Brambles Lowers Fiscal Sales Revenue Growth Guidance; Shares Hit Near Two-Year Low
MT Newswires Live
May 18
Brambles (ASX:BXB) lowered its forecast fiscal-year sales revenue growth to 2% to 3% from the previous 3% to 4% and underlying profit growth to 3% to 5% from 8% to 11%, reflecting about $60 million in earnings impact due to repair capacity constraints in parts of its US subcontracted service center network, according to a Monday filing with the Australian bourse.
The company also revised its free cash flow before dividends guidance to be between $1 billion and $1.1 billion from $950 million to $1.1 billion, the filing said.
Shares fell nearly 18% in morning trade on Monday and earlier hit their lowest since August 2024.
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