Fletcher Building Ltd
FBU: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|J# | LOCK|TY | LOCK|NpzW<r |
Fletcher Earnings: We Expect Less Drama With the Construction Business Sold
Fletcher's first-half fiscal 2026 adjusted EBIT of NZD 145 million was flat on the prior year, on a like-for-like basis. Although cyclical weakness in the residential sector persists, management has been pursuing its turnaround plan, including the sale of assets such as the construction business.
