Rolls-Royce, which manufactures jet engines for commercial aircraft along with power systems for ships and submarines, upgraded its mid-term guidance. The company beat analyst expectations for 2024 by posting a 57% increase in annual profit.
Rolls-Royce Holdings PLC (LSE:RR.) brought back its dividend and announced a £1 billion share buyback on top as the engine maker upgraded profit and cashflow targets for the next four years.
British engine-maker Rolls-Royce forecast more growth and lifted its mid-term targets after it beat guidance for 2024, posting a 55% rise in annual profit as widebody jets flew more and its cost-saving plan delivered.
Rolls-Royce's stock has gained 6% since December 2024, with expectations of strong operating profit and free cash flow in the upcoming earnings report. Analysts are more bullish than Rolls-Royce, expecting operating profit and free cash flow targets to be reached ahead of the company's mid-term goals. Growth is driven by civil aerospace, with significant opportunities in wide-body aircraft engines and after market sales, supported by Airbus and Boeing production rates.
Rolls-Royce Holdings PLC (LSE:RR.) will publish final results on Thursday 27 February, with its shares having almost doubled over the past 12 months and risen almost sixfold over the past two years.
Here is how Rolls-Royce Holdings PLC (RYCEY) and Woodward (WWD) have performed compared to their sector so far this year.
Rolls-Royce Holdings PLC (LSE:RR.), the British engineering giant best known for its aircraft engines, is unlikely to suffer much from Donald Trump's latest round of tariffs, according to analysts at Citi.
Rolls-Royce Holdings PLC has penned a £9 million deal with the Ministry of Defence for new nuclear submarine reactors. Marking the largest ever between the two, the agreement is set to be unveiled on Friday during a visit of defence secretary John Healey to Rolls' Derby nuclear reactor factory.
Britain said on Friday it had awarded Rolls-Royce a 9 billion pound ($11 billion) contract to design, make and provide support services to nuclear reactors that power its fleet of submarines.
Polat Energy said on Wednesday it had signed Turkey's largest battery energy storage system supply agreement with Rolls-Royce, with a capacity of 132 MWh, to increase the storage capacity at the Goktepe wind power plant.
Chris Brownridge, CEO of Rolls-Royce Motor Cars, discusses the outlook for the British luxury carmaker and says it is seeing growing demand for bespoke models.
Rolls-Royce Motor Cars CEO Chris Brownridge joins Wealth! host Brad Smith and Senior Autos Reporter Pras Subramanian to discuss the luxury car market outlook for 2025.