Galliford Try (GFRD)

Sector:

Construction and Building Materials

385.00p
   
  • Change Today:
      9.00p
  • 52 Week High: 396.00p
  • 52 Week Low: 221.50p
  • Currency: UK Pounds
  • Shares Issued: 103.53m
  • Volume: 741
  • Market Cap: £398.61m
  • RiskGrade: 238
  • Beta: 0.80

Galliford Try posts strong set of results, launches share buyback

By Josh White

Date: Thursday 03 Oct 2024

LONDON (ShareCast) - (Sharecast News) - Galliford Try reported a strong set of full-year financial results on Thursday, with revenue rising 27.2% to £1.77bn, and operating profit before amortisation increasing 35.2% to £29.6m.
The London-listed company exceeded analysts' expectations, with pre-exceptional profit before tax up 39.7% to £32.7m and pre-exceptional earnings per share climbing 47.6% to 27.9p.

Its divisional operating margin improved to 2.5%, and its order book grew 2.7% to £3.8bn, with 92% of 2025 financial year revenue already secured.

The firm maintained a strong balance sheet, with £227m in cash and no debt or pension liabilities.

Its board proposed a final dividend of 11.5p, bringing the total dividend for the year to 15.5p, a 47.6% increase from the prior year.

The firm also announced a £10m share buyback programme.

Galliford Try said it remained confident in its outlook, driven by its high-quality order book and strong operational performance.

"Galliford Try has delivered another year of sequential, robust revenue and margin growth. Our strong progress, well ahead of plan, provided us with the confidence to reset our ambitions over the mid-term, and to announce our updated sustainable growth targets to 2030 at the capital markets event held in May," said chief executive officer Bill Hocking.

"Our commitment to risk management, careful contract selection and operational excellence underpins the consistent year on year performance and our future prospects.

"The UK's planned, and required, investment in economic and social infrastructure continues to support growth in our chosen markets; and our confidence in the group's outlook is supported by our carefully selected, sector focused, high quality order book which provides visibility and security of future workloads."

Hocking said the company would continue doing what it said it would, consistently delivering strong performance, supported by its teams, a strong balance sheet, solid order book, and its supply chain and client relationships.

"I am very much looking forward to working with Kris Hampson, our new chief financial officer, who brings a wealth of stakeholder experience to the group and positions us to further progress our sustainable growth ambition.

"I continue to be impressed by our people, their professionalism and work ethic and thank them all for their contribution to the ongoing success of the group.

"We are confident in the outlook for the current financial year, with 92% of 2025 revenue already secured, and are encouraged by our recent framework and sector wins which align with our strategy to 2030 and underpin the opportunity to deliver further strong performance and sustainable long-term value for all stakeholders."

At 1002 BST, shares in Galliford Try Holdings were up 4.33% at 313p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Galliford Try Market Data

Currency UK Pounds
Share Price 385.00p
Change Today 9.00p
% Change 2.39 %
52 Week High 396.00p
52 Week Low 221.50p
Volume 741
Shares Issued 103.53m
Market Cap £398.61m
Beta 0.80
RiskGrade 238

Galliford Try Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
56.82% below the market average56.82% below the market average56.82% below the market average56.82% below the market average56.82% below the market average
47.37% below the sector average47.37% below the sector average47.37% below the sector average47.37% below the sector average47.37% below the sector average
Price Trend
95.65% above the market average95.65% above the market average95.65% above the market average95.65% above the market average95.65% above the market average
89.74% above the sector average89.74% above the sector average89.74% above the sector average89.74% above the sector average89.74% above the sector average
Income
47.23% above the market average47.23% above the market average47.23% above the market average47.23% above the market average47.23% above the market average
37.93% above the sector average37.93% above the sector average37.93% above the sector average37.93% above the sector average37.93% above the sector average
Growth
97.26% above the market average97.26% above the market average97.26% above the market average97.26% above the market average97.26% above the market average
94.44% above the sector average94.44% above the sector average94.44% above the sector average94.44% above the sector average94.44% above the sector average

What The Brokers Say

Strong Buy 1
Buy 2
Neutral 0
Sell 0
Strong Sell 0
Total 3
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Galliford Try Dividends

  Latest Previous
  Final Interim
Ex-Div 07-Nov-24 14-Mar-24
Paid 05-Dec-24 12-Apr-24
Amount 11.50p 4.00p

Trades for 04-Dec-2024

Time Volume / Share Price
08:41 510 @ 378.80p
08:20 1 @ 383.00p
08:20 1 @ 383.00p
08:20 1 @ 383.00p
08:20 6 @ 383.00p

Galliford Try Key Personnel

CEO Bill Hocking
CFO Kris Hampson

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