Big River Industries Expects Revenue to be Softer in Fiscal Q4 Due to Wet Weather Events
Big River Industries (ASX:BRI) said it anticipates its fiscal fourth quarter revenue to be softer compared with expectations, mainly due to significant wet weather events across the eastern states in May, which disrupted construction activity, according to a Monday Australian bourse filing.Its gross margin is expected to be 10 basis points to 20 basis points higher than the year-ago period.It expects fiscal year 2026 unaudited earnings before interest, taxes, depreciation, and amortization (EBITDA) to be largely in line with the consensus forecast, representing around 8% growth year-over-year and "a return to full-year earnings growth."It expects to achieve double-digit EBITDA growth in fiscal year 2027, subject to several variables, including end-market performance over the period.The board engaged Greenstone Partners to assist with a review of its strategic options.Its shares rose 2% in recent trading on Monday.
