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Company Profile

Fletcher Building

Fletcher Building is a diversified provider of building materials and construction services to the New Zealand and Australian markets. The company serves the residential and commercial construction industries with a combination of manufacturing, distribution and retail sites totalling almost 500 locations.

Fletcher also operates a vertical concrete business consisting of 18 quarries, 1 cement manufacturing plant and a concrete products company.

The company’s construction business operates in a range of sectors from residential to large infrastructure and public projects through 10 different subsidiary companies. Fletchers 15,000+ employees have been led by CEO Ross Taylor since 2017.

Our Coverage
Concrete: govt eyes carbon border tax
Wed, May 18 2022

The Golden Bay operation is under the ETS and pays a carbon price for its emissions, as well as getting a free allocation.BusinessDesk is seeking more details from the environment ministry about the w

NZ shares slide on recession risk
Tue, May 17 2022

 Fletcher Building also fell 2.7% to $5.85.My Food Bag dropped 2.5% to 78 ahead of its earnings result on FridaySerko, which is reporting tomorrow morning, fell 2.1% to $4.70.Forsyth Barr restart

NZ and Aussie dollars drop to two-year low
Fri, May 13 2022

“And the strength of that dollar is pushing it up in NZ.”He said the aged care sector had a “better day today”, which was why the index hadn’t fallen by much by the close

Reading the tea leaves: did Fletcher upgrade or downgrade?
Fri, May 13 2022

Coyote – there's one to test the younger readers – import competition on the building products side has gotten more expensive again."And even if you can get imported product, good

Fletcher appoints Phillip Boylen to head construction division
Mon, May 02 2022

Fletcher Building chief executive Ross Taylor is a former Tenix managing director."Phillip brings a highly relevant skillset to the role, with deep industry knowledge across large projects, const

New CEO for KiwiRail is the old one: Peter Reidy
Mon, May 02 2022

Reidy himself declined to comment.BusinessDesk’s inquiries on Miller’s ascent to the top of KiwiRail found that NZ First regarded the appointment of the KiwiRail chair as a condition of th

Pushpay recovery comes to a halt as global woes dent local market
Wed, Apr 27 2022

Rubber manufacturer Skellerup fell 2.1% to $5.58.Fletcher Building led the benchmark index lower, falling 4% to $6.05.Air New Zealand didn’t have a great day either, falling 1.7% to 87.5 cents,

Wakeup call: Musk's big Twitter move
Tue, Apr 05 2022

But a fifth round of sanctions is being consideredAlso overnight, US President Joe Biden again called Russia's Vladimir Putin a war criminal and said there needed to be a war crimes trial.Aim high

NZ shares fall as Air NZ goes ex-rights
Mon, Apr 04 2022

 While the stock nominally dropped 22.2%, the shares trading on the market have effectively held, or even increased, in value.At Air NZ’s current market price, Air NZ rights – which a

Wakeup call: Revving for orange
Mon, Apr 04 2022

The hospitality and events sectors have been pleading for the change(Stuff, NZ Herald)Gib skyrocketing – A single sheet of Fletcher Building’s Gib plasterboard, which is usually valued at

ComCom study sets sights on Fletcher’s
Sat, Apr 02 2022

Fletcher Building and Carter Holt Harvey will be firmly in the crosshairs of the Commerce Commission after the regulator said its building study will closely examine concrete and cement, plasterboard

Aussie investors are driving our biggest stocks
Sat, Apr 02 2022

They show that three companies – Fisher & Paykel Healthcare (FPH), Fletcher Building (FBU) and A2 Milk – now have more than 50% of their share trading activity on the ASX.Overall, the

