The Fletcher Building Ltd (ASX: FBU) share price is in focus after the company reported a return to profit for FY26, with EBIT up 26% and net earnings of $228 million, marking a significant turnaround from last year’s loss.

What did Fletcher Building report?

• Revenue from continuing operations rose 7.3% to $6.0 billion
• EBIT (before Significant Items) from continuing operations lifted 26% to $414 million
• Net profit after tax was $228 million, a swing from a $419 million loss in FY25
• Net cash from operating activities increased to $715 million (up from $501 million)
• Net debt reduced to $637 million, down from $999 million
• No final dividend declared for FY26

What else do investors need to know?

Fletcher Building’s improved performance followed the divestment of its Construction division and other non-core operations, with proceeds used to strengthen the balance sheet. Core manufacturing divisions delivered resilient results in a challenging market, supported by strong cost and capital discipline.

Despite the profit rebound, returns on invested capital remain below company targets. The group’s dividend policy will be reviewed and reset once positive free cash flow is being generated and net debt is within target levels. Management highlighted safety improvements, continued investment in leadership, and progress on sustainability goals.

What did Fletcher Building management say?

Managing Director & CEO Andrew Reding said:

Fletcher Building is significantly more resilient than it was twelve months ago. We have moved at pace to improve our business model, and the strategic reset we set out last year is now starting to deliver tangible results. Our portfolio has been simplified with the divestment of the Construction division and other non-core operating units, and we used the proceeds to strengthen our balance sheet.

What’s next for Fletcher Building?

Fletcher Building expects ongoing market uncertainty to weigh on near-term performance, particularly in the first half of FY27. While market volumes showed gradual improvement in the second half of FY26, a meaningful recovery is not expected until calendar 2027. Management says priorities remain on cost control, completing remaining legacy projects, and ensuring the group is well positioned when conditions improve.

Lower capital expenditure and a continued focus on operational efficiency are set to support further balance sheet strengthening. The dividend policy will be reset when financial targets are achieved.

Fletcher Building share price snapshot

It has been a positive 12 months for the Fletcher Building share price. During this time, the company’s shares have outperformed the S&P/ASX 200 index (ASX: XJO) with a gain of 10%.

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The post Fletcher Building returns to profit in FY26, EBIT up 26% appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The Temple & Webster Group Ltd (ASX: TPW) share price is in focus today after the company posted record FY26 revenue of $665 million and grew underlying EBITDA by 28%.

What did Temple & Webster report?

• Revenue rose 10.6% to $664.6 million
• EBITDA increased 16.6% to $21.9 million, with an underlying EBITDA (ex-FX) jump of 28% to $25.9 million
• Delivered margin improved 5.5% to $201.0 million
• Cash balance at 30 June 2026 was $122.7 million, after $30 million spent on share buy-backs
• Market share grew to 2.9% and active customers rose 5% to approximately 1.3 million
• Repeat customers accounted for 62% of all orders, up from 59% last year

What else do investors need to know?

Temple & Webster highlighted strong contributions from exclusive product lines and adjacent businesses, now delivering over $100 million in annual revenue. The company’s NZ business generated $3 million in revenue since launching in October 2025, and its home improvement segment posted strong growth, up 39%.

The group continues to maintain a capital-light operating model, generating $24 million in operating cash flow. Fixed costs declined as a percentage of revenue, supporting improved margins alongside higher average order values and stable marketing ROI.

What did Temple & Webster management say?

Executive Chair Mark Coulter commented:

Despite a challenging environment, we have been able to deliver record annual revenue of $665 million, while materially improving the underlying profitability of the business through several margin optimisation initiatives. These initiatives, combined with the flexibility of our operating model, resulted in our Underlying EBITDA (excluding unrealised foreign exchange losses) increasing by 28% vs pcp to $26 million.

What’s next for Temple & Webster?

Despite variable market conditions, Temple & Webster is targeting FY27 EBITDA between $33 million and $40 million, up roughly 50–80% from FY26. The company says it is focused on returning to double-digit top-line growth through leveraging digital and AI innovation, strengthening its core online offering, and building further scale in adjacencies like home improvement and New Zealand.

New CEO Susie Sugden has flagged upcoming strategy updates at the AGM and first-half results, with an eye to expanding market leadership in the $40 billion-plus Australian homewares and furniture sector.

Temple & Webster share price snapshot

The Temple & Webster share price certainly has had 12 months to forget, losing almost 80% of its value since this time last year. This compares to a gain of 2% by the S&P/ASX 200 index (ASX: XJO).

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The post Temple & Webster earnings: Record revenue and profit growth in FY26 appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has positions in Temple & Webster Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Temple & Webster Group. The Motley Fool Australia has recommended Temple & Webster Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The Turners Automotive Group Ltd (ASX: TRA) share price is in focus today after releasing its FY26 results, with revenue climbing 9% to $451.2 million and a record full-year dividend of 33.0 cents per share, up 14%.

What did Turners Automotive Group report?

• Revenue rose 9% to $451.2 million in FY26.
• Normalised EBIT increased 14% to $70.6 million.
• Normalised NPAT jumped 18% to $45.6 million (excluding one-off intangible impairments).
• Reported NPAT was $38.2 million, down 1%, reflecting a $7.5 million impairment in the credit management division.
• Final dividend declared at 9.0 cents per share, bringing the full year total to 33.0 cents, up 14% and fully imputed.
• Shareholders’ equity stood at $318 million as at 31 March 2026.

What else do investors need to know?

Turners delivered another record profit in a tough consumer environment, lifted by strong gains in its auto retail, finance, and insurance divisions. The group’s funding position improved, with a $200 million securitisation facility and expanded banking lines providing additional firepower for growth and branch expansion.

Ongoing economic headwinds, including higher fuel prices and the Middle East conflict, slowed the New Zealand automotive market late in FY26. However, the company’s diversified portfolio and disciplined management of stock, margins, and credit quality helped offset these pressures.

What’s next for Turners Automotive Group?

Turners is targeting $65 million normalised NPBT in FY27 and remains committed to its longer-term ambition of $100 million by FY31. The company plans further expansion of its auto retail network, underpinned by a strong balance sheet and stable funding.

While short-term challenges persist, management remains confident in its strategy and expects diversified earnings streams—from finance, insurance, and auto services—to provide resilience as the market recovers.

Turners Automotive Group share price snapshot

Over the past 12 months, Turners Automotive Group shares have risen 20%, outperforming the All Ordinaries Index (ASX: XAO), which has risen 1% over the same period.

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The post Turners Automotive Group posts record FY26 results and lifts dividend appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.