Fletcher Building Ltd

FBU: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$9.60	Jqwf	Cytp

Fletcher: Navigating Another Challenging Year

Esther Holloway

Jan 30, 2025

No-moat Fletcher will be looking to put 2024 behind them. The year was marked by significant challenges, including the Western Australia Iplex pipe failures, cost overruns at the New Zealand Convention Centre, the brush with debt covenants, and the steepest downturn in New Zealand’s residential construction since the global financial crisis.

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