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Johnson Matthey (GB:JMAT)
LSE:JMAT
Earnings Data
Report Date
May 22, 2025TBA Not Confirmed
Period Ending
2025 (Q4)Consensus EPS Forecast
―Last Year’s EPS
82.1Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 27, 2024
|% Change Since: -1.40%
|Next Earnings Date:May 22, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a balanced outlook with a resilient first-half performance and confidence in a strong second half. Notable transformations and efficiencies were highlighted alongside strategic divestments and shareholder returns. However, challenges were evident in sales declines, PGM Services, and Hydrogen Technologies losses.Company Guidance
During the call, Johnson Matthey's management outlined their guidance for the fiscal year, maintaining their full-year outlook despite a challenging macroeconomic environment. They reported a 3% decrease in sales and a 4% decrease in underlying operating profit for the first half of the fiscal year, both in line with expectations. However, they anticipate a stronger second half driven by several factors: enhanced transformation benefits, increased volumes and metal recoveries in Platinum Group Metals (PGMS), and cost optimizations. Specifically, they expect at least mid-single-digit growth in operating performance at constant currency and metal prices. Free cash flow was reported at GBP347 million, bolstered by proceeds from divestments, while net debt decreased to GBP783 million, representing 1.4 times EBITDA. They also highlighted a GBP250 million share buyback in progress and declared an interim dividend of 22 pence per share. The call detailed strategic efforts, including cost savings of GBP35 million in the first half, with a target of GBP200 million by year-end, and ongoing transformation and cost reduction initiatives to drive further improvements.Resilient First-Half Performance
Johnson Matthey's first-half performance was in line with expectations, slightly ahead of internal budget, and maintained a full-year outlook for a strong second half.
Transformation and Efficiency Gains
Cost savings of GBP35 million in the first half, with a total of GBP155 million thus far, on track to deliver GBP200 million in savings by year-end.
Catalyst Technologies Growth
Catalyst Technologies sales grew 20% to GBP336 million, with operating profit increasing 43% to GBP50 million, driven by licensing sales and catalyst growth.
Strategic Divestments and Shareholder Returns
Completed divestments of non-core businesses with strong cash returns, initiated a GBP250 million share buyback.
Record Free Cash Flow
Free cash flow of GBP347 million driven by divestment proceeds, with net debt reduced to GBP783 million.
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GB:JMAT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GB:JMAT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 27, 2024 | 1469.62p | 1297.36p | -11.72% |
| May 23, 2024 | 1721.70p | 1701.69p | -1.16% |
| Nov 22, 2023 | 1371.09p | 1440.16p | +5.04% |
| May 25, 2023 | 1695.34p | 1640.68p | -3.22% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Johnson Matthey (GB:JMAT) report earnings?
Johnson Matthey (GB:JMAT) is schdueled to report earning on May 22, 2025, TBA Not Confirmed.
What is Johnson Matthey (GB:JMAT) earnings time?
Johnson Matthey (GB:JMAT) earnings time is at May 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Johnson Matthey stock?
The P/E ratio of Johnson Matthey is N/A.
What is GB:JMAT EPS forecast?
Currently, no data Available
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