Australia's SGH slides on full-year earnings miss, soft outlook

SGH

11/08/2026 01:18

** Shares of Australia's SGH SGH.AX fall as much as 9.8% to A$41.81, posting their biggest intraday pct loss since August 12, 2025
** Industrial conglomerate logs FY EBIT of A$1.55 billion ($1.10 billion), up 1% from prior year, and broadly flat net profit after tax of A$920 million
** Jefferies says FY EBIT a 1% miss compared with VA consensus estimate, driven by misses in energy, media businesses and industrial equipment hire company Coates
** SGH says it expects to deliver flat to low single-digit EBIT growth in FY27; Jefferies says guidance below VA expectations 
** Jefferies says it expects the A$500 million share buyback plan to provide EPS support into FY27
** "Concerns on Australian macro point to further potential earnings risks into FY27," Jefferies says in a note
** Jefferies retains "hold" rating on stock 
** YTD, stock down over 8%, including session's moves 
($1 = 1.4174 Australian dollars)

 (Reporting by Shruti Agarwal in Bengaluru)
 ((Shruti.Agarwal@thomsonreuters.com;))