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!

Read more

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.

Read more

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.

Read more

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.

Read more

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...

Read more

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...

Read more

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.

Read more