London · Delayed Price · Currency is GBP · Price in GBX The Weir Group Earnings Call Transcripts
Fiscal Year 2026
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Orders grew 4% year-on-year, driven by strong demand in mining and successful integration of acquisitions. Guidance for revenue, profit, and margin growth is reiterated, with a second-half weighting expected. CEO succession and strategic progress in software and South America highlighted.
Fiscal Year 2025
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Revenue and operating profit grew strongly in 2025, with margin expansion and robust cash conversion. Strategic acquisitions and product launches advanced growth, while the outlook for 2026 remains positive with further margin and revenue growth expected.
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A focused mining technology leader is accelerating growth through digital innovation, high-margin software, and new product launches, targeting sustainable operating margins above 20% from 2026. Software ARR growth exceeds 25%, with recurring revenue at 87%, and disciplined M&A and operational excellence underpin long-term shareholder returns.
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Strong demand in core mining markets drove double-digit growth in both original equipment and aftermarket orders, with recent acquisitions performing well and further integration planned. Guidance for revenue, profit, and margin growth is reiterated, supported by robust execution and cost savings initiatives.
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Strong H1 2025 results with 4% revenue and 17% operating profit growth, driven by robust mining demand, margin expansion, and strategic acquisitions. Upgraded full-year margin guidance to circa 20%, with continued focus on cash conversion and growth initiatives.
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Orders grew 5% year-over-year, with strong aftermarket and minerals performance. 2025 guidance for revenue, profit, and margin growth is reaffirmed, supported by ongoing cost savings and the upcoming Micromine acquisition.
Fiscal Year 2024
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2024 saw strong operating profit growth, margin expansion, and robust cash generation, supported by cost savings and strategic contract wins. The acquisition of Micromine accelerates digital strategy and is expected to be immediately accretive to growth and margins. Positive outlook for 2025 with further margin and revenue growth expected.
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Q3 saw robust order growth, major project wins, and strong aftermarket demand, with performance excellence savings ahead of plan. Guidance for 2024 remains on track, supported by a healthy pipeline and ongoing margin expansion initiatives.
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H1 2024 saw resilient performance with 8% operating profit growth and margin expansion to 17.8%, despite a 3% revenue decline. Aftermarket strength, new project wins, and robust cash conversion underpin confidence in full-year guidance and progress toward 2026 margin targets.