05/12/2024 09:52

Fletcher Building Ltd (FBU) $2.60

FBU fell by 5.5% on Wednesday as the company faced pressure due to sluggish demand for construction and infrastructure projects, particularly in its Australian and New Zealand core markets.

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13/05/2024 16:25

Fletcher Building (FBU) $2.87

FBU –10.87%: Another profit warning for the building supplies company today thanks to a challenging environment in the residential markets across both New Zealand and Australia for 2H24. FBU called out "weaker revenues and gross margin pressure" and noted that steel "end markets have been particularly soft."

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29/02/2024 09:16

Fletcher Building Ltd (FBU) $3.81

FBU has underperformed due to a combination of faster deterioration in residential volumes and mix change impacting margins plus larger legacy costs. The stock was hammered after reporting 1H24 EBIT before significant items of $264m, which was 16% below expectations, although it has bounced strongly from its panic lows.

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10/11/2023 09:37

Fletcher Building Ltd (FBU) $4.28

Building products company FBU rallied +3.1% on Thursday, potentially keying off James Hardies' (JHX) strong result earlier this week. The stock has been under pressure through 2023 due to litigation around plumbing issues in Perth with the Buckeridge Group of Companies (BGC) hanging over its head – as we know, markets hate uncertainty. The stock is reasonably priced, trading on a 10.8x P/E for 2024, compared to high-flying James Hardie (JHX), which is on x19.1. For good measure, FBU is forecast to yield 8.7% over the next 12 months.

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16/10/2023 16:58

Fletcher Building (FBU) $4.07

FBU -8.64%: the dual-listed building products company traded for the first time since last Wednesday, spending the long weekend preparing a statement on faulty water pipes that have been causing issues. The issue pertains to plumbing products manufactured by Fletcher Building’s Iplex which were installed between 2017 and 2022.

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14/02/2023 09:16

Fletcher Building Ltd (FBU) $4.63

As we wrote yesterday “Fletcher Building (FBU) -6.26% seems to always disappoint at earnings time, and today was no different with adverse weather to blame this time around.”.

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26/03/2021 09:14

Fletcher Building (FBU) $6.37

FBU is a NZ based manufacturer and seller of building products such as cement, plasterboard and lumber

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