Brambles Limited (BXBLY) Q4 2026 Earnings Call Transcript

SA Transcripts 161.93K Followers Follow Brambles Limited ( BXBLY ) Q4 2026 Earnings Call August 19, 2026 8:01 PM EDT Company Participants Graham Chipchase - CEO & Executive Director Joaquin Gil - Chief Financial Officer Conference Call Participants Niraj-Samip Shah - Goldman Sachs Group, Inc., Research Division Samuel Seow - Citigroup Inc., Research Division Andre Fromyhr - UBS Investment Bank, Research Division Owen Birrell - RBC Capital Markets, Research Division Jakob Cakarnis - Jarden Australia Pty Limited, Research Division Anthony Moulder - Jefferies LLC, Research Division Lee Power - JPMorgan Chase & Co, Research Division Scott Ryall - Rimor Equity Research Pty Ltd Cameron McDonald - E&P, Research Division Matthew Ryan - Barrenjoey Markets Pty Limited, Research Division Peter Steyn - Macquarie Research Justin Barratt - CLSA Limited, Research Division Presentation Graham Chipchase CEO & Executive Director Good morning, everyone, and welcome to Brambles Full Year Results Presentation for the 2026 financial year. I'll start with an overview of our FY '26 performance including financial highlights and our key areas of focus this year. I'll then cover the operating environment and our response to the repair capacity constraints that emerged in our U.S. business during the fourth quarter. I'll also provide an update on Brambles of the Future and serialization+ before handing over to Joaquin for a more detailed view of our financial performance. Let's start with a review of the highlights for FY '26. We delivered a resilient financial result while advancing the customer, operational and sustainability initiatives that strengthen our long-term competitive advantage. For the full year, revenue increased 2%, reflecting strong new business growth across the group and price realization. These increases more than offset lower like-for-like volumes from softer consumer demand in most regions. Underlying profit increased 4% including a USD 90 million adverse impact associated with U.S. repair capacity constraints. Excluding the U.S. repair capacity impact, underlying profit increased 11% with price realization, cost management initiatives and productivity improvements more