FY21 Result: the full year results looks to have come in above expectations for the shipbuilder Austal. Revenue was in line at $1.57b, while NPAT fell to $81.1m during the year, it was ~5% above expectations. Recent news flow has been positive for Austal, winning a number of contracts and slowly working through historical issues with the US Navy. Guidance implies flat revenue in FY22, though this number has been propped up by using AUDUSD price of 75c, ~4% above where the currency currently trades. ASB was trading down 8.37% at the time of writing
MM remains long and bullish ASB
Add To Hit List
