Brickworks Cuts Jobs Amid Weak Construction Demand
Brickworks says it has laid off staff as it suffered a 10% slide in its Australian sales revenue over the last four months.
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Brickworks, Soul Patts Hang Tough On Dividends Despite Headwinds
While coronavirus uncertainty has seen Brickworks join the long list of companies dropping guidance, the interim payout was boosted. Parent Soul Patts has also lifted its interim dividend by a cent to 25 cents a share, despite a 33% fall in NPAT.
Read MoreBKW – Macquarie rates the stock as Neutral
At its AGM, Brickworks noted it expects a short down-cycle for building products locally, with order intake improving in the first half next year. Property should perform well in FY20 from further development completions.
Read MoreBKW – Citi rates the stock as Neutral
Citi notes Brickworks’ FY19 performance beat the company’s own guidance (4% growth versus flat guidance), broadly showing off the inherent resilience that stems from a diversified set of operations. Record earnings from the Property business helped, of course.
Read MoreProperty Earnings Boost Brickworks, Soul Patts Up Payout
Shares in Australia’s biggest brick maker Brickworks jumped more than 6% yesterday despite a weak full-year result. Meanwhile, the weak performance by Round Oak Minerals saw Washington H Soul Pattinson, Brickworks’ major shareholder report a 7% decline in earnings for the year to the end of July.
Read MoreBrickworks, Soul Patts Survive Property Downturn
A strong surge in the contribution from its property business allowed Brickworks Ltd, part of the Washington H Soul Pattinson Group of companies to report a solid improvement in interim net profit for the six months to January 31.
Read MoreBKW – Deutsche Bank rates the stock as Buy
FY18 underlying net profit was ahead of expectations. Management has indicated residential activity is likely to decline in major east coast markets while energy prices will significantly affect earnings. A solid contribution from land and development is expected.
Read MoreBKW – Macquarie rates as Neutral
First half results were ahead of expectations. Macquarie expects the residential cycle to continue supporting building products while the property business is a store of value for the group.
Read MoreInvestment Earnings Underpin Brickworks
Building products group Brickworks’ full-year net profit has more than doubled to $186.2 million, helped by a land sale and increased investment earnings, but not so much its signature building products arm – its brick manufacturing operations.
Read MoreChallenges Ahead For Brickworks
Brickworks ((BKW)) has substantially upgraded its guidance for net profit in FY17, as a result of continued strength in its land & development portfolio. Building products on the east coast are also robust and holding strongly for now, although brokers suggest the headwinds may be mounting.
Read MoreBKW – Deutsche Bank rates the stock as Buy
First half results were ahead of Deutsche Bank’s expectations, largely on the back of the investment earnings.
Read MoreBrickworks Profits Rises 35%
Linked companies, Washington H. Soul Pattinson and Brickworks are major shareholders in each other, and share board members. And they also share a rather parsimonious approach to rewarding shareholders.
Read MoreSlower Going Seen Beyond FY17 For Brickworks
Brickworks (BKW) has laid a solid foundation in FY16, beating earnings and dividend expectations for its investment portfolio and expanding margins in building products. Management is positive regarding Australia’s housing outlook but provided no formal guidance with the results.
Read MoreSlower Going Seen Beyond FY17 For Brickworks
Brickworks (BKW) has laid a solid foundation in FY16, beating earnings and dividend expectations for its investment portfolio and expanding margins in building products. Management is positive regarding Australia’s housing outlook but provided no formal guidance with the results.
Read MoreBrickworks Sees Solid Outlook
Building materials group Brickworks (BKW) has given a bullish outlook for the sector running into 2017.
Read MoreBuilding Boom Boosts Brickworks
Building products and property group, Brickworks Ltd has confirmed it is expecting better than anticipated earnings for the 2015-16 financial year, thanks to buoyant building activity coupled with a higher than expected contribution from its property development arm.
Read MoreBuilding Boom Boosts Brickworks
Brickworks shares fell yesterday despite a record interim profit and higher dividend, all thanks to the booming housing sector.
