Industrials

Key HighlightsVulcan operates substantial businesses on both sides of the Tasman, which is why itsDividendcomes with an Australian franking benefit as well as New Zealand imputation.Vulcan Steel is a distributor and processor of steel and metals products, supplying customers across construction, engineering,Manufacturingand rural markets …

Sims operates in metals recycling, electronics recovery and related environmental services. TheBusinessmodel determines howRevenuebecomes cash available for operating expenditure, investment,Debtservice and shareholder payments. The relevant measures differ by sector, so statutory profit should be considered with cash flow,Capital Expenditureand any company-specific earnings measure.

GenusPlus Group operates in power, communications and infrastructure construction services. TheBusinessmodel determines howRevenuebecomes cash available for operating expenditure, investment,Debtservice and shareholder payments. The relevant measures differ by sector, so statutory profit should be considered with cash flow,Capital Expenditureand any company-specificEarningsmeasure.

EVZ operates in engineering services for energy, water and industrial infrastructure. TheBusinessmodel determines how revenue becomes cash available for operating expenditure, investment,Debtservice andShareholderpayments. The relevant measures differ by sector, so statutory profit should be considered with cash flow,Capital Expenditureand any company-specificEarningsmeasure.

Tasmea operates in specialist maintenance, shutdown and industrial services. TheBusinessmodel determines howRevenuebecomes cash available for operating expenditure, investment,Debtservice andShareholderpayments. The relevant measures differ by sector, so statutory profit should be considered with cash flow,Capital Expenditureand any company-specific earnings measure.

Lindsay Australia operates in road freight, logistics and rural-supply services. TheBusinessmodel determines how revenue becomes cash available for operating expenditure, investment,Debtservice andShareholderpayments. The relevant measures differ by sector, so statutory profit should be considered with cash flow,Capital Expenditureand any company-specific earnings measure.

Acrow operates in formwork, scaffolding and industrial access services. TheBusinessmodel determines how revenue becomes cash available for operating expenditure, investment,Debtservice andShareholderpayments. The relevant measures differ by sector, so statutory profit should be considered with cash flow,Capital Expenditureand any company-specificEarningsmeasure.