Wagners Holding Company Ltd
ASX:WGN
Wagners Holding Company Ltd
Wagners Holding Co. Ltd. engages in the manufacture and sales of construction materials. The company is headquartered in Toowoomba, Queensland and currently employs 688 full-time employees. The company went IPO on 2017-12-08. The firm provides construction materials. The company operates through three segments: Construction Materials & Services (CMS), Composite Fibre Technology (CFT) and Earth Friendly Concrete (EFC). CMS supplies a range of construction materials and services to customers in the construction, infrastructure, and resources industries. Its products include cement, flyash, ready-mix concrete, precast concrete products, aggregates and reinforcing steel. The services which CMS provides include project specific mobile and onsite concrete batching, contract crushing and haulage services. CFT and EFT segment provides building products and construction materials. Its EFT also provides Earth Friendly Concrete (EFC) technology.
Wagners Holding Co. Ltd. engages in the manufacture and sales of construction materials. The company is headquartered in Toowoomba, Queensland and currently employs 688 full-time employees. The company went IPO on 2017-12-08. The firm provides construction materials. The company operates through three segments: Construction Materials & Services (CMS), Composite Fibre Technology (CFT) and Earth Friendly Concrete (EFC). CMS supplies a range of construction materials and services to customers in the construction, infrastructure, and resources industries. Its products include cement, flyash, ready-mix concrete, precast concrete products, aggregates and reinforcing steel. The services which CMS provides include project specific mobile and onsite concrete batching, contract crushing and haulage services. CFT and EFT segment provides building products and construction materials. Its EFT also provides Earth Friendly Concrete (EFC) technology.
Revenue: Full year revenue rose 5% to $338 million, driven by demand in cement, steel, and concrete.
Profitability: Operating EBIT dropped to $20.9 million, mainly due to increased costs and lower project-related earnings.
Cost Inflation: Raw material, shipping, and fuel costs increased, with some unable to be fully passed on due to fixed price contracts.
Outlook: Management expects improved results in FY '23, underpinned by major new contracts and better cost recovery.
Key Projects: The Sydney Metro tunnel project will add $140 million in revenue over 20 months, significantly boosting the precast business.
EFC Expansion: Heavy investment in Earth Friendly Concrete (EFC), especially in the UK, with strong market interest but no partner secured yet.
