May 12 2026
Industrials
Recent Research
Grafton Group, Eighth share buyback completed
May 11 2026
Smurfit Westrock, Stormy Q1, FY guidance intact
Apr 30 2026
Weir Group plc, Q1 trading statement
Apr 30 2026
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IMI plc
Trading update
IMI’s trading update, ahead of its AGM later today, has reconfirmed full year EPS guidance of 136-142p. We will be leaving our forecasts unchanged. The company had a positive Q1, with 5%...
Grafton Group
Eighth share buyback completed
Grafton has completed its eighth share buyback programme since 2022. This has been facilitated by Grafton’s exceptional financial position and consistently impressive free cash flow...
Heidelberg Materials
FY26 guidance reiterated
Despite a challenging Q1, particularly in Europe where bad weather had led to a slow start, the business has been able to reiterate FY guidance for €3.40-3.75bn in RCO (EBIT). Cost...
Smurfit Westrock
Stormy Q1, FY guidance intact
Adjusted EBITDA for Smurfit Westrock came in slightly below company guidance in Q1, although FY guidance was reiterated. Harsh weather in North America that disrupted shipments was...
CRH
Strong Q1 results see company reiterate FY26 guidance
CRH’s Q1 adjusted EBITDA is c.7% ahead of our forecasts after a strong start, aided by good early-season project activity. The company is seeing positive momentum across its...
Weir Group plc
Q1 trading statement
Weir Group has reported a trading statement for Q1 2026 ahead of its AGM. The company has reiterated full year guidance. Orders were down 3% on an organic basis in Q1, but...
Persimmon plc
Resilient FY 2026 performance expected
Persimmon now expects underlying profit before tax (PBT) to be in line with current consensus forecasts of £462m unless there is significant further deterioration in market conditions....
Cairn Homes
Guidance reiterated for FY26
Strong order book growth (+20% year-on-year), driven by robust demand, has continued into Q2 for Cairn Homes. Despite an upward shift in build cost inflation, the group has been...
Kingspan Group
Good first quarter, more to come
The world has changed since Kingspan announced 2025 results in February, and hence it is reassuring that current year trading profit guidance has been reiterated. This confirms that...
SigmaRoc plc
Solid Q1 performance; set-up improving
Ahead of its AGM, SigmaRoc (SRC) has confirmed that trading remains in line with expectations. Earlyyear weather disruption weighed on volumes but was largely offset by disciplined...
