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: 20/10/2022

Directors and Executives

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

Announcements

Title Date Type
Change of Director's Interest Notice Wed, Nov 29 2023 08:45 am SHINTR
Change of Director's Interest Notice Wed, Nov 29 2023 08:40 am SHINTR
Change of Director's Interest Notice Fri, Nov 17 2023 04:01 pm SHINTR
UBS Australasia Conference presentation Tue, Nov 14 2023 08:57 am GENERAL
Annual Meeting of shareholders results Wed, Nov 08 2023 02:42 pm GENERAL
Annual Meeting of shareholders presentation Wed, Nov 08 2023 09:16 am MEETING
Updated - Dividend/Distribution - ASX Appendix 3A.1 Mon, Oct 09 2023 11:06 am GENERAL
2023 Notice of Annual Meeting of shareholders Fri, Sep 29 2023 09:04 am MEETING
Appointment of Nicola Greer to Vulcan’s Board Mon, Sep 04 2023 04:22 pm GENERAL
Correction to FY23 Annual Report Thu, Aug 31 2023 09:47 am ANNREP

Major Holdings Announcements

Date Name No. Held % Current
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 Helen Cynthia Moore, Patrick James 5,400,000 6.85 4.11
08/11/21 Vulcan Sale Company Limited - 39.83 -
08/11/21 Rhys Jones and Lorraine Susan Taylo 4,718,000 5.98 3.59
08/11/21 Wide View Enterprises Limited 4,604,009 5.84 3.50
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
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 104.0 79.1 57.0 1,275.0 185.2 228.2
high 104.0 79.1 57.0 1,275.0 185.2 228.2
low 104.0 79.1 57.0 1,275.0 185.2 228.2
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: 02/06/2023


Markets News

NZ sharemarket lifts into positive territory for the year
Markets Market close

NZ sharemarket lifts into positive territory for the year

The S&P/NZX 50 Index closed at 11,496.61, up 33.12 points or 0.29%.

Graham Skellern 07 Dec 2023
Markets

Air NZ’s 'small but mighty' step towards green aviation

The carrier has bought an all-electric aircraft from Beta Tech, to be delivered in 2026.

Ben Moore 07 Dec 2023
Air NZ’s 'small but mighty' step towards green aviation
Markets

Xero, Tourism Holdings, NZME among Deloitte Top 200 winners

The prestigious Deloitte Top 200 Awards winners were revealed on Wednesday evening.

Staff reporters 07 Dec 2023
Xero, Tourism Holdings, NZME among Deloitte Top 200 winners
Markets

ComCom: Is it time to deregulate fibre broadband?

The review is the first under a new regulatory regime.

Staff reporters 07 Dec 2023
ComCom: Is it time to deregulate fibre broadband?
Finance

Fonterra lifts payout, earning forecast

The lift comes after the recent lift in global prices.

Riley Kennedy 07 Dec 2023
Fonterra lifts payout, earning forecast