Downer EDI Ltd

DOW: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$3.58	Jkx	Nxgbpxxh

Downer Earnings: Turnaround Continues and Outlook Remains Strong

Mark Taylor

Aug 30, 2024

No-moat urban services company Downer reported a strong fiscal 2024 result and added to it with a bullish outlook statement. This is a far cry from the company of just 18 months ago, weathering market ire over accounting irregularities and weather disruptions, along with a plunge in earnings. The company declared a final AUD 11 cent dividend, bringing the fiscal 2024 total up 31% to a better-than-anticipated AUD 17 cents—an as-expected 68% payout ratio but on the higher earnings.

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