Read MoreBrickworks On Firm Course In FY16
Brickworks (BKW) is in a purple patch. Not because of its investments, which largely disappointed brokers in the FY15 results, but because of its strong leverage to the buoyant building product market as well as its substantial land bank.
Read MoreBKW – Morgans rates the stock as Hold
FY15 results were ahead of expectations. Morgans notes building products benefitted from both volume growth and price rises and this should continue in FY16.
Read MoreBrickworks Sees Housing Stronger For Longer
Australia’s biggest brick maker, Brickworks (BKW) has rejected claims from some in the building industry that the home building and apartment boom in the eastern states is nearing a peak, with a big drop to follow.
Read MoreBKW – Morgans rates the stock as Hold
FY15 results were ahead of expectations. Morgans notes building products benefitted from both volume growth and price rises and this should continue in FY16.
Read MoreBrickworks In A Sweet Spot
Brickworks (BKW) is luxuriating in a strong residential construction environment on Australia’s east coast as demand for bricks runs up against capacity, while management also forecasts an increase in earnings from investments in the second half.
Read MoreBrickworks Sets Itself To Ride Building Boom
Brickworks Ltd (BKW) has lifted its interim dividend despite a slight fall in half-year net profit because it expects to keep reaping the rewards of the current upturn in housing activity, which “shows no sign of easing”.
Read MoreBrickworks Underpinned By Dwelling Activity
One of the best residential construction scenarios in many years underpins the Brickworks (BKW) building products business. This segment of the company is benefiting from the upturn in dwelling activity, with improved volume and profitability in bricks, roof tiles, masonry and pre-cast concrete. Investment and property earnings, while remaining relatively stable over the longer term, are likely to take a back seat in FY15.
Read MoreBrickworks To Enjoy Profit Surge In 2015
Thanks to the still high levels of new home and apartment building, Brickworks (BKW) says it’s heading towards the best market conditions it has faced in more than a decade, as the building products group reported a 20.7% jump in full-year net profit to $102.8 million.
Read MoreBrickworks: Low Margin, High Returns?
Brickworks isn’t really a brick business. Bricks, along with masonry products, roofing and precast concrete, generate only about a quarter of profits. Property development and the sale of surplus land contribute another third but the largest part of Brickworks is its 42.7% stake in sister company Soul Pattinson.
Read MoreBrickworks Enjoys Benefits Of Housing Recovery
Brickworks (BKW) has maintained that FY14 earnings should comfortably exceed FY13. The proportion of the segments contributing earnings to the building material and investment conglomerate are seen changing, nonetheless. Brokers expect that building products will increase, thanks to a housing recovery, while the contribution from investments, notably in thermal coal, will decline. The property trust joint venture is expected to become increasingly important.
Read MoreBrickworks Rides The Housing Recovery
First it was Boral (BLD) with its interim profit, revealing a sharp improvement as the local building boom kicked in – next week it will be CSR no doubt reporting signs of life.
Read MoreBKW – Macquarie rates the stock as Outperform
Macquarie has updated estimates on the back of recent building approvals data as well as the sale of Rochedale North. Current forward indicators suggest 2014 should reveal improved volumes for Brickworks.
Read MoreBKW – UBS rates the stock as Buy
The final result was marginally below UBS expectations with building products better, but land weaker, the analysts say.
Read MoreBKW – Macquarie rates the stock as Upgrade to Outperform
Analysts at Macquarie have been forced to redo their numbers and assumptions following persistent share price weakness for the shares. Apparently, they could not find any reason to slash earnings estimates and the $15.50 price target has remained intact as well.
Read MoreBrickworks Sees Building Growth
The impact of the federal government’s stimulus spending has shown up in a first quarter trading update by Brickworks. The country’s leading brick and tile maker.
Read MoreBKW – RBS Australia rates the stock as Buy
Full year earnings were $113.7m, the broker noting the result showed a stronger balance sheet and diversification in group earnings.
Read MoreBKW – UBS rates the stock as Neutral
A solid result in a tough market, UBS says, but in line with expectations.
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