It’s been a solid few months for ASX stocks in the industrial sector, and investors are beginning to see the evidence.

With listed companies having released their quarterlies, investors’ attention is now turning to half-yearly results which are due at the end of this month.

The first few industrial stocks on the ASX have released guidance about their earnings and investors have been left impressed.

One such stock is Victorian headquartered K&S Corporation (ASX:KSC), which provides freight solutions.

The company is expecting an underlying profit for the first half of FY21 between $8.8 million and $9.8 million which is between 57 and 75 per cent higher than the prior corresponding period.

It also anticipates a substantially higher profit before tax – up between 471 and 496 per cent up on the prior corresponding period (between $24 million and $25 million).


Resources paying off

In a brief statement to the ASX, the company credited ceasing operations “that do not realise satisfactory and sustainable financial performance”.

Another is modular building specialist Fleetwood (ASX:FWD). It is tipping first half earnings between $15 and $16 million and finished the half with net cash of $64 million.

The company also announced it increased its annual dividend payout ratio of net profit after tax to 100 per cent.

“The increase represents the Board’s confidence in the business including that it has sufficient cash on hand to fund working capital and capital expenditure requirements for the planned modular building growth and recognises the company does not anticipate any further acquisitions,” it said.

Among its clientele is Rio Tinto which has a contract to provide village accommodations at its Karratha and Dampier projects. Fleetwood announced Rio had extended its contract for another 13 months and the outlook for the Accommodation Solutions industry for the resources industry looked positive.

Rounding out the list was Perth-based power and telco infrastructure provider. GenusPlus (ASX:GNP). While it only had news of a contract award, it was also benefiting from activity in the resource sector – announcing it had won $20 million worth of new products.

One of these was with the Ahrens Group to provide electrical, communications, technology and fire works for non-process infrastructure at BHP’s South Flank Project.

Another was WA’s first ever waste-to-energy project – which will process 400,000 tonnes of waste per year.

GenusPlus only listed in December and its shares currently sit 12 per cent higher than its IPO price.

As for Fleetwood, it saw a share price gain today too, rising by 10 per cent and is up 18 per cent in 12 months.

GenusPlus (ASX:GNP) and Fleetwood (ASX:FWD) share price chart