Subscribe today - find out more
Why you should consider BusinessDesk
CORONAVIRUS

The vaccine tracker: check here for how NZ's rollout is progressing. By Andy Fyers

See details.

Company Profile

Fletcher Building (FBU)

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
'Heightened risk' at Fletcher's until review is complete – Jarden
Wed, Nov 24 2021

Investment house Jarden isn't changing its view on Fletcher Building despite its exposure to a government instigated market review of the building supplies sector.In a research note, analysts Gran

Pink Batts probe; Shell wins Meridian auction
Mon, Nov 22 2021

And then the groceries sector, which may now be in line for a just-as-disruptive wholesale carve-up that Foodstuffs and Woolworths are worried aboutNow it is the building materials’ market&rsquo

ComCom microscope shifts to building supplies
Sun, Nov 21 2021

The Commerce Commission has been given the green light to investigate the building supplies sector, with a view to slowing rampant housing inflation.Commerce and consumer affairs minister David Clark

My Net Worth: Tenby Powell, co-owner, Hunter Powell Investments
Sun, Nov 14 2021

I landed at building products group Fletcher ChallengeThe HR director who recruited me, John Hart, had coached the All Blacks.Tenby Powell in Antarctica, 2012. Skellerup Group then headhunted meI

Weta’s metamorphosis in the age of empires
Fri, Nov 12 2021

All for the princely sum of US$1 billion in cash and another US$625 million of stock in new owner, Unity Software.It’s easy to see this as the start of an exit and it wouldn’t be surprisin

Vulcan shares up 2.3% on public debut
Thu, Nov 04 2021

All things equal it should be a sound debut,” he said.Harder, stronger Vulcan Steel has grown much fast than its listed peer Steel & Tube over the past three years, growing revenue from $685

Wake Up Call: It's taper time
Thu, Nov 04 2021

Councillors also face a decision on the popular weekend Wynyard quarter 1.5km tram loop that was put in place to bring people to the new developmentThe city’s redevelopment arm, Eke Panuku Board

Fonterra directors expected the share and unit prices to fall
Mon, Nov 01 2021

He has been on Fonterra's board since 2016.Hassall's experienceHassall, who joined Fonterra's board in 2017, had a 35-year career as a chartered accountant and was chief executive of PwC b

Building the enfant terrible of NZ funds management
Mon, Oct 25 2021

That’s appropriate for his grand plans – as any devotee of the Showtime series Billions can attest, a larger-than-life personality and penchant for controversy is a prerequisite for a hedg

Mainfreight boss calls for vaccine mandates
Wed, Oct 20 2021

How Spark dealt with contractors would also be determined by the risk assessment.Meridian was also working through risk assessments, a spokeswoman saidIt had been in contact with contractors to discus

Wake Up Call: name changes for NZ cheese?
Wed, Oct 20 2021

The programme will invest in both small-scale projects including papakāinga, and larger iwi-led developmentsCompanies such as Fletcher Building are expected to be at the forefront of joint applicatio

Thiel’s luxury lodge plans face green hurdle
Wed, Oct 20 2021

The council’s plan recognises any development of outstanding natural landscapes is inappropriate unless landscape values are protected and any structures will be reasonably difficult to see from

Announcements
Title Date Type
Notice of on-market share buyback Mon, Nov 29 2021 09:39 am SECISSUE
Notice of on-market share buyback Fri, Nov 26 2021 08:43 am SECISSUE
Notice of on-market share buyback Thu, Nov 25 2021 09:29 am SECISSUE
Notice of on-market share buyback Wed, Nov 24 2021 09:09 am SECISSUE
D&O Ongoing Disclosures – Multiple Tue, Nov 23 2021 10:11 am SHINTR
Notice of on-market share buyback Fri, Nov 19 2021 08:55 am SECISSUE
Notice of on-market share buyback Thu, Nov 18 2021 09:31 am SECISSUE
Notice of on-market share buyback Wed, Nov 17 2021 11:23 am SECISSUE
Notice of on-market share buyback Fri, Nov 12 2021 08:46 am SECISSUE
Notice of on-market share buyback Thu, Nov 11 2021 09:24 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
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
20/03/18 Commonwealth Bank of Australia 41,967,254 5.02 6.02
26/02/18 BlackRock Inc 33,945,188 6.04 4.87
Director’s Interests Announcements
Date Name No. Held % Details Other
12/11/21 Catherine Agnes Quinn 28,310,500 - - -
21/10/21 Ross Harold Taylor 1,136,745 - - -
21/10/21 Andrew Campbell Clarke 162,944 - - -
21/09/21 Bevan John McKenzie 302,509 - - -
04/10/19 Peter Charles Crowley 20,000 - - -
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 Martin Brydon 20,000 - - -
10/10/18 Barbara Joan Chapman 20,000 - - -
10/10/18 Bruce Ronald Hassall 22,242 - - -
07/09/18 Doug McKay 20,000 - - -
29/05/18 Antony John Carter 67,019 - - -
29/05/18 Ralph J Norris 25,973 - - -
29/05/18 Alan Trevor Jackson 30,606 - - -
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 352.3 449.5 44.5 29.8 8,252.8 687.1 1,000.9
high 391.7 449.5 51.0 33.0 8,252.8 687.1 1,059.5
low 313.0 449.5 37.9 26.5 8,252.8 687.1 942.4
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: 19/11/2021
Markets
The next carbon auction: predicting the unpredictable
Ian Llewellyn | Tue, 30 Nov 2021

The fourth auction will offer up 4.75 million New Zealand units with the current spot price trading near $65.

Technology
Push to train Māori and Pacific for tech careers
Henry Burrell | Tue, 30 Nov 2021

Amazon’s cloud computing arm is training people in tech with guaranteed internships and a possible job at the end. 

Finance
Bank mortgage lending less frenzied but agri-lending falls
Jenny Ruth | Tue, 30 Nov 2021

All five largest banks except Westpac increased their lending to business in the September quarter. 

© Content Ltd 2021.