Hill & Smith Plc (HILS.L), a British infrastructure related products maker, on Wednesday reported higher revenues and margin for the four months ended October 31. Looking ahead, the company projects fiscal 2024 operating profit to be in line with current analyst consensus.
The current company compiled analyst consensus expectation for the full year is underlying operating profit of 139.1 million pounds, with a range of 135.9 million pounds to 145.1 million pounds.
In its trading update for the four-month period, the company said its trading has been positive, reflecting good momentum in Engineered Solutions and Galvanizing Services divisions, particularly in the US.
Revenue for the period was up 7.5 percent on a constant currency basis and 2 percent on an organic basis, an improvement on the first half growth rates. Group operating margin was ahead of last year.
The Engineered Solutions division delivered a robust performance, supported by strong demand across a range of US infrastructure markets. Galvanizing Services delivered good revenue and profit growth in the period, reflecting 13 percent volume growth in its higher margin US business and a resilient performance in the UK. Volumes were 7 percent higher than the same period last year. Meanwhile, revenue and profit in the Roads & Security division were lower than last year, partly reflecting the challenging UK market backdrop.
Rutger Helbing, Chief Executive, said, "The positive trading performance during the period reflects the strong momentum in demand for our products and services, particularly in the US, and the benefits of our focused M&A strategy."
The company plans to release its fiscal 2024 results on March 12.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.