Industrial Stocks

Pro-Pac (ASX: PPG) shares plunge as company cuts FY22 profit guidance

 Pro-Pac (ASX: PPG) shares plunge as company cuts FY22 profit guidance

Highlights Pro-Pac has cut FY22 profit before tax (PBT) guidance from AU$12M – AU$16M to AU$5M At the beginning of April, Pro-Pac had reiterated its FY22 guidance, which was shared in February Pro-Pac shares are down over 14% today. ...

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BlueScope (ASX:BSL) to acquire Coil Coatings for US$500M

BlueScope (ASX:BSL) to acquire Coil Coatings for US$500M

Highlights BlueScope Limited has inked a deal to purchase the Coil Coatings business for US$500 million. The purchase price of US$500 million is almost 8.9 times the pro-forma EBITDA of US$56 million in CY2021. The transaction is expected to c...

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Decmil (ASX:DCG) revises FY22 guidance; shares dip

Decmil (ASX:DCG) revises FY22 guidance; shares dip

  • April 08, 2022 01:19 PM AEST
  • Ritwika

Highlights Decmil’s operation was highly disrupted in Melbourne and Western Australia due to the impacts of COVID-19. Decmil’s new expected EBITDA is AU$15- AU$10 million. Decmil’s CEO decides to step down from his position. ...

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Transurban (ASX:TCL) shares up after closing AU$540M of debt financing

Transurban (ASX:TCL) shares up after closing AU$540M of debt financing

reen today. Transurban Group (ASX:TCL), which owns, operates and develops electronic toll roads and intelligent transport systems, has recently (on 6 April 2022) closed AU$540 million of debt financing, according to an ASX filing. This is part ...

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IPD (ASX:IPG) acquires Gemtek’s assets, expands EV charger offering

IPD (ASX:IPG) acquires Gemtek’s assets, expands EV charger offering

  • April 05, 2022 02:02 PM AEST
  • Samta

Highlights IPD shares surged over 5% today following the completion of an assets acquisition. The Group funded the transaction with its operating cash flow. The stock has gained over 51% over the past 12 months. The shares of ASX listed I...

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Close the Loop (ASX: CLG) snaps up Crasti &Co ahead of schedule; wins top sustainability award

Close the Loop (ASX: CLG) snaps up Crasti &Co ahead of schedule; wins top sustainability award

  • April 04, 2022 06:15 PM AEST
  • Manisha

Highlights Close the Loop has completed the acquisition of Crasti & Company one month earlier than planned. The company stated that the early acquisition will raise the Group’s earnings in FY 2022 with additional one-month contributio...

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Reece Limited (ASX:REH) shares fall nearly 5% today

Reece Limited (ASX:REH) shares fall nearly 5% today

Highlights Reece shares closed 4.748% lower at AU$19.060 per share on ASX today. The company is expected to make a dividend payment to its shareholders on 12 April 2022. Today the benchmark ASX 200 Industrials index closed 0.166% higher at 639...

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Boral (ASX:BLD) shares end strong as Federal Budget ups infrastructure spending

Boral (ASX:BLD) shares end strong as Federal Budget ups infrastructure spending

Highlights The share price of Boral Limited (ASX:BLD) traded in the green on Wednesday (30 March 2022). Today, the stock closed 2.616% higher at AU$3.530 per share on ASX. The uplift in the company's share price can be linked to the Morrison G...

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Qube (ASX:QUB) sells option to develop Beveridge to Commonwealth

Qube (ASX:QUB) sells option to develop Beveridge to Commonwealth

  • March 28, 2022 02:57 PM AEDT
  • Samta

Highlights Qube has sold its option to buy land at Beveridge to develop a rail freight terminal to National Intermodal Corporation. However, the company did not disclose the consideration price. The stock has gained over 3% in the last 12 mont...

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MAAS Group (ASX:MGH) acquires Blackwater Quarries

MAAS Group (ASX:MGH) acquires Blackwater Quarries

Highlights MAAS Group Holdings has completed the acquisition of Blackwater Quarries Pty Limited. In Central Queensland, Blackwater Quarries owns one concrete plant and four quarries. Blackwater Quarries & Concrete was formed in response to...

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Why are James Hardie (ASX:JHX) shares down 20% on YTD basis?

Why are James Hardie (ASX:JHX) shares down 20% on YTD basis?

Highlights James Hardie Industries Plc shares ended 2.06% lower at AU$45.13 apiece on Tuesday (22 March). JHX shares have underperformed its industry benchmark by a wide margin today. JHX has a proven track record of delivering growth through ...

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