Fletcher's results and outlook wows investors

Jarden analyst Grant Swanepoel said it's a very positive result. (Image: supplied)

Wed, 16 Feb 2022

Fletcher Building wowed investors with a mostly stronger-than-expected first-half result and a significantly higher full-year forecast than analysts had pencilled in.The company reported a 41% jump in first-half net profit to $171 million, although earnings before interest and tax (ebit) were up just 3% to $332m.Chief executive Ross Taylor is forecasting full-year ebit before significant items to come in at about $750m, much higher than the analysts' consensus forecasts.Forsyth Barr put the latter at $697m while Jarden said Bloomberg consen...

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