Travis Perkins (LSE:TPK) has guided to underlying profits of £180 million and analysts expect next week’s update to focus on what it plans to do with the Toolstation business.
UBS forecasts that the dividend will also be cut with sales in the fourth quarter to be down by 4%.
What the builders' merchant says about the current year will be key to how the results are received, says the broker.
In January, Travis said: "Given that market conditions are anticipated to remain subdued into FY24, management has accelerated plans to continue the transformation of the business".
This included job cuts in the Christmas quarter in the head office and regions, alongside supply chain efficiency efforts.
Together, management expects this to result in around £35 million of savings, with one-off restructuring charges of around £15 million for the past year.
Full-year results are due on 5 March.