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ARB Corporation Limited ( (AU:ARB) ) has issued an update.
ARB Corporation Limited reported a 5.9% increase in sales revenue to $361.7 million for the half-year ending December 2024, despite a slight decrease in profit before and after tax compared to the previous corresponding period. The company’s Australian Aftermarket sales grew, propelled by the integration of MITS Alloy and ARB Toowoomba, along with strong export growth in the US market. The company declared a 34.0 cents per share interim dividend, reflecting its ongoing expansion program. While facing challenges such as declining new vehicle sales, ARB’s consistent daily order intake and the release of new vehicle models provide a positive outlook for future growth.
More about ARB Corporation Limited
ARB Corporation Limited operates in the automotive industry, specializing in aftermarket accessories and equipment for 4×4 vehicles. The company focuses on providing a wide range of products including canopies, protection equipment, and accessories, with a significant market presence in Australia and growing exports, particularly in the United States.
YTD Price Performance: -5.00%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2B
For a thorough assessment of ARB stock, go to TipRanks’ Stock Analysis page.
