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 clear strategy focuses on digital transformation, integrating advanced software and hardware to drive sustainable growth in mining. Operating margins are set to exceed 20% from 2026, with software ARR growth above 25% and mid-40%+ margins. Expansion is supported by innovation, disciplined M&A, and strong market demand for critical metals.
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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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Announced the acquisition of Micromine, a high-growth mining software firm, alongside strong 2024 results marked by margin expansion, robust cash conversion, and increased dividend. The group expects continued growth in 2025, with the Micromine deal set to accelerate digital strategy and enhance margins.
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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, robust cash conversion, and a strong order pipeline underpin confidence in full-year guidance and future growth, especially from greenfield projects in Africa and Asia.