Australian manufacturer Austin Engineering has lowered its fiscal 2026 revenue and earnings guidance on North and South America operational constraints that have forced it to push budgeted sales and deliveries into next year.
The ASX-listed supplier of mine truck trays and shovel buckets said revenue in the current year to June 30 was now expected to be circa-A$325 million versus $350 million-plus predicted previously, while earnings before interest and tax would be $10-11 million versus $14-16 million.
“While trading conditions improved during May and June 2026 the pace of operational improvement has been slower than anticipated, resulting in a number of sales and deliveries being deferred into FY27,” Austin Engineering said.
The company said while its Australian and Indonesian operations were performing to expectations, low productivity in Wyoming, USA, continued to impact plant throughput and operating margins while “South America has remained below expectations”.
“Austin is mobilising additional operational expertise to Chile and will have a permanent senior management presence in the region for the next two months to ensure the planned systems and process improvements are embedded,” management said.
CEO Sy van Dyk said while the pace of operational improvements in the US and Chile was slower than anticipated “the actions we are taking position us well to deliver improved performance in FY27”.
Austin Engineering’s share price is down about 60% over the past 12 months, leaving its market capitalisation at about $93.5 million.
