Austin Engineering Cuts Fiscal 2026 Revenue, EBIT Guidance; Shares Near Five-Year Low

MT Newswires Live

Jun 16

Austin Engineering (ASX:ANG) cut its guidance for fiscal 2026 revenue and earnings before interest and tax (EBIT) due to operational challenges in North America and South America and because of a delay of certain product deliveries, which is now expected to occur in fiscal 2027, according to a Tuesday Australian bourse filing.

Fiscal 2026 revenue guidance was revised down to around AU$325 million from the previous guidance of over AU$350 million, the company said. Meanwhile, EBIT guidance was revised to between AU$10 million and AU$11 million from between AU$14 million and AU$16 million.

Operational performance in North America continues to improve, with productivity increasing to 75% from 62%, while performance in South America remained below expectations, the company added.

Austin Engineering's shares fell nearly 8% in recent Tuesday trade and earlier reached their lowest since July 2021.

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Meanwhile, EBIT guidance was revised to between AU$10 million and AU$11 million from between AU$14 million and AU$16 million.</p><p>Operational performance in North America continues to improve, with productivity increasing to 75% from 62%, while performance in South America remained below expectations, the company added.</p><p><a href=\"https://laohu8.com/S/ANG.AU\">Austin Engineering</a>'s shares fell nearly 8% in recent Tuesday trade and earlier reached their lowest since July 2021.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EBIT","symbol_name":"Harbor AlphaEdge Small Cap Earners ETF","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2643352937","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2643352937","pubTimestamp":1781586057,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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