Renishaw PLC (LSE:RSW) reported record revenue and profits at the top end of guidance for the year to June, saying the markets it sells into are heading for "further steady growth" in the year ahead. The maker of precision measuring and manufacturing tools generated £713 million, up 3.1% from the prior year thanks to the ongoing recovery in the semiconductor market, while adjusted profit before tax rose 3.8% to £127.2 million.
Renishaw PLC (LSE:RSW) shares jumped 9% to 3,240p on Thursday after the engineering group said annual earnings would come in at the upper end of its guidance. The company expects adjusted pre-tax profit for the year to 30 June 2025 to be towards the top of its £109 million to £127 million range, with revenue in the middle of its £700 million to £720 million forecast.
FTSE 250-listed engineer Renishaw PLC (LSE:RSW) said it is introducing a surcharge to pass on the impact of additional costs from US tariffs. In results for its fiscal third quarter, the group reported revenue of £180.7 million, a 5% year-on-year increase that was an improvement on the 3% growth in the first half.
Shares in Renishaw PLC (LSE:RSW) reversed 7.8% to 3,300p as the engineer reported lower interim profits than expected. First-half profit before tax came in at £57.5 million, up 2%, on revenue up 3% to £341.4 million.
Here is how RENISHAW PLC 20 (RNSHF) and Republic Services (RSG) have performed compared to their sector so far this year.
Here is how RENISHAW PLC 20 (RNSHF) and SGS SA (SGSOY) have performed compared to their sector so far this year.
RENISHAW PLC 20 (RNSHF) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.