- Weir Group PLC reported an adjusted operating profit of GBP472.1 million, aligning closely with market estimates of GBP470.4 million.
- The company’s adjusted operating margin stood at 18.8%, surpassing the estimate of 18%.
- Total revenue reached GBP2.51 billion, slightly below the estimated GBP2.59 billion.
- Minerals division contributed GBP1.82 billion to the revenue.
- ESCO division’s revenue totaled GBP689.6 million.
- Weir Group declared a final dividend of 22.1 pence per share.
- Management highlighted the robust performance in 2024, particularly noting strong execution and a significant improvement in operating margins and cash conversion.
- The demand conditions strengthened notably in the second half of the year.
- Analyst recommendations comprise 13 buy ratings, 6 hold ratings, and 0 sell ratings.
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A look at Weir Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysis of the Smartkarma Smart Scores for Weir Group indicates a promising long-term outlook for the company. With a growth score of 4 and a momentum score of 5, Weir Group appears to be well-positioned for future expansion and market performance. The company’s focus on engineering solutions for minerals, oil, gas, and power markets aligns with the increasingly crucial demand for these sectors.
While Weir Group may have room for improvement in terms of value and dividend scores, its resilience score of 3 suggests a solid foundation to weather economic challenges. Overall, the combination of strong growth potential and impressive momentum bodes well for Weir Group‘s future prospects as an engineering solutions provider across various industrial sectors.
### Summary: The Weir Group PLC is an engineering solutions provider focused on the minerals, oil and gas, and power markets, offering a range of products and services for mining and minerals processing, power generation, oil and gas production, water supply, and other industrial uses. The company’s core offerings include pumps, valves, compressors, and turbines. ###
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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