Vulcan Steel

Vulcan Steel was founded by Peter Wells in Auckland in 1995 as a steel distribution business.

The company has grown dramatically since then, both organically and through acquiring 10 established businesses.

Vulcan entered the Australian market in 2002 through the acquisition of 50% of Horan Steel, and its most important purchase was Sandvik’s Australasian stainless steel distribution business in late 2014. It bought the remaining 50% of Horan Steel in 2019.

The company is now in 16 locations around Australia, with 460 staff, and 13 locations in New Zealand, with 382 employees here. Last year it generated $451.1 million worth of sales in Australia and $280.4m in New Zealand.

See original story by Brian Gaynor.

Company Details

Registered Office: 29 Neales Road, East Tamaki, Auckland 2013, New Zealand

Postal Address: 29 Neales Road, East Tamaki, Auckland 2013, New Zealand

Telephone: +6492737214

Facsimile: n/a

Website: https://vulcan.co/

First Listed: 04/11/2021

Balance Date: 30 June

AGM: 08/11/2023

Directors and Executives

Wayne Boyd

Non-Executive Director

Adrian Casey

Chief Operating Officer

Russell Chenu

Chair

Bart de Haan

Independent Non-Executive Director

Nicola Greer

Independent Non-Executive Director

Rhys Jones

Chief Executive Officer and Managing Director

Sarah-Jane Lawson

Company Secretary

Carolyn Steele

Independent Non-Executive Director

Kar Yue Yeo

Chief Financial Officer

Announcements

Title	Date	Type
Notification of FY24 Results/Reporting Date	Wed, Aug 07 2024 08:51 am	GENERAL
SPH Notice - New Zealand Superannuation Fund Nominees Ltd	Mon, Jul 01 2024 02:41 pm	SHINTR
SPH Notice - Mayoral Trust Limited	Mon, Apr 22 2024 04:24 pm	SHINTR
Change of Director's Interest Notice	Thu, Mar 14 2024 01:18 pm	GENERAL
Dividend Information Lodged with ASX Appendix 3A.1	Mon, Mar 11 2024 10:10 am	GENERAL
Dividend Information Lodged with ASX Appendix 3A.1	Wed, Feb 14 2024 10:28 am	GENERAL
Dividend Information Lodged with ASX Appendix 3A.1	Tue, Feb 13 2024 09:37 am	HALFYR
FY24 Half Year results announcement	Tue, Feb 13 2024 08:40 am	HALFYR
FY24 Half Year Investor Presentation	Tue, Feb 13 2024 08:38 am	HALFYR
FY24 Half Year Report	Tue, Feb 13 2024 08:34 am	HALFYR

Major Holdings Announcements

Date	Name	No. Held	%	Current
11/08/23	Mayoral Trust Limited as trustee of	9,247,780	-	7.04
25/01/23	Forsyth Barr Investment Management	7,923,216	5.01	6.03
07/03/22	Takutai Limited as trustee of the T	18,666,039	14.01	14.20
08/11/21	Rhys Jones and Lorraine Susan Taylo	4,718,000	5.98	3.59
08/11/21	Helen Cynthia Moore, Patrick James	5,400,000	6.85	4.11
08/11/21	Adrian John Casey, Henderika Fiona	5,870,711	7.45	4.47
08/11/21	Partitio Trustee Limited as trustee	7,303,688	9.26	5.56
08/11/21	Vulcan Sale Company Limited	-	39.83	-
08/11/21	Wide View Enterprises Limited	4,604,009	5.84	3.50
04/11/21	Vulcan Steel Limited	79,064,144	-	60.17

Director’s Interests Announcements

no directors' interests listed

Analysts’ Forecasts

	profit2021	profit2022	eps2021	dps2021	sales2021	ebit2021	ebitda2021
mean	59.2	45.0	36.0	1,145.7	122.8	171.6
high	59.2	45.0	36.0	1,145.7	122.8	171.6
low	59.2	45.0	36.0	1,145.7	122.8	171.6
sample	1	0	1	1	1	1	1

Disclaimer

Data on this page is from BusinessDesk and NZX Ltd for information purposes only. Details are believed to be accurate but no warranty is given as to accuracy, timeliness, reliability or completeness. No person should rely on the contents of the report and all persons should obtain independent professional advice before acting on any information connected with or contained in this report.

Last Updated: 13/02/2024