Latest Building And Construction News

Fleetwood enters FY27 with a stronger Community Solutions business, a $61.5 million net cash position and a plan to restore Building Solutions to profitability in the second half. The key tests are completing the Red Dog Village acquisition and proving its manufacturing reset can overcome a $8.7 million underlying loss.

Duratec Limited (ASX:DUR) reported a 4.1% rise in net profit after tax to $23.8 million for FY26 on stable revenue, underpinned by a record $650.8 million order book and multiple strategic acquisitions expanding its service portfolio.

Fletcher Building has cleared a major hurdle in its divestment strategy, with the sale of its Construction Division to VINCI Construction now unconditional and the purchase price rising to about $334 million.

Bank of Queensland (ASX: BOQ) has announced a strategic capital partnership with Challenger Limited (ASX: CGF), involving a $3.7 billion whole-of-loan sale and a forward flow arrangement for equipment finance assets. The deal aims to optimise BOQ’s funding base, support SME equipment finance growth, and enable capital returns to shareholders.

Fletcher Building reports a stable half-year performance despite subdued markets, advancing its strategic pivot with the announced sale of its Construction division.

Fletcher Building has agreed to sell its Construction Division to global giant VINCI Construction for an initial $315.6 million, with potential to rise to $334.1 million. The move marks a strategic pivot towards focused building products manufacturing.

Coventry Group reports a challenging FY25 with revenue slipping 1.7% and EBITDA plunging 40.9%, but early FY26 results show promising recovery driven by cost cuts and ERP system stabilisation.

Johns Lyng Group’s acquisition by Sherwood BidCo has been legally approved, triggering a suspension of JLG shares on the ASX. Shareholders are set to receive $4 per share or scrip consideration by late October.

The Supreme Court of New South Wales has approved the scheme for Pacific Equity Partners to acquire Johns Lyng Group, setting the stage for a significant ownership change and trading suspension on the ASX.

Brickworks Limited shares have been suspended from the ASX following court approval of a scheme of arrangement that will see Washington H. Soul Pattison acquire the company through a subsidiary.

Pure Hydrogen Corporation has secured over $3 million in new orders for hydrogen fuel cell trucks, including prime movers for Scott Lovatt Transport and concrete agitator trucks for Heidelberg Materials, signaling rising commercial adoption of clean transport technology in Australia.

Fletcher Building has initiated a strategic review exploring potential divestment of its Construction Division, responding to inbound interest and strong recent performance. While no sale decision has been made, the company is actively considering options.