Acrow (ASX:ACF) demonstrated operational momentum, recently announcing a record-breaking performance in new hire contracts and providing an optimistic roadmap for the coming years.
Acrow secured $14.3 million in new hire contracts during March alone, marking the highest monthly value in its corporate history and eclipsing previous records by over $2.5 million.
The surge in activity has bolstered the company’s hire revenue pipeline to a record $256 million, representing a substantial 34% increase compared to the previous corresponding period.
Driven by improving trading conditions across Australia—particularly within the Queensland formwork business—Acrow has formally confirmed its FY26 financial guidance.
The company expects revenue to land between $315 million and $325 million, with EBITDA projected at $80 million to $84 million.
Management noted that Q4 is expected to be the strongest period of the year, providing a powerful springboard into the next fiscal cycle.
Bolstered by a confirmed forward order book in the industrial access division, the board has issued initial FY27 guidance, forecasting continued expansion.
Revenue is projected to climb to between $335 million and $350 million, while EBITDA is expected to reach $88 million to $98 million.
This represents a 7% increase in sales and a 13% jump in EBITDA based on mid-point estimates.
CEO Steven Boland attributed these results to a three-year strategic journey to diversify revenue streams, ensuring a sustainable earnings base capable of weathering broader construction industry cycles.