CEO Andrew Reding said FY26 marked the end of the first stage of the turnaround, with portfolio simplification and ROIC discipline now embedded. The outlook for the current year was delivered.
Fletcher Building said the 2026 financial year closed the first stage of its corporate turnaround. The builder now shifts focus to the next phase of the plan.
CEO Andrew Reding told the full-year results call that the year ended June 30 "signifies the end of the first stage of our turnaround. The first stage was the initial hard work to turn around this group, and we have now completed that."
Reding said the company made progress on portfolio simplification and ROIC discipline. He also said the company sharpened its focus on performance across the business.
Group CFO William Wright presented the financial results in detail. Reding later returned to deliver the outlook for the current year.
Analysts from Jefferies, Goldman Sachs, Craigs Investment Partners, JPMorgan, Forsyth Barr, UBS, E&P, Jarden, and MST Financial Services participated in the question session.
The transcript did not disclose specific financial figures in the opening remarks.
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