Austin Engineering lowers revenue guidance to $325M
- Austin Engineering has revised its financial year 2026 revenue guidance downwards to approximately $325 million.
- The company's share price fell 19.44% following the updated trading announcement.
- Operational challenges in North and South America drove the decision to adjust full-year expectations.
Austin Engineering (ASX:ANG) lowered its financial year 2026 revenue guidance to circa $325 million.
The updated forecast represents a decline from the company's previous revenue guidance of more than $350 million.
“While our FY26 result will be below our previous expectations, we are encouraged by the operational improvements being achieved across North and South America,” said Austin Engineering CEO and Managing Director Sy van Dyk.
The company stated that full-year earnings before interest and tax guidance has also been reduced to between $10 million and $11 million.
Following the announcement, the Austin Engineering share price was down at $0.145.
North American operations saw productivity increase to 75% from a low of 62% as trading conditions improved.
The company is deploying senior management to Chile for two months to embed planned process improvements.
