Boom Logistics Ltd
ASX:BOL
Boom Logistics Ltd
Boom Logistics Ltd. engages in the provision of crane logistics and lifting solutions. The company is headquartered in Southbank, Victoria and currently employs 800 full-time employees. The company went IPO on 2003-10-14. The firm delivers industrial services utilizing operators and equipment, including cranes, travel towers, transport, and other assets, for customers in the mining and resources, energy, utilities, and infrastructure sectors. The company also provides lifting solutions for its customers, using small, medium-sized and large-scale cranes and travel towers. The company has over 260 cranes, ranging from 5 to 750 tons, mobile hydraulic cranes ranging from 15 to 500 tons, and crawler cranes ranging from 50 to 750 tons. The company also has over 120 travel towers, access equipment, boom lifts, and scissor lifts. The company also provides a fleet of low loaders to transport heavy and large equipment, particularly for the resources and industrial sectors.
Boom Logistics Ltd. engages in the provision of crane logistics and lifting solutions. The company is headquartered in Southbank, Victoria and currently employs 800 full-time employees. The company went IPO on 2003-10-14. The firm delivers industrial services utilizing operators and equipment, including cranes, travel towers, transport, and other assets, for customers in the mining and resources, energy, utilities, and infrastructure sectors. The company also provides lifting solutions for its customers, using small, medium-sized and large-scale cranes and travel towers. The company has over 260 cranes, ranging from 5 to 750 tons, mobile hydraulic cranes ranging from 15 to 500 tons, and crawler cranes ranging from 50 to 750 tons. The company also has over 120 travel towers, access equipment, boom lifts, and scissor lifts. The company also provides a fleet of low loaders to transport heavy and large equipment, particularly for the resources and industrial sectors.
Upgraded Guidance: Boom Logistics upgraded its full-year guidance for EPS and NPAT, now expecting approximately 20% EPS growth, ahead of previous 15% guidance.
Buyback Increased: The company announced a 50% increase in its share buyback program, raising it from $4 million to $6 million for FY '26.
Strong Cash Flow: Free cash flow for the half was $15 million, driven by operational discipline and lower CapEx intensity.
Capital Management: Boom sits on $25 million in cash with gearing at the low end of its 35% to 45% target range, supporting future growth and returns.
Sector Diversification: Resource and infrastructure segments offset softness in renewables due to project delays, and over 50% of revenue is now recurring from long-term contracts.
Fleet Utilization: Utilization and labor efficiency remain high, with continued focus on optimizing the fleet and investing in profitable growth areas.
ESG and Safety: Safety remains a core focus, though the company noted a tragic incident at Clarke Creek currently under investigation.
