Brambles Earnings Hold Steady Despite U.S. Repair Woes

Sales revenue for the 12 months ending in June climbed 2% to $7.04 billion on a constant-currency basis, matching analyst expectations compiled by Visible Alpha. While the repair constraints in the U.S. exceeded initial cost estimates by 50%, the company mitigated some damage with more efficient pallet usage, spending $40 million to address shortages—$20 million less than originally projected.

Chief Executive Graham Chipchase noted that order fulfillment has improved since mid-April, with the company aiming to fully resolve its U.S. service center capacity issues by the end of December. Investors saw a dividend increase to $0.2315 per share, though the company cautioned that free cash flow for fiscal 2027 is likely to pull back to between $800 million and $950 million, down from the $1.05 billion recorded this past year. Looking ahead, management projects underlying profit growth of 2% to 6% for the coming period as it continues to balance ongoing capital investment with an existing share buyback program.