Aug 5 2026
Industrials
Recent Research
IMI plc, Positive H1 2026 results
Jul 31 2026
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Ibstock plc
Guiding a lower full year adjusted EBITDA result
Ibstock has reported a 28% year-on-year decline in H1 adjusted EBITDA and has also announced a £25m non-cash impairment charge related to its soft mud facilities. Updated guidance is...
Buzzi Spa
FY26 guidance lowered after subdued H1
H1 results are c.4% behind expectations while new FY26 guidance also implies a c.6% downgrade at the midpoint. The company is not expecting any recovery in the macroeconomic or...
Volution
Acquires getAir for €40m to extend European offering
Volution continues to extend its operating footprint via M&A. The acquisition of getAir will add a complementary residential heat recovery business to the group’s European portfolio. The...
Travis Perkins plc
Encouragement in signs of profit stabilisation
Travis Perkins has announced that it has initiated discussions regarding the sale of Toolstation Benelux. While unsurprising, the clarity is welcome and an unhelpful drag on operating...
Mincon Group
Broad-based growth in H1 drives c.4% beat
H1 results at Mincon are comfortably (4% at an EBITDA level) ahead of estimates on an underlying basis, with a one-off gain adding an additional €2.6m to profit. Growth has been seen...
IMI plc
Positive H1 2026 results
IMI has reported strong H1 2026 results, reflecting continued organic growth and margin expansion with earnings above forecast. All divisions are performing well. IMI has reconfirmed full...
Taylor Wimpey plc
Market conditions to remain “challenging”
Taylor Wimpey expects market conditions to remain “challenging for the remainder of the year”. Underlying pricing was roughly 2% lower year-on-year (yoy) and the net private sale rate...
Holcim
Q2 ahead of expectations; modest FY upgrades incoming
Strong organic growth of over 6% has driven a 5% beat versus consensus numbers on a recurring EBIT basis in Q2. All regions have contributed to the strong growth. With a good...
Saint-Gobain Group
Impressive Q2 improvement sets up better-than-expected H1 EBITDA result
After a difficult first quarter, Saint-Gobain enjoyed a much-improved performance in Q2 with a return to volume growth for the first time in over four years. Both H1 revenues and...
CRH
Strong Q2 results; FY26 guidance reiterated
Against a backdrop of geopolitical uncertainty and rising cost inflation, CRH has delivered Q2 results showing strong growth and clearly ahead of our expectations. Underlying demand...
