Fletcher Building - WA Pipes Joint Industry Response Finalised
Fletcher Building (FBU) announced that the joint industry response (JIR) for its Pro-Fit pipe leak issues in Western Australia has been finalised.
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Fletcher Building - Repaying the Bank
Fletcher Building (FBU) is raising NZ$700m of equity to lower its elevated debt position. We calculate the raise is high-teens dilutive, adding...
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Fletcher Building - Paying the Piper
Fletcher Building (FBU) announced that it has agreed terms with the Western Australian government and most builders for a joint industry response...
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Fletcher Building - FY24 Result — The Cycle Bites
Looking through cyclically low near-term earnings, FBU is trading on a two-year forward PE of 11.5x, which is in line with its long run average....
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Fletcher Building - FY24 Preview — Tools Down
We expect FY24 EBIT of NZ$514m, down materially on FY23, but in the middle of FBU's guidance range of NZ$500m–$530m EBIT, which includes...
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