Weir Group PLC (OTCPK:WEGRY)

Half Year 2025 Weir Group PLC Earnings Call Transcript

Jul 31, 2025 / 07:00 AM GMT

Release Date Price: $17.71 (+0.65%)

Transcript

Key Points

Positve

Weir Group PLC (WEGRY) achieved a 4% revenue growth on a constant currency basis, reflecting strong business performance and market conditions.
Operating margins expanded by 220 basis points to 19.8%, with expectations to reach circa 20% for the full year.
The company demonstrated resilience with a 17% increase in constant currency operating profit, supporting another year of dividend growth.
Weir Group PLC (WEGRY) successfully completed the acquisition of Micromine, enhancing its digital capabilities and growth potential.
The company is on track to deliver cumulative savings of 80 million pounds by 2026 through its performance excellence program.

Negative

The company faced a foreign exchange translation headwind of 12 million pounds, impacting profit before tax.
Original equipment (OE) revenue declined due to the phasing of the order book, affecting overall revenue growth.
Net debt to EBITDA increased to 2 times following the Micromine acquisition, reflecting higher leverage.
Return on capital employed decreased by 20 basis points to 17.7%, impacted by balance sheet effects post-acquisition.
The company anticipates a 22 million pound full-year operating profit translation headwind due to currency fluctuations.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

WEIR.L - Weir Group PLC
Half Year 2025 Weir Group PLC Earnings Call
Jul 31, 2025 / 07:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning everyone and welcome to WI's 2025 half year results presentation.

Please note the usual cautionary notice on forward-looking statements.

Today I'm joined by our CFO, Brian Poer, and after my introduction, Brian will lead the financial review, and then I'll cover strategic progress and outlook. After the presentation, we'll both be available for Q&A.

So let me start with a reminder of our journey to deliver on WA's compelling long term value creation opportunity.

Having completed our portfolio transformation, we're now a focused mining technology leader with unique capabilities. With our leading brands, comprehensive service model, and growing range of innovative end to end solutions,

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