Fletcher Building (ASX:FBU) share price lifts after upbeat outlook

The Fletcher Building Limited (ASX: FBU) share price has climbed in early morning trading by 0.46% to $5.50, after the building materials manufacturer provided earnings guidance for the first half of FY21. 

The company says that its half earnings before interest and tax (EBIT) for the first six months will be between $NZ305 million and $NZ320 million, which compares favourably to the NZ$219 million it made in the first half of 2019.

What else did Fletcher announce today

For the first four months of trading up to 31 October, Fletcher also reported revenues up slightly by 1% to NZ$2.7 billion. It also reported EBIT of NZ$227 million, up by NZ$80 million. Group EBIT margin up 2.9% to 8.4%, due to improved operating…