FBU - Fletcher Building

[sb9]

All set for big reveal tomorrow, that should give us general handle around construction activity and will also set the tone for STU and other related companies...

[Checkmate]

All set for big reveal tomorrow, that should give us general handle around construction activity and will also set the tone for STU and other related companies...

Not gonna lie, I'm pretty excited to hear the results!

[Greekwatchdog]

Result. Paying a divvie..Very nice. https://www.nzx.com/announcements/367686

[winner69]

Said $309m to $320m and achieved $323m

That’s pretty good

And full year looking good at $610m to $660m

[winner69]

Full year forecast above market consensus forecasts

Suppose we call that a profit upgrade

[Checkmate]

Full year forecast above market consensus forecasts

Suppose we call that a profit upgrade

Very nice results, should prove the haters wrong!
wonder if they will resume buybacks!?

[Baa_Baa]

Very nice:

Summary:
- Revenue of $3,987 million, up 1% from $3,961 million in HY20
- EBIT before significant items of $323 million, up 47% from $219 million in HY20
- Net Profit After Tax of $121 million, up 48% from $82 million in HY20
- Strong cash flows from operating activities of $428 million; strong balance sheet
- Interim dividend of 12 cents per share declared, to be paid on 24 March 2021
- FY21 EBIT before significant items guidance range $610 million to $660 million

[sb9]

Very nice results, should prove the haters wrong!
wonder if they will resume buybacks!?

Would say closer to FY results or after that, they may still have some banking covenants in place.

[Biscuit]

Very nice results, should prove the haters wrong!
wonder if they will resume buybacks!?

Have to say I wish I hadn't reduced my holding last year. They have had a very nice turn around.

[Habits]

For me the interim dividend is a BIG surprise ... one of this mornings business reports had even said they could not resume just yet. Good on FBU leadership for agreeing the changes to banking covenant