Fletcher Building Ltd
FBU: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|RM | LOCK|Mr< | LOCK|Q@rnZW |
Fletcher Building: Investor Day Shadowed by More Costs and Earnings Downgrade
Fletcher Building made three material announcements at its investor day: a downgrade in fiscal 2025-adjusted EBIT, now about 9% lower than midyear guidance; significant costs of up to NZD 780 million; and dividend payments paused until the balance sheet improves. Shares fell 3%.
