Ibstock

IBST · Main Market · Construction and Materials · mcap £319m · 72.6p 1 open situation →

Ibstock makes clay bricks, concrete products and brick slips (thin brick cladding) for UK housebuilders and builders. It is investing in lower-carbon and higher-tech products.

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2026 Profit warning 1 director buying Profit warning 1 director buying BlackRock, Inc. selling down

Open · 1

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Profit warning

profit warning

Ibstock guided in May to full-year results in line, then in August to the lower end of expectations. On 2 Nov 2026 it warned again: Q3 brick sales were 22% below expectations in a market down about 17%, output was cut about 20%, and FY adjusted EBITDA is now mid-£40m.

FY EBITDA: Adjusted EBITDA expected in the mid-£40 million range 2 Nov 2026 ↗
Q3 sales: Brick sales 22% below expectations; market down about 17% in July-August 2 Nov 2026 ↗
Production cut: Q3 output cut about 20% vs half-year plans 2 Nov 2026 ↗
Absorption hit: About £6m reduction to adjusted EBITDA from lower fixed-cost absorption 2 Nov 2026 ↗
Mitigation: Cost cuts on overheads and discretionary spend; focus on cash, inventory and capex 2 Nov 2026 ↗
Next milestone: Nostell commissioning expected to complete by end of 2026 2 Nov 2026 ↗

Next: Nostell commissioning complete by year end; FY results · 4 Mar 2027

2 Nov 2026 profit warning · -10% on the day

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Closed · 4

Insider conviction1 director buying £22k in 1 buy · 17 Apr 2026 – 16 Jul 2026 −24% Upgrade / downgrade cycleProfit warning profit warning · 10 Oct 2025 – 8 Jan 2026 −19% Insider conviction1 director buying £155k in 1 buy · 20 Jun 2025 – 18 Sep 2025 −9% OverhangBlackRock, Inc. selling down selling stopped · 5 Jun 2025 – 29 Aug 2025 −30%

Company filings. Not investment advice.