NZ's Fletcher Building raises annual operating earnings outlook, sees recovery pains ahead
08/07/2026 21:49
NZ's Fletcher Building raises annual operating earnings outlook, sees recovery pains ahead July 9 (Reuters) - Fletcher Building FBU.NZ on Thursday raised its operating earnings guidance for fiscal 2026, but flagged that input cost uncertainty resulting in delays or cancellations of new projects could impact a recovery in the first half of fiscal 2027.
The New Zealand-based construction materials maker said it now expects earnings before interest and taxes of NZ$400 million-NZ$403 million ($228.04 million-$229.75 million) for the financial year 2026, compared with its earlier forecast of NZ$375 million-NZ$380 million.
($1 = 1.7541 New Zealand dollars)
(Reporting by Nikita Maria Jino in Bengaluru)
Recent news on Fletcher Building
See all newsBrief: Fletcher Building Says Group Made Better Start To FY27
NZ's Fletcher Building drops to 5-month low after Morningstar flags weak housing market
Morningstar keeps fair value unchanged for NZ's Fletcher Building; says business strong but market weak
Brief: Fletcher Building Limited Says Forward Outlook Remains Uncertain
NZ's Fletcher Building warns on first-half earnings, swings to annual profit (updated)