Fletcher Building (ASX:FBU) has released its quarterly update on key product sales volumes for the second quarter of FY26, reporting a modest improvement in volumes compared with Q1 FY26, although overall conditions remain challenging.
Managing Director and CEO Andrew Reding said some encouraging signs are emerging across the portfolio, but these gains have yet to be sustained and are insufficient to offset the impact of earlier declines.
Trading conditions remain highly competitive, with ongoing margin pressure and compression evident across many business units, particularly within the Distribution division.
While some broader economic indicators are showing tentative improvement, Fletcher Building does not expect any meaningful recovery in volumes to flow through to its businesses until 2027.