Latest Industrial Services News

SGH Ltd reported a stable half-year EBIT of $844 million alongside a robust 32% increase in operating cash flow, driven by solid performances at Boral and WesTrac. The company reaffirmed its FY26 guidance amid ongoing operational momentum and strategic initiatives.

SGH Ltd reported a resilient first half of FY26 with stable earnings, improved margins, and a significant boost in operating cash flow, underpinning a 7% rise in its interim dividend.

SGH Ltd reported a solid half-year profit of $472.6 million, declaring a fully franked 32 cent dividend, while completing a major media merger that reshapes its investment portfolio.

Maas Group Holdings has agreed to sell its Construction Materials division for up to $1.703 billion, marking a strategic pivot towards digital infrastructure and electrification sectors. The deal, expected to close in late 2026, includes a significant minority investment in AI infrastructure developer Firmus Grid.

WestStar Industrial’s subsidiary SIMPEC has landed a $20 million contract to build a new Filtration Plant at Glencore’s McArthur River Mine, marking a significant step in its national expansion.

Babylon Pump & Power has agreed to sell its non-core Ausblast business for $2.8 million, streamlining operations and boosting capital for its water management and rental services.

WestStar Industrial's subsidiary SIMPEC has landed a significant $11 million contract to deliver structural and mechanical works at Tianqi Lithium's Kwinana plant, reinforcing its role in Australia's energy transition.

SGH Ltd and Steel Dynamics have jointly proposed a $13.2 billion acquisition of BlueScope Steel, offering shareholders a significant premium and planning a strategic split of assets between Australia and North America.

Symal Group has locked in a $300 million revolving debt facility with major Australian banks, enhancing its financial flexibility to support strategic growth and acquisitions.

Boom Logistics has appointed Lester Fernandez as its permanent Managing Director and CEO, entrusting him to lead the company through its next phase of growth with a strong focus on safety and operational excellence.

ALS Limited confirms a fully franked ordinary dividend of 19.4 cents per share and announces the Dividend Reinvestment Plan price at $21.97 with no discount applied.

ALS Limited has announced a partially franked interim dividend of 19.4 cents per share, payable mid-December, alongside a dividend reinvestment plan priced at $21.97 per share with no discount.