Fleetwood (ASX:FWD) fiscal first-half results showed strong growth in revenue, earnings, and cash flow, driven by solid performances across its villages and building solutions businesses, according to a Monday note by Euroz Hartleys.
The company reported revenues of AU$273 million, "well up" from the previous corresponding period, and underlying earnings before interest, and taxes (EBIT) of AU$18.3 million, reflecting a 192% rise, Euroz said.
Fleetwood declared a dividend of AU$0.115 per share, "a significant tick" from AU$0.025 per share in the previous year, Euroz added.
The Building Solutions unit saw EBIT of AU$7.1 million from revenues of AU$202.6 million, up from AU$172.1 million last year and Euroz expects that this improvement is expected to attract the most interest from investors.
Euroz sees the company steadily improving for the fiscal year 2026.
It maintained Fleetwood's buy rating and raised its price target to AU$3.03 from AU$2.57.
Fleetwood's fell past 3% at market close.
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