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    June 22, 2026

    Sims Ltd ups earnings guidance for fiscal 2026

    Written by Stephen Miller

    Sims Limited, formerly Sims Metal Management, raised its fiscal-year 2026 earnings guidance from its March 2026 estimate in an update on June 16.

    This most recent report shows underlying EBIT estimated at Australian $420 million-$435 million for FY2026. Their previous guidance was A$350 million-$400 million. In FY2025, the underlying EBIT was A$175 million. Sims’ fiscal year runs from July 1 to June 30.

    Stephen Miller

    Stephen Miller started his career in the scrap metal industry in 1978 at Luria Brothers in Cleveland. Over the last 40-plus years, he has worked in all capacities in the trading business. He has had positions in both domestic and international scrap trading. In addition to scrap, Miller was at the forefront of the pig iron trade and established a pig iron distribution company under the name of Ferrosource, Inc. Most recently, Miller has concentrated on the scrap export market and regularly does consulting for several companies in the industry.

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