Duratec Ltd
ASX:DUR
Decide at what price you'd be comfortable buying and we'll help you stay ready.
|
Duratec Ltd
ASX:DUR
|
AU |
|
A
|
Astrocast SA
OSE:ASTRO
|
CH |
|
Electro Optic Systems Holdings Ltd
ASX:EOS
|
AU |
|
Matas A/S
CSE:MATAS
|
DK |
|
Stella Chemifa Corp
TSE:4109
|
JP |
|
L
|
London City Equities Ltd
ASX:LCE
|
AU |
|
H
|
Horizon Robotics
HKEX:9660
|
CN |
|
Hofseth Biocare ASA
OSE:HBC
|
NO |
Duratec Ltd
Duratec Ltd. engages in protection and remediation of steel and concrete. The company is headquartered in Perth, Western Australia and currently employs 725 full-time employees. The company went IPO on 2020-11-04. The firm has approximately 15 branches around the country in capital cities and regional centers, delivering services across multiple sectors. The firm serves defense, mining, oil and gas, marine, energy, building and facade, heritage, property services, industrial, transport and water infrastructure industries. Its services include asset protection, building refurbishment, infrastructure upgrades and recladding, durability engineering, specialist access systems, construction, petrography lab services, jack up barge hire and spatial integration. The Company’s subsidiaries include Duratec Australia (ES) Pty Ltd, Duratec Australia (ES) Pty Ltd and Duratec Australia (ES) Pty Ltd.
Duratec Ltd. engages in protection and remediation of steel and concrete. The company is headquartered in Perth, Western Australia and currently employs 725 full-time employees. The company went IPO on 2020-11-04. The firm has approximately 15 branches around the country in capital cities and regional centers, delivering services across multiple sectors. The firm serves defense, mining, oil and gas, marine, energy, building and facade, heritage, property services, industrial, transport and water infrastructure industries. Its services include asset protection, building refurbishment, infrastructure upgrades and recladding, durability engineering, specialist access systems, construction, petrography lab services, jack up barge hire and spatial integration. The Company’s subsidiaries include Duratec Australia (ES) Pty Ltd, Duratec Australia (ES) Pty Ltd and Duratec Australia (ES) Pty Ltd.
Record Margins & Profit: Duratec posted record normalized EBITDA of $27.5 million, up 2%, with group gross margin at 20.3% and NPAT up 3.5% to $13.4 million despite slightly lower revenue.
Revenue Softness, Strong Pipeline: First-half revenue was $273.3 million, down versus the prior period due to project timing, but management anticipates a stronger second half with a robust order book and $0.5 billion in major projects up for award.
Building & Facade, Emerging Sectors Shine: Building & Facade delivered a record $64.3 million in revenue, while Emerging Sectors grew 77.4% to $40.8 million, highlighting successful diversification.
Acquisitions Drive Growth: Recent acquisitions (EIG, RGK) expanded technical capabilities and service offerings, supporting margin and sector expansion.
Margins Sustainable: Management emphasized current gross margins are sustainable, with sector margins expected to remain stable within a small range.
Strong Balance Sheet: Net cash of $76 million and net assets up 14% to $84.8 million position the company well for future growth and investment.
Dividend Maintained: Interim dividend declared at $0.0175 per share, fully franked.
