Balfour Beatty Earnings Call Transcripts
Fiscal Year 2025
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Strong 2025 results with 8% revenue growth, record GBP 22.7bn order book, and 9% EPS increase. U.K. and U.S. construction margins are improving, with robust cash flow and a GBP 200m share buyback set for 2026. High-quality pipeline and disciplined strategy support future growth.
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Record order book and pipeline, strong cash generation, and robust segment performance underpin confidence in exceeding full-year expectations. U.K. construction margins hit 3% ahead of schedule, while support services and power transmission drive growth.
Fiscal Year 2024
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Revenue rose 4% to £10bn and profit increased 11% to £227m, with strong cash generation and a record £18.4bn order book. Margins improved across key segments, and over £1bn was returned to shareholders in five years, with similar returns targeted ahead.
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Momentum in earnings and bookings continues, with H1 revenue up 3% and profit for the period up 9%. Strong order book, improved margins, and robust shareholder returns position the business for further growth, despite industry capacity constraints.