Acrow Formwork and Construction Services (ASX: ACF)What’s not so boring for investors is the ability of Acrow Formwork and Construction Services to thrive in the troubled times.This is partly the result of a timely switch from the residential sector to engineered formwork for mega infrastructure projects.Acrow reported a 22% net sales surge to $87 million for the full year, with EBITDA climbing 30% to $15 million.Notably, June half EBITDA doubled to $9.5 million, while revenue surged 39% to $49 million.This is because client projects such as the Sydney and Melbourne metro projects, Snowy Hydro 2 and Brisbane’s Queen’s Wharf forged ahead with minimal disruption.With a record pipeline of new jobs, management is “comfortable” with broker forecasts of ebitda of $17-17.5 million for the current year.The munificent board upped final dividend to $0.0105 a share from $0.01 previously, taking the full year payout to $0.0175 (a yield of around 5%) Above appeared in Small Caps Weekly.
ACF Price at posting:
33.0¢ Sentiment: Buy Disclosure: Held
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