Announcements
Title Date Type
Fletcher Building completes share buyback programme Wed, May 18 2022 09:28 am GENERAL
Notice of on-market share buyback Wed, May 18 2022 09:28 am SECISSUE
Notice of on-market share buyback Tue, May 17 2022 09:14 am SECISSUE
Notice of on-market share buyback Mon, May 16 2022 08:59 am SECISSUE
Notice of on-market share buyback Fri, May 13 2022 09:08 am SECISSUE
Notice of on-market share buyback Thu, May 12 2022 09:17 am SECISSUE
Notice of on-market share buyback Wed, May 11 2022 09:33 am SECISSUE
Notice of on-market share buyback Mon, May 09 2022 09:17 am SECISSUE
Notice of on-market share buyback Fri, May 06 2022 08:42 am SECISSUE
Notice of on-market share buyback Thu, May 05 2022 09:07 am SECISSUE
Directors and Executives
Martin Brydon
Independent Director
Barbara Chapman
Independent Director
Andrew Clarke
Company Secretary
Peter Crowley
Independent Director
Bruce Hassall
Independent Chairman
Rob McDonald
Independent Director
Doug McKay
Independent Director
Bevan McKenzie
Chief Financial Officer
Cathy Quinn
Independent Director
Chris Reid
Company Secretary
Ross Taylor
Chief Executive Officer
Company Details
Registered Office: 810 Great South Road, Penrose Auckland 1061
Postal Address: Private Bag 92114, Auckland 1142
Telephone: +64 9 525 9000
Facsimile: +64 9 525 9032
Website: http://www.fletcherbuilding.com/
First Listed: 26/03/2001
Balance Date: 30 June
AGM: 19/10/2021
Major Holdings Announcements
Date Name No. Held % Current
30/03/22 Commonwealth Bank of Australia 39,845,299 5.24 5.00
15/09/21 Schroder Investment Management Aust 29,049,312 4.92 3.56
03/08/21 The Vanguard Group, Inc. 31,252,722 5.56 3.81
24/05/21 Perpetual Limited 40,350,992 5.20 4.90
06/05/21 Perpetual Limited and subsidiaries 45,349,431 6.67 5.50
12/11/20 Allan Gray Australia Pty Ltd and it 40,759,052 5.07 4.95
19/05/20 BlackRock, Inc. and related bodies 41,058,595 5.02 4.98
22/07/19 Ellerston Capital Limited 41,101,839 5.13 4.82
26/02/18 BlackRock Inc 33,945,188 6.04 4.87
Director’s Interests Announcements
Date Name No. Held % Details Other
22/04/22 Andrew Campbell Clarke 1,836 - - -
22/04/22 Ross Harold Taylor 4,960 - - -
23/02/22 Peter Charles Crowley 45,000 - - -
01/12/21 Bruce Ronald Hassall 27,242 - - -
12/11/21 Catherine Agnes Quinn 28,310,500 - - -
21/09/21 Bevan John McKenzie 302,509 - - -
27/09/19 Francis Charles Wingfie 167,613 - - -
28/08/19 Robert Stuart McDonald 50,000 - - -
24/12/18 Steve Vamos 20,000 - - -
10/10/18 Barbara Joan Chapman 20,000 - - -
10/10/18 Martin Brydon 20,000 - - -
07/09/18 Doug McKay 20,000 - - -
29/05/18 Ralph J Norris 25,973 - - -
29/05/18 Alan Trevor Jackson 30,606 - - -
29/05/18 Antony John Carter 67,019 - - -
29/05/18 Cecilia Tarrant 22,559 - - -
12/10/17 John Frederick Judge 1,597 - - -
21/07/17 Mark Duncan Adamson - - - -
Analysts’ Forecasts
profit2021 profit2022 eps2021 dps2021 sales2021 ebit2021 ebitda2021
mean 363.4 468.7 46.9 30.8 8,291.2 734.8 1,024.0
high 413.8 468.7 55.9 35.0 8,291.2 734.8 1,105.6
low 313.0 468.7 37.9 26.5 8,291.2 734.8 942.4
sample 2 1 2 2 1 1 2
Disclaimer
Data on this page is from BusinessDesk and NZX Ltd for information purposes only. Details are believed to be accurate but no warranty is given as to accuracy, timeliness, reliability or completeness. No person should rely on the contents of the report and all persons should obtain independent professional advice before acting on any information connected with or contained in this report.
Last Updated: 22/04/2022
Opinion FREE
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Jenny Ruth | Sat, 21 May 2022

Brian Roche remembers Brian Gaynor as "sorta scary and impressive at the same time – a real 'conscience' of what was right and fair." 

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On the Money: Brian Gaynor tributes, Damien Grant's slip-up, Marsden Point and more
Pattrick Smellie | Sat, 21 May 2022

OTM this week: Tributes to a legend of the NZ investment world, who forgot to BCC their who's who subscriber list, a slightly bemusing no smoking note at the Budget lockup and more. 

Law & Regulation
Unlawful collection of Companies Office fees fixed under urgency
Ian Llewellyn | Fri, 20 May 2022

The Companies Office's administration of fees may have saved costs, but the problem is it was against the law.

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