Steel & Tube Holdings Limited (NZX: STU) has today provided updated earnings guidance for the financial year ending 30 June 2023 (FY23).
The company expects the full year financial results to be at the top end of the guidance previously provided on 10 May 2023, with Normalised EBITDA of $52-53 million and Normalised EBIT of $31-32 million.
The company has ended the financial year with no bank debt and a positive cash balance of $6.5 million.
CEO Mark Malpass said the company has focussed on providing high levels of service to customers while strengthening the core business.
Steel & Tube expects to release its full year FY23 results on Monday 21 August 2023.
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