London · Delayed Price · Currency is GBP · Price in GBX Breedon Group Earnings Call Transcripts
Fiscal Year 2025
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Revenue and EBITDA grew year-over-year, driven by U.S. acquisitions, despite challenging markets. Record free cash flow and a 3% dividend increase reflect strong cash generation, while bolt-on M&A and further deleveraging are expected in 2026.
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Profitable growth was achieved despite challenging markets, with resilient pricing and cost control. GB and US residential demand remains subdued, but infrastructure and non-residential segments are robust. Strategic M&A and operational initiatives position the business for future recovery.
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Resilient performance delivered amid tough markets, with revenue up 7% due to acquisitions but like-for-like revenue and EBITDA down. GB volumes remain at historic lows, while U.S. and Ireland show robust order books and infrastructure-driven growth. Full-year profitability is expected at the lower end of guidance.
Fiscal Year 2024
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Delivered strong 2024 results with revenue and EBITDA growth, improved margins, and robust cash generation despite market and weather challenges. Expanded U.S. presence with Lionmark acquisition, maintained disciplined capital allocation, and enter 2025 well positioned for growth.
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Consistent growth and a resilient, vertically integrated model underpin ambitions to double in size within a decade. Upgraded sustainability targets, robust M&A capacity, and a strong U.S. platform position the group for long-term value creation and margin improvement.
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Resilient performance achieved despite GB market and weather challenges, with strong results in Ireland and a positive U.S. contribution. Revenue rose 3% year-over-year, EBIT improved, and strategic investments continued. Outlook remains positive, with H2 profitability expected to be stronger.