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Weir Group (WEGRY)
OTHER OTC:WEGRY
Earnings Data
Report Date
Aug 04, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
0.28Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveys a broadly positive operational and financial story: mid-single-digit revenue growth, strong aftermarket performance, 15% operating profit growth, margin expansion to 20.2%, robust cash conversion (92%), meaningful emissions reduction (−31% vs 2019), and strategic M&A that expands software and geographic reach. Near-term weaknesses are largely transitional or one‑off: higher net debt from acquisitions (net debt/EBITDA 1.9x), elevated working capital (22.4% of sales) driven by inventory and tariffs, legacy asbestos exposure ( U.S. entity in Chapter 11), and a slip in total incident rate on safety. Management has clear plans to delever, normalize working capital, complete integration of acquisitions, and continue Performance Excellence while investing in R&D and systems. Overall, highlights outweigh the lowlights and the company appears well positioned for continued growth while managing short-term execution and legacy risks.Company Guidance
Revenue and Orders Growth
Revenue grew 6% (constant currency) to GBP 2.6bn; total orders increased 7% to GBP 2.6bn, driven by strong aftermarket demand and contributions from acquisitions.
Aftermarket Strength
Aftermarket orders grew 8% and aftermarket revenue grew 8%, supported by high mining activity and increased demand for wear parts and expendables.
Operating Profit and Margin Expansion
Operating profit rose 15% year‑on‑year to GBP 518m. Operating margin expanded by 150 basis points to 20.2%, achieving the 20% margin target a year early.
Cash Conversion and Dividend
Free operating cash conversion was 92%, within the 90%–100% target range. Full year dividend increased 4% to 41.7p per share.
Emissions and Sustainability Progress
Absolute Scope 1 and 2 emissions fell 31% versus the 2019 baseline, exceeding the original 2030 SBTi target of a 30% reduction.
Divisional Performance — Minerals
Minerals orders grew 5%; excluding large projects orders up 7%. Division revenue increased 6% and operating profit rose 11% to GBP 406m; operating margin reached 21.9% (up 100bps).
Divisional Performance — ESCO and Software
ESCO orders grew 11% (like‑for‑like 4% excluding Micromine). ESCO operating profit increased 22% to GBP 152m and margin expanded 260bps to 21.4%. Micromine shows 94% customer retention, recurring revenue ~88% and annualized recurring revenue up 24%.
Performance Excellence and Efficiency Gains
Cumulative Performance Excellence savings reached GBP 59m in‑year and the final savings target was increased to GBP 90m; program delivered under budget with total program costs GBP 113m.
Strategic M&A and Product Expansion
Completed self‑funded acquisitions (Micromine, Townley, Fast2Mine) and strategic investments/partnerships (CiDRA, ESCO Chile JV). New product launches (ENDURON VSM, crushers, mill pumps) and first VSM order received.
Capital Structure and Deleveraging Plan
Net debt/EBITDA rose to 1.9x due to acquisitions but remained within target; company expects to return to 0.5–1.5x by end of 2026 supported by continued strong cash conversion.
WEGRY 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
WEGRY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 04, 2026 | $22.63 | $20.32 | -10.22% |
Jul 31, 2025 | $17.40 | $17.54 | +0.78% |
Feb 28, 2025 | $14.22 | $15.07 | +6.00% |
Jul 30, 2024 | $12.13 | $12.55 | +3.48% |
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 Weir Group (WEGRY) report earnings?
Weir Group (WEGRY) is schdueled to report earning on Aug 04, 2026, Before Open (Confirmed).
What is Weir Group (WEGRY) earnings time?
Weir Group (WEGRY) earnings time is at Aug 04, 2026, Before Open (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 WEGRY EPS forecast?
Currently, no data Available