Headline: Fletcher Building (FBU) Revises Full-Year Earnings Guidance Amid Market Headwinds

Fletcher Building (ASX: FBU) announced on June 17, 2026, a downward revision to its full-year earnings guidance, citing challenging market conditions. The company now projects earnings before interest and tax (EBIT) for the fiscal year ending June 30, 2026, to be in the range of NZ$500 million to NZ$520 million, a reduction from its previous guidance of NZ$580 million to NZ$620 million. The revision primarily reflects weaker performance in its Australian residential and New Zealand commercial construction segments, attributed to persistent inflationary pressures and higher interest rates impacting consumer demand and project starts. Fletcher Building expects to provide a more detailed financial update with its annual results in late August 2026.