Renishaw Plc (RSW.L), , a British engineering and scientific technology company, Wednesday said that its first half pre-tax profit fell 20 percent, impacted by redundancy and impairment costs. Adjusted pre-tax profit, however, rose 11.5 percent. The company also provided outlook for the year ahead.
On the LSE, RSW.L is currently trading up 2.9 percent on Wednesday at 4,000.00 pence.
The company posted statutory profit before tax of 46.0 million pounds in the first half, down from 57.5 million pounds in the same period last year. On an adjusted basis, pre-tax profit came in at 64.1 million pounds, compared to 57.5 million pounds a year ago.
On a statutory basis, earnings per share fell 21 percent to 49.9 pence from 63.2 pence in the corresponding period of fiscal 2025. Adjusted earnings per share, however, rose 8.9 percent to 68.8 pence from 63.2 pence last year.
During the first half of 2026, revenue rose 7.1 percent to 365.6 million pounds from 341.4 million pounds in the previous year period.
Looking ahead, the company said that its second half is usually stronger than the first half and it currently expects to deliver fiscal 2026 full-year revenue between 740 million pounds and 780 million pounds. Adjusted profit before tax is projected between 132 million pounds and 157 million pounds.
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