FY21 Results: The plumbing supplier reported revenue of $1.34bn (small beat), adjusted NPAT of $211.9m (beat), and a FY DPS of 13cps (beat) when they released results this morning. They didn’t provide any specific guidance other than saying positive sales growth in all regions to start FY22, although the growth in sales is less than FY21 to date. They talked to supply chain interruptions starting to hurt which is a negative. Overall, it was a beat of FY21 however it seems guidance for the start of FY22 was cautious. Shares finished -1.52% lower today
MM is neutral RWC around $6.00
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