By Peter Roberts Building products group Brickworks has announced the retirement of its long serving Managing Director Lindsay Partridge (pictured). Partridge, who is to be replaced by COO Mark Ellenor, is one of the country’s best respected and most successful manufacturing leaders. A ceramic engineer by training, he worked his way to the top job…
Diversified building products manufacturer Brickworks believes Australia is on the cusp of a significant building boom, notwithstanding some softness in its markets in the short term. The company, which is also involved in property development, investment activities and brick manufacture in the United States, told its annual general meeting that it was navigating a number…
Building products, property and investment group Brickworks’ latest annual report reveals a company still focused on manufacturing but transforming itself into a diverse powerhouse capable of sustainable, strong growth. The Sydney company reported a revenue rise but profit fall compared to the previous year, however this did not disguise the extraordinary improvement in the company’s…
Building products manufacturer Brickworks Limited has announced record underlying Net Profit After Tax (NPAT) from continuing operations of $410 million for the half-year ended 31 January 2023, up 24 percent on the previous corresponding period. Statutory NPAT was $354 million, down 38 percent, a figure affected by the previous year’s one-off profit with the disposal…
Building products group Brickworks has secured a long term supply of gas with an agreement to extend its current supply agreement with South Australian producer Santos for another 11 years. According to an announcement the agreement will provide long-term security of affordable gas for Brickworks industrial sites and support Santos’ investment in more gas supply…
Building products group Brickworks has moved to free up capital tied up in ownership of its manufacturing sites, announcing a new $416 million Brickworks Manufacturing Trust. The trust is a joint venture manufacturing property trust with Goodman Group which will initially house a portfolio of 15 manufacturing plants, tenanted by Brickwork’s businesses including Austral Bricks,…
Building products, property and investment group Brickworks achieved a record net profit after tax in FY21 driven by a 38 per cent rise in its investment in WHSP, property development and stronger building products performance in Australia. Underlying NPAT from continuing operations was up 95 per cent to $285 million and statutory profit down 20…
Brick sales in the eastern states have slumped following Covid-lockdowns of construction, forcing Brickworks to curtail production at kilns in New South Wales and a plant in Brisbane. The building products group said restrictions were having a significant impact on operations with brick despatches slumping 80 per cent during a NSW government pause in the…
Brickworks has announced a binding agreement to acquire parts of Southfield Corporation, including Illinois Brick Company, which will increase the Australian company’s distribution network by 17 stores in the United States’ Midwest region.
A strong performance in its property portfolio and investments, and a recovering Australian economy has held up Brickworks profits in the first half of the 2021 financial year. The company reported net profit after tax up 22 per cent to $71 million for the six months. However, underlying earnings before interest and tax (EBIT) was…
