ARB +5.22% was solid after they reported a 16% increase in earnings for the year, and talked about M&A
- Revenue was inline with expectations at $693.2 million, up +3.3% yoy.
- NPAT of $102.7 million, was +16% yoy
- Final dividend per share $0.350 vs. A$0.300 y/y
Demand for ARB products remains very heathy in Australia and FY25 should see exports return to growth, with the US a key market for them where distribution channels are being built out. They said forecast new vehicle sales for FY25 to be similar to sales in FY25, while ARB sales in 1Q FY25 have begun positively. They also added in a kicker, saying they will consider strategic acquisition opportunities focused on product and distribution expansion.
MM remains bullish ARB, a quality growth company
Add To Hit List
