Apr 30 2026
Industrials
Recent Research
Weir Group plc, Q1 trading statement
Apr 30 2026
Kingspan Group, Good first quarter, more to come
Apr 30 2026
Cairn Homes, Guidance reiterated for FY26
Apr 30 2026
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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...
Breedon Group
Solid Q1 update; outlook remains mixed
Breedon delivered a solid Q1 update, with likeforlike (LFL) revenue growth of 2% yearonyear (yoy), supported by encouraging performances in Ireland and the US. While the outlook remains...
Mincon Group
Positive momentum continues into 2026
Top-line growth and margin expansion are both on track for FY26 on the back of continued momentum in the business. We do not expect changes to estimates following the update. The...
Watkin Jones
Robust margins in H1
Margins at Watkin Jones were in line with stated guidance in H1, although lower transactional activity reduced revenue. As with elsewhere in the sector, risks to numbers will be to the...
