21/03/2024 16:46

Brickworks Ltd (BKW) $28.31

BKW –3.05%: Reported an underlying loss for the half of -$37m which was better than consensus of -$49m. Weaker property driven by negative revaluations and higher interest costs were offset by Building Products and Investments along with a lower tax rate. They raised their interim dividend to 24cps (vs 23c this time last year).

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29/02/2024 09:15

Brickworks Ltd (BKW) $29.33

BKW hit a fresh all-time high this week, a narrative being enjoyed by a number of ASX stocks. This is one company that doesn’t report until late March, but it has enjoyed the excitement generated by a number of takeover bids reining in on its peers. In line with the sector, BKW has also benefitted from the anticipated pick up in earnings compared to last year as cost pressures start to subside.

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19/12/2023 09:19

Brickworks Ltd (BKW) $27.44

BKW held its AGM last month, with the key takeouts being a 10% reduction in property trust valuation in 1H24, although there is still a strong rental uplift anticipated, 1Q24 Australian and US building product earnings (EBITDA) are set to increase compared to last year as cost pressures finally start to subside.

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29/09/2023 08:41

Brickworks Ltd (BKW) $24.07

BKW tumbled -6.4% on Thursday after the building supplies manufacturer reported that net income for the full year fell 54% to $394.7mn. Weighing on the stock was EBITDA in North America and Australia falling while margins were under pressure from inflationary pressures – same story, different stock & day!

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21/07/2023 09:11

Brickworks Ltd (BKW) $24.98

BKW hit a record high last month, aided by a strong property division which is likely to fare better through an economic downturn with strong rental increases helping to offset building products headwinds.

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26/05/2023 08:56

Brickworks Ltd (BKW) $25.44

BKW delivered a broadly in-line result last quarter on the back of stronger-than-expected Property EBIT, although the biggest contributor to this was $113m in upward revaluations. Building products earnings are likely to face significant headwinds from FY24 (with BKW trying to hold price in the face of elevated input costs despite softer vols), property should fare better through the downturn with strong rental increases helping to offset cap rate headwinds.

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23/03/2023 16:43

Brickworks (BKW) $23.76

BKW +3.13%: the building products and investment company reported 1H numbers today which were stronger than expected while outlook comments appeared better than feared. Revenue was up 13% yoy, while Underlying profit added 24% to $410m.

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21/09/2022 17:07

Brickworks (BKW) $21.77

BKW +0.37%: the building products company saw surging growth in their FY22 result today, however, the company was very cautious on the outlook as interest rates pressure construction globally. EBIT from the building products divisions in Australia and North America saw total growth of more than 200% to $155m, however, property sales were a significant driver of the growth. They have diversified their portfolio...

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25/03/2022 09:22

Brickworks Ltd (BKW) $22.87

BKW rallied 5% yesterday after a 269% jump in 1st half profits driven by investments and its joint venture property trust with Goodman Group (GMG). The numbers were solid on all levels – revenue up 24% to $535mn, EBIT up 254% to $450mn helping the company lift its dividend to 22c. We agree with the MD that the business is in a strong position with a diversified portfolio of assets, like all investments...

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26/03/2021 09:13

Brickworks (BKW) $19.80

BKW manufactures and sells bricks, pavers and floor tiles, products that clearly enjoy a strong property and construction environment.

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