Australia's Emeco slips to 10-month low on weak full-year earnings outlook
18/06/2026 02:33
BUZZ-Australia's Emeco slips to 10-month low on weak full-year earnings outlook ** Shares of Emeco Holdings EHL.AX fall as much as 10% to A$0.905, their lowest level since August 20
** Stock set for its worst session since mid-February 19
** The mining services provider expects FY26 operating EBITDA between A$290 million and A$295 million ($203.78 million -$207.30 million), lower than the A$301 million posted year ago
** Says the outlook reflects a moderately softer close to FY26 with customers' operations impacted by wet weather, others, resulting in a short-term reduction in equipment utilisation and a delay in fleet redeployment
** Stock down ~16%, YTD, including the session's moves
($1 = 1.4231 Australian dollars)
(Reporting by Anjali Singh in Bengaluru)
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