Austin Engineering Updates FY26 Guidance
Key points
- FY26 revenue guidance revised to $325 million
- FY26 EBIT guidance revised to $10-$11 million
- Operational challenges in North and South America
Full summary
Austin Engineering Ltd provided an update on its FY26 trading performance, revising its revenue guidance to around $325 million and EBIT guidance to $10-$11 million, both excluding FX movements. The revision is primarily due to operational challenges in North and South America and delayed product deliveries expected in FY27. Despite improved trading conditions in May and June, operational improvements have been slower than anticipated, leading to deferred sales and deliveries. North America's productivity has increased to 75%, but further improvements are needed. South America's performance remains below expectations, prompting additional operational expertise mobilization. Asia Pacific continues to perform as expected.
Guidance
FY26 revenue guidance revised to $325 million, EBIT guidance to $10-$11 million
Outlook
The company is taking actions to improve operational performance and expects better results in FY27.
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