Company Interview / Market Update | SGH, Seven West Media, Life360, Coronado, Vulcan Steel, Southern Cross Electrical, oOh!Media

SGH has posted a 9% rise in full year net profit to $924 million. EBIT rose 8% to $1.54 billion... primarily driven y Boral and Westrac. SGH says the result was underpinned by its disciplined execution of the SGH operating model across its market-leading industrial services businesses. A fully franked final dividend of 32 cents per share was declared - bringing total dividends to 62 cents, fully franked - up 17% on last year's payout.

Seven West Media say it will intensify its focus on streaming to off-set broadcast results...after posting a 63% drop in FY net profit to $16.6 million. Revenue in the period fell 4.5% to $1.35 billion. Seven West Media says the post-election market was weaker than expected. As a result, the company will not distribute a dividend for FY25. Looking ahead, Seven West Media is targeting over $161 million in earnings over FY26, compared with $159 million over the past year.

Life360 co-founder Chris Hulls is stepping down as CEO after nearly two decades to move into the position of executive Chair. Lauren Antonoff becomes CEO with Life360 also raising its full year guidance after posting a 34% rise in second half revenue to US$219 million. Net income rose to US$11.4 million from last year's loss of US$20.7 million. Jefferies analysts say the timing of the CEO switch to Lauren Antonoff was well flagged - but come sooner than anticipated. Hulls says the succession plan has been in place for two years...saying of his own tenure “What started as an idea in the wake of Hurricane Katrina, to help families reconnect in moments of crisis, has become a platform trusted by millions around the world. I could not have imagined how far we’d come, or how many families we’d impact". -- Jefferies has a "buy" rating and $50.00 target price on Life360's Australia-listed stock.

Coal miner Coronado Global Resources has seen its profit slump.. recording a US$172.4 million loss for the six months to June 30th. The result was driven by depressed coal prices and was dramatically worse than last year’s $US16.2 million profit. Coronado has had its credit rating downgraded and has had to seek leniency from lenders in the past few months after breaching debt covenants.

Vulcan Steel has forecast FY net profit of betwen $NZ14–$NZ16 million and EBITDA of $NZ106–$NZ109 million, including a $NZ3 million impairment from selling its Wintec assets in Australia. CEO Rhys Jones has flagged tough market conditions from weak sentiment and “unsustainable” competitor pricing but noted early signs of stabilisation.Sales volumes are expected to stay low but steady in early FY26, improving in the second half.

Southern Cross Electrical Engineering has renewed over $110 million in services and manufacturing contracts. Under the deals, Southern Cross Electrical will provide switchboards, communication panels and maintenance services for companies including Newmont, Energy Queensland as well as the Sydney Metro.

oOh!media has appointed James Taylor from SBS as its new Managing Director and Chief Executive Officer... He will take on the role by early 2026. oOh!media notes he has "deep industry relationships" across the media and advertising sectors.