Fletcher Building Limited (FBU.AX)
Fletcher Building Limited operates in the Construction Materials industry of the Basic Materials sector, headquartered in Auckland, AU, NZ. The stock last traded at $3.10, up 0.32% on the session, giving a market capitalisation of $3.32B. Its beta of 0.65 implies it has historically moved less than the broad market.
Fletcher Building Limited, a company founded in 1909 and headquartered in Auckland, New Zealand, operates as an international manufacturer and distributor of building products, with a strong presence in New Zealand and Australia. Its diverse operations are structured across several key divisions. The Building Products segment is responsible for creating and supplying a broad range of construction materials, including insulation, plasterboard, laminate surfaces, and plastic and concrete pipes, catering to both residential and commercial infrastructure projects. Through its Distribution arm, the company provides building, plumbing, and pipeline products via well-known brands like PlaceMakers, Mico, and Forman Building Systems. Fletcher Building also extracts aggregates and manufactures cement and concrete through its Concrete segment. Its Residential and Development division focuses on constructing homes and apartment complexes, alongside the development and sale of residential and commercial land. The Construction segment undertakes the building and maintenance of public and commercial structures, transport, and utilities infrastructure, encompassing the design, construction, and upkeep of roads and civil works. Furthermore, a dedicated Australia segment independently manufactures and distributes building materials such as insulation, plasterboard, laminate surfaces, steel roofing, and plastic and concrete piping throughout Australia.
Fletcher Building Limited is most often compared with the following Basic Materials names: