Fletcher Building said it has lifted its outlook for fiscal 2026 continuing operations earnings before interest and tax, excluding significant items, to a range of $400 million to $403 million. The new forecast is about 6.4% above the company’s prior guidance and includes $52 million from surplus property sales.
When those property sales are stripped out, the company now expects continuing operations EBIT of $348 million to $351 million. That figure is about 3.6% higher than the midpoint of the outlook it issued in mid-June.
Market reaction and outlook
Shares of the New Zealand construction management company rose 6.8% on the Australian Securities Exchange to A$2.9700 following the update. Fletcher Building said its current projects are moving ahead well, but it also cautioned that broader economic uncertainty and higher cost inflation are likely to affect first-half fiscal 2027 results.
Source: nasdaq.com
