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AUSTAL LIMITED (ASX: ASB)

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ASB: Austal USA awarded contract for an additional T-ATS Ship

AUSTAL LIMITED

2023-06-19 09:57:00

ASB: Response to media speculation

AUSTAL LIMITED

2023-06-06 08:14:00

ASB: Austal awarded US$3 billion T-AGOS contract for US Navy

AUSTAL LIMITED

2023-05-19 09:16:00

ASB: Update on USA DOJ and SEC Investigations

AUSTAL LIMITED

2023-04-03 09:15:00

ASB: Earnings guidance update

AUSTAL LIMITED

  1. Austal USA recognized a provision of $7 million for onerous contracts in relation to T-ATS 11 and 12 in its FY2022 annual report and the provision was later adjusted to $11.6 million due to changes in specification and material quantities and cost inflation.
  2. The company has submitted requests for equitable adjustment for these underlying factors, but the extent of forecast loss remains uncertain as it depends on the determination of these requests.
  3. This means earnings guidance for FY2023 is reduced from approximately AU$100 million to approximately AU$58 million.

2023-01-17 15:34:00