The earnings call reflects a positive outlook driven by strategic divestments and operational improvements, particularly in the Clean Air and PGM segments. Despite challenges in the hydrogen market and automotive sector, the company is well-positioned for future growth and enhanced shareholder returns.

Company Guidance

In the recent call, Johnson Matthey outlined significant financial guidance and strategic shifts. The company's sale of Catalyst Technologies to Honeywell for £1.8 billion was a highlight, with net proceeds of £1.6 billion, of which £1.4 billion will be returned to shareholders—equating to £8 per share. The sale represents about 80% of the market cap for less than 20% of the business, indicating a compelling valuation. Johnson Matthey committed to a sustainable free cash flow of at least £250 million and annual shareholder returns of £200 million from 2026-2027 onwards. Clean Air's margin is expected to rise to 16-18% by 2027-2028, from 11.8% currently. The new PGM refinery, crucial for cash flow improvement, is on track for commissioning by late 2026. The company aims for mid-single-digit CAGR in operating profit by 2027-2028, driven by cost reductions, working capital improvements, and reduced CapEx post-refinery completion.

Catalyst Technologies Sale to Honeywell

Johnson Matthey announced the sale of its Catalyst Technologies business to Honeywell for £1.8 billion, representing about 80% of the market cap for less than 20% of the business. This is a significant valuation uplift compared to three years ago.

Clean Air Segment Performance

Clean Air's operating margin improved from 8% three years ago to 11.8%, with expectations to reach mid-teens by the end of the current fiscal year and 16%-18% by 2027-2028. The company has already won 90% of the business needed to meet its 2027-2028 sales target of over £2 billion.

Platinum Group Metals (PGM) Segment Outlook

A new world-class refinery is expected to be commissioned by the end of 2026-2027, which will significantly enhance cash generation and efficiency. The PGM segment is projected to achieve £450 million in sales with a 30% margin by 2027-2028.

Financial Performance and Cash Generation

Free cash flow improved by £400 million in the second half of the fiscal year. The company plans to return £1.4 billion to shareholders from the Catalyst Technologies sale proceeds and commit to delivering £200 million in cash returns annually from 2026-2027 onwards.

Johnson Matthey (JMPLY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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JMPLY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 26, 2025	2026 (Q2)	- / -	2.203	―	―	―
May 22, 2025	2025 (Q4)	2.29 / 2.47	2.087	18.45% (+0.38)
Nov 27, 2024	2025 (Q2)	- / 2.20	0.862	155.57% (+1.34)
May 23, 2024	2024 (Q4)	2.39 / 2.09	2.225	-6.20% (-0.14)
Nov 22, 2023	2024 (Q2)	1.94 / 0.86	1.972	-56.29% (-1.11)
May 25, 2023	2023 (Q4)	2.37 / 2.23	2.465	-9.74% (-0.24)
Nov 23, 2022	2023 (Q2)	1.93 / 1.97	3.061	-35.58% (-1.09)
May 26, 2022	2022 (Q4)	2.31 / 2.46	3.8	-35.13% (-1.33)	―	―
Nov 24, 2021	2022 (Q2)	2.82 / 3.06	1.261	142.74% (+1.80)	―	―
May 27, 2021	2021 (Q4)	- / 3.80	2.612	45.48% (+1.19)	―	―

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

JMPLY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 22, 2025	$38.38	$47.24	+23.08%
Nov 27, 2024	$35.98	$31.99	-11.09%
May 23, 2024	$43.12	$42.12	-2.32%
Nov 22, 2023	$33.98	$35.70	+5.06%

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.

FAQ

When does Johnson Matthey PLC (JMPLY) report earnings?

Johnson Matthey PLC (JMPLY) is schdueled to report earning on Nov 26, 2025, TBA (Confirmed).

What is Johnson Matthey PLC (JMPLY) earnings time?

Johnson Matthey PLC (JMPLY) earnings time is at Nov 26, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

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