Here is how Halma (HLMAF) and Komatsu Ltd. (KMTUY) have performed compared to their sector so far this year.
Halma PLC (LSE:HLMA) said it made "good progress" in the second half of its financial year to 31 March, putting the company on track for its 22nd consecutive year of record adjusted profit. In a short trading update ahead of full results in June, the FTSE 100-listed safety products group said organic revenue growth was supported by strong order intake, and adjusted EBIT margin is now expected to be "modestly above 21%", up from previous guidance of "around 21%".
Halma (HLMAF) 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.
Halma plc (OTCPK:HLMAF) Q3 2024 Earnings Conference Call November 21, 2024 3:30 AM ET Company Participants Marc Ronchetti - Group Chief Executive Steve Gunning - CFO Conference Call Participants Andre Kukhnin - UBS Jonathan Hurn - Barclays Bank Max Yates - Morgan Stanley Rory Smith - UBS Bruno Gjani - BNP Paribas Exane Margaret Schooley - Redburn Mark Jones - Stifel Stephan Klepp - HSBC Marc Ronchetti Good morning, and welcome to our half year results presentation. It's great to be here to present a really strong set of results.
Halma PLC (LSE:HLMA) shares jumped almost 10% on Thursday after the safety equipment firm hiked its dividend on record first-half results. Revenue jumped 13% to £1.07 billion in the six months to September, aiding a 17% increase in adjusted pre-tax profit to £222.5 million, Halma said on Thursday.
A packed Thursday will see JD Sport, Close Brothers, IDS and Halma among a string of companies reporting.
Halma strengthens healthcare arm with €50 million French buy Halma PLC (LSE:HLMA)has continued its purchase-led growth model with the acquisition of Paris-based surgical tools maker Lamidey Noury Medical for €50 million cash. Founded in 1947, Lamidey Noury devices are used in minimally invasive urology, gynaecology, and general surgery in over 60 countries.
Halma PLC's (LSE:HLMA) flat share price over the past six months suggests another steady performance is on teh cards from the FTSE 100-listed, acquisition-driven engineer in next week; 's half-year numbers. “Halma's expected to keep things ticking over in next week's half-year results with organic revenue growth, underlying operating margin expansion, and strong cash generation all on show,” said Hargreaves Lansdown “Trading details at the end of September show performance isn't shooting the lights out.
Halma PLC (LSE:HLMA)'s first-half trading update shows the safety products manufacturer is as “solid as ever” despite the negative impacts of currency headwinds, Stifel analysts today stated. FTSE 100-listed Halma cautioned that negative effects of a strong pound sterling will “continue in the second half of the year”, but encouraging organic constant-currency revenue growth and adjusted EBIT guidance have kept City analysts in good spirits.
Safety products maker Halma PLC (LSE:HLMA) has cautioned that a strong pound sterling is a persistent headwind for the FTSE 100-listed group. “The appreciation of sterling is having a negative currency translation effect on the group's results; we expect this effect to continue in the second half of the year,” management said in a Thursday trading update.
Halma PLC (LSE:HLMA), the safety products conglomerate, is due to provide a second-quarter update on Thursday 26 September, following a good report for its previous fiscal year – although that was back in June. Progress in its latest year included 10% revenue growth for the 12 months to 31 March, making the 21st consecutive year of growing revenue and profit, while also listing the top line above £2 billion for the first time.
Halma reported strong results for fiscal 2024, despite a challenging macroeconomic environment. In this update, I discuss Halma's latest results, highlight some aspects underlying the company's long-term success, and provide an updated valuation. Halma stock, which is virtually always expensive, is even more expensive than its current P/E ratio suggests.