NRW's Earnings, Revenue Guidance Upgrade Unsurprising to Bull -- Market Talk

Dow Jones
Nov 28

2157 GMT - Engineering contractor NRW Holdings's earnings and revenue guidance upgrade doesn't surprise Citi. NRW now expects FY 2026 revenue of A$4.1 billion and underlying Ebita of A$260 million-A$265 million. Citi says the guidance shouldn't shock as NRW has already secured A$3.9 billion of revenue for FY 2026. That's an increase of A$100 million since it announced a deal to buy Fredon Industries in September. Analyst William Park also points to NRW's solid active tender balance, which is supported by an elevated bid-win rate. Citi forecasts annual revenue of A$4.1 billion and Ebita of A$262 million. It rates NRW a buy and lifts its price target by 8.2% to A$5.95/share. NRW ended Thursday at A$5.30. (david.winning@wsj.com; @dwinningWSJ)

 

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November 27, 2025 16:57 ET (21:57 GMT)

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