Big River Industries Limited (ASX:BRI) is looking for acquisitions. John Lorente, Chief Executive Officer said, "we are actively investing in growth. That includes focused business development in higher-margin differentiated categories such as cladding and bespoke decorative panels, deeper trade customer engagement, disciplined capital deployment where returns are attractive.
We also remain active in pursuing strategy aligned value-accretive acquisitions". "As mentioned earlier, we will continue to invest in targeted growth opportunities, both organically and through disciplined acquisition while continuing to improve the back end of the business and strengthen operational capability. Turning to capital management on the right-hand side, earnings quality and disciplined working capital management have produced consistent cash generation.
Gearing remains well within target at 19.1%. As John mentioned, we've extended our banking facilities, strengthened equity through the entire offer and maintain balance sheet flexibility. This flexibility is important.
It allows us to pursue further strategy aligned value-accretive acquisitions. It allows us to invest organically in higher-margin categories, network optimization and capability uplift, and it allows us to continue returning capital to shareholders in a disciplined manner. The objective is balanced, invest for future growth, maintain financial strength and deliver sustainable returns.
As the cycle turns, the work done across the platform positions us to convert revenue growth to improve margins and stronger returns".
