NWH +8.7%: A clear beat and an upgrade — margins improved, earnings accelerated, and guidance lifted meaningfully, pushing the stock to a record high.
1H26 Highlights
- Revenue: $1.97bn (+20% y/y)
- EBITA: $132.3mn (+37% y/y)
- FY26 EBITA guidance: $275–285m (from $260–265mn)
The business now looks to be moving beyond the overhang from the Whyalla Steelworks disruption, with execution back on track and confidence returning around delivery and project mix.
MM is bullish NWH
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