Edition:
United States

Fletcher Building Ltd (FCREY.PK)

FCREY.PK on OTC Markets Group

10.84USD
26 May 2017
Change (% chg)

$-0.07 (-0.64%)
Prev Close
$10.91
Open
$10.84
Day's High
$10.84
Day's Low
$10.84
Volume
200
Avg. Vol
801
52-wk High
$16.37
52-wk Low
$10.84

Latest Key Developments (Source: Significant Developments)

Fletcher Building updates on FY 2017 forecast
Sunday, 19 Mar 2017 03:36pm EDT 

Fletcher Building Ltd : Company now expects operating earnings before interest, tax and significant items to be between NZ$610 million to NZ$650 million for FY 2017 . Now expected that construction division as a whole will report a loss at ebit level for FY2017 . Revised guidance is due to identification of additional estimated losses and downside risk in buildings and interiors ("B+I") business . Trading for Fletcher Building's other divisions remains in line with expectations previously discussed in first half earnings commentary ."Company remains comfortably within its banking covenants and target debt metrics and expects to continue to do so".  Full Article

Fletcher Building requests for trading halt
Thursday, 16 Mar 2017 06:26pm EDT 

Fletcher Building Ltd : Seeks trading halt pending announcement regarding reviewing financial performance of construction division and impact on earnings guidance .Trading halt to commence from commencement of trading on 17 March 2017.  Full Article

Fletcher Building says HY revenue up 4 pct
Tuesday, 21 Feb 2017 02:31pm EST 

Fletcher Building Ltd : hy revenue up 4% to $4,613m . hy operating earnings before significant items up 12% to $310m . interim dividend up 5% to 20 cents per share. . operating earnings for the 2017 financial year are expected to be in the range of $720 million to $760 million . the dividend reinvestment plan will be operative for this dividend payment. . strong macro-economic conditions expected to continue to benefit fy17 for nz business . "asia: showing signs of improving volumes but remain competitive" . for Europe, mixed outlook with growth in UK offset by weaker continental Europe . further improvement to come from Formica businesses . fy17 capex forecast to be $275-325m versus $300m in fy16 . fy17 depreciation forecast to be $210-220m versus $194m in fy16 .all figures in NZ$.  Full Article

Fletcher Building announces appointment of Bevan Mckenzie as CFO
Wednesday, 28 Sep 2016 06:11pm EDT 

Fletcher Building Ltd : Says appointment of Bevan Mckenzie as CFO .Announced resignation of Gerry Bollman as chief financial officer.  Full Article

Fletcher Building sees 2017 capital expenditure to be $275 mln to $325 mln
Tuesday, 16 Aug 2016 04:44pm EDT 

Fletcher Building Ltd : Says New Zealand residential construction activity is expected in terms of divisional outlook . 2017 capital expenditure is expected to be in the range of $275 million to $325 million . Says the New Zealand dollar is expected to gradually weaken fully loading our new laminate plant in China . For FY 2016, operating earnings expected to be in the range of $720 million to $760 million . Australian residential activity is expected to gradually decline over the next three years following its peak in 2016" .All figures in NZ$.  Full Article

Fletcher Building to sell Rocla Quarry products business
Tuesday, 18 Aug 2015 06:40pm EDT 

Fletcher Building Ltd:Fletcher Building to sell rocla quarry products business.Deal for approximately A$203 million Says upon completion, Fletcher Building expects to record a pre-tax profit of approximately A$100 million.Fletcher will continue to own and operate rqp until completion of transaction, which is expected to be by the end of January 2016.Transaction does not affect ownership of Fletcher building's rocla pipes & concrete products or winstone aggregates businesses.Says "in addition, there will be an adjustment for working capital on completion of the sale".  Full Article

More From Around the Web

Australia shares end lower; NZ dragged by Fletcher Building

March 20 Australian shares ended lower on Monday, on worries over global trade protectionism with financials and real estate stocks leading the losses.