WHC +3.11%: Recovered from early weakness after a solid, no-surprises result. It was encouraging for longs to see investors “buy the dip”.
- Revenue of $5.83bn was in line with Blomberg consensus of $5.83bn.
- Underlying EBITDA of $1,355mn was in line with Blomberg consensus of $1.357mn.
- Final dividend of 6c came in slightly above the 5c expected.
Even with softer FY26 guidance, the strong result and ongoing buyback support our growth thesis – we continue to own the stock in the Active Growth portfolio.