Vulcan Steel

Vulcan Steel was founded by Peter Wells in Auckland in 1995 as a steel distribution business. 

The company has grown dramatically since then, both organically and through acquiring 10 established businesses. 

Vulcan entered the Australian market in 2002 through the acquisition of 50% of Horan Steel, and its most important purchase was Sandvik’s Australasian stainless steel distribution business in late 2014. It bought the remaining 50% of Horan Steel in 2019. 

The company is now in 16 locations around Australia, with 460 staff, and 13 locations in New Zealand, with 382 employees here. Last year it generated $451.1 million worth of sales in Australia and $280.4m in New Zealand.

See original story by Brian Gaynor.


Company Details

Registered Office: 29 Neales Road, East Tamaki, Auckland 2013, New Zealand
Postal Address: 29 Neales Road, East Tamaki, Auckland 2013, New Zealand
Telephone: +6492737214
Facsimile: n/a
Website: https://vulcan.co/
First Listed: 04/11/2021
Balance Date: 30 June
AGM: 08/11/2023

Directors and Executives

Wayne Boyd
Non-Executive Director
Adrian Casey
Chief Operating Officer
Russell Chenu
Chair
Bart de Haan
Independent Non-Executive Director
Nicola Greer
Independent Non-Executive Director
Rhys Jones
Chief Executive Officer and Managing Director
Sarah-Jane Lawson
Company Secretary
Carolyn Steele
Independent Non-Executive Director
Kar Yue Yeo
Chief Financial Officer

Announcements

Title Date Type
Vulcan expands lead team Mon, Sep 09 2024 08:30 am GENERAL
2024 Annual Meeting of shareholders date Wed, Aug 28 2024 08:30 am MEETING
FY24 – ASX Appendix 3A.1 Dividend for FY24 Tue, Aug 27 2024 09:36 am ANNREP
FY24 – Corporate Governance Statement and ASX Appendix 4G Tue, Aug 27 2024 08:30 am ANNREP
FY24 – ASX Appendix 4E – Full year report Tue, Aug 27 2024 08:30 am ANNREP
FY24 – Full year results announcement Tue, Aug 27 2024 08:30 am ANNREP
FY24 – Investor presentation Tue, Aug 27 2024 08:30 am ANNREP
FY24 – Annual Report and Financial Statements Tue, Aug 27 2024 08:30 am ANNREP
Notification of FY24 Results/Reporting Date Wed, Aug 07 2024 08:51 am GENERAL
SPH Notice - New Zealand Superannuation Fund Nominees Ltd Mon, Jul 01 2024 02:41 pm SHINTR

Major Holdings Announcements

Date Name No. Held % Current
11/08/23 Mayoral Trust Limited as trustee of 9,247,780 - 7.04
25/01/23 Forsyth Barr Investment Management 7,923,216 5.01 6.03
07/03/22 Takutai Limited as trustee of the T 18,666,039 14.01 14.20
08/11/21 Rhys Jones and Lorraine Susan Taylo 4,718,000 5.98 3.59
08/11/21 Helen Cynthia Moore, Patrick James 5,400,000 6.85 4.11
08/11/21 Adrian John Casey, Henderika Fiona 5,870,711 7.45 4.47
08/11/21 Partitio Trustee Limited as trustee 7,303,688 9.26 5.56
08/11/21 Vulcan Sale Company Limited - 39.83 -
08/11/21 Wide View Enterprises Limited 4,604,009 5.84 3.50
04/11/21 Vulcan Steel Limited 79,064,144 - 60.17

Director’s Interests Announcements

no directors' interests listed

Analysts’ Forecasts

profit2021 profit2022 eps2021 dps2021 sales2021 ebit2021 ebitda2021
mean 59.2 45.0 36.0 1,145.7 122.8 171.6
high 59.2 45.0 36.0 1,145.7 122.8 171.6
low 59.2 45.0 36.0 1,145.7 122.8 171.6
sample 1 0 1 1 1 1 1

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: 13/02/2024


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