New Zealand · Delayed Price · Currency is NZD Steel & Tube Holdings Earnings Call Transcripts
Fiscal Year 2026
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First half FY2026 saw challenging conditions with a net loss of NZD 12.4 million, but Perry's Galvanizing outperformed and drove revenue and margin improvements. Cost reductions and efficiency gains position the business for recovery as demand gradually returns.
Fiscal Year 2025
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The meeting reviewed a challenging year marked by economic headwinds, cost reductions, and strategic investments, including the Perry Metal Protection acquisition. The board and management addressed shareholder questions on acquisitions, market share, and future profitability, with voting outcomes favoring all resolutions.
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Faced with a tough economic climate, the company reported a net loss and lower revenues but maintained positive normalized EBITDA and strong cash flows. Strategic acquisitions, cost reductions, and sector diversification position it for recovery as market conditions improve.
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Announced a major acquisition expected to be earnings accretive, despite reporting a net loss and 25% revenue decline year-on-year. Signs of market recovery are emerging, with cost savings and new product launches supporting future growth.
Fiscal Year 2024
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The meeting addressed challenging market conditions, cost inflation, and a focus on resilience, with strong cash flows, no borrowings, and a robust dividend. Strategic initiatives include M&A, digital innovation, and sustainability, while shareholders approved all resolutions and re-elected directors.
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Delivered solid results despite a 19% revenue decline and 21% volume drop, maintaining strong margins and net cash. Cost reductions and a focus on high-value products position the business for recovery in 2025, with infrastructure and M&A as key growth drivers.