Half Year 2025 Fleetwood Ltd Earnings Call Transcript
Key Points
- Fleetwood Ltd (ASX:FWD) reported a significant increase in Earnings Before Interest & Taxes (EBIT) to $10.4 million, up 65% from the previous half.
- The company's Net Profit After Tax increased by 18% to $4.7 million compared to the first half of FY '24.
- A fully franked dividend of $11.5 per share was declared, nearly five times the dividend paid in the first half of the previous year.
- The Community Solutions segment showed strong performance with EBIT of $16.8 million on $33.5 million of revenue, driven by high occupancy rates.
- Fleetwood Ltd's Building Solutions segment saw EBIT more than double to $7.1 million, supported by a strong order book and improved project execution.
- The RV Solutions segment faced challenges due to cost-of-living pressures, resulting in a $6 million impairment and a $1.9 million restructuring cost.
- The RV Solutions business reported operating losses due to softer demand and an inability to pass on price increases to OEMs.
- Fleetwood Ltd's strategic review of the RV Solutions segment highlighted ongoing challenges in consumer discretionary spending.
- The New South Wales government's modular taskforce has not shown significant progress, limiting opportunities in that region.
- Victoria's market was noted as softer, although underpinned by strong government work in the education sector.
Thank you for standing by and welcome to the Fleetwood Limited, first half '25 results call.
(Operator Instructions). I would now like to hand the conference over to Mr. Bruce Nicholson, CEO. Please go ahead.
Thank you. I'm pleased to welcome you, our investor webinar to present our financial results, for the first half of 2025 financial year and share an update on the outlook for our future. Thanks to everyone for joining us today.
Just some housekeeping. There'll be an opportunity for questions at the end of the presentation for those who have registered for the conference call. We'll do our best to address all the questions today. However, if we do run out of time, feel free to reach out afterwards, and we'll ensure that we get back to you in due course.
I'd like to acknowledge the traditional owners of the land in which we meet today. For Cate and myself, it's the Gadigal people of the Eora Nation, here in Sydney and we pay our
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
