenue broadly stable
Group revenue of $2.9 billion was broadly in line with the prior period, down just 0.5% year-on-year, demonstrating resilience given weak NZ and Australian building markets.
Continuing operations profitability & first positive net profit since 2023
EBIT from continuing operations was $145 million (nearly flat year-on-year, down ~$2 million) and net profit from continuing operations was $45 million — the first positive result since June 2023.
Material improvement in operating cash flow
Net cash from operating activities improved to $156 million versus $87 million in the prior period, an increase of $69 million (+79%), reflecting stronger EBITDA conversion and disciplined working capital management.
Portfolio simplification and significant announced divestment
Construction divestment announced with a headline sale price of $315.6 million (plus potential up to $18.5 million). Expected net proceeds ~ $300–$315 million to be applied to debt reduction; regulatory approvals underway and completion expected in Q1 FY27.
Cost-out and structural savings delivered
Structural cost reductions delivered an annualised decrease in central/Warehouse & distribution/SG&A of $63 million, with approximately $31 million of benefit realized in H1. Management reiterated a wider cost-out program (targeting further savings up to ~$100 million with ~ $50 million run-rate potential).
Liquidity, funding and balance sheet actions
USPP debt fully repaid and cancelled; new $200 million 2-year liquidity facility established; $325 million syndicated tranche extended to FY30; $750 million of undrawn facilities at period end; Moody's rating reaffirmed.
Operational wins and market share gains
Operational highlights included Firth opening a flagship batching plant, Laminex Australia delivering $14 million of cost out and +6.6% volume growth, Golden Bay volumes +4% vs 2H FY25, trials of up to 10% recycled content at Winston Wallboards, and several branch/capacity additions supporting market share gains in renovation-driven categories.
Reduced CapEx guidance and lease liabilities
Full-year CapEx guidance reduced to $290–$310 million (from $320–$340 million). Continuing operations lease liabilities reduced by $172 million, with a further ~$76 million expected from the Construction divestment.
FRCEF 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
FRCEF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 17, 2026 | $2.10 | $2.10 | 0.00% |
Aug 19, 2025 | $1.90 | $1.90 | 0.00% |
Feb 18, 2025 | $1.70 | $1.70 | 0.00% |
Aug 20, 2024 | $2.05 | $1.98 | -3.56% |
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 (FRCEF) report earnings?
Fletcher Building Limited (FRCEF) is schdueled to report earning on Aug 25, 2026, Before Open (Confirmed).
What is Fletcher Building Limited (FRCEF) earnings time?
Fletcher Building Limited (FRCEF) earnings time is at Aug 25, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What is FRCEF EPS forecast?
Currently, no data Available