Forterra (LON:FORT) Issues Earnings Results

Forterra (LON:FORT) announced its quarterly earnings results on Wednesday. The company reported GBX 12.60 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Forterra had a net margin of 4.16% and a return on equity of 6.91%.

Here are the key takeaways from Forterra’s conference call:

• Strong financial delivery — revenue rose ~12.1% to £386m and adjusted EBITDA increased ~18.5% to £61.6m, driving a c.66% uplift in EPS to 12.6p.
• Balance sheet and capital returns — net debt fell to £55.7m (leverage ~1x), the full-year dividend more than doubled (total £0.062/share) and a £20m share buyback was announced.
• Operational and strategic progress — Wilnecote recommissioned, Accrington started first sales of extruded brick slips, and Desford is firing both kilns (material efficiency and capacity upside).
• Near-term demand weakness and inventory actions — market softened in H2 2025 with RMI/London Brick subdued; modest production cuts in early 2026 are expected to offset some operational leverage benefits.
• Outlook and medium-term plan — management expects 2026 to be slightly ahead of 2025, has announced price increases to cover cost inflation, targets £120m EBITDA mid‑term, and plans normalized capex (~£15m p.a.) with selective M&A optionality.

Forterra Stock Performance

LON:FORT opened at GBX 163 on Wednesday. The company has a debt-to-equity ratio of 44.90, a quick ratio of 0.82 and a current ratio of 1.61. The stock has a market capitalization of £343.79 million, a PE ratio of 22.03, a P/E/G ratio of 0.30 and a beta of 0.67. Forterra has a fifty-two week low of GBX 152.20 and a fifty-two week high of GBX 215. The company has a fifty day moving average of GBX 182.76 and a two-hundred day moving average of GBX 183.07.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on FORT shares. Peel Hunt reissued an “add” rating and set a GBX 230 target price on shares of Forterra in a research note on Tuesday, November 11th. Jefferies Financial Group cut their price target on Forterra from GBX 219 to GBX 216 and set a “buy” rating for the company in a research note on Monday, February 9th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 236.

Forterra Company Profile

Forterra is a leading UK manufacturer of essential clay and concrete building products, with a unique combination of strong market positions in clay bricks, concrete blocks and precast concrete flooring. Our heritage dates back many decades and the durability, longevity and inherent sustainability of our products is evident in the construction of buildings that last for generations; wherever you are in Britain, you won’t be far from a building with a Forterra product within its fabric.

Our clay brick business combines our extensive secure mineral reserves with modern and efficient high-volume manufacturing processes to produce large quantities of extruded and soft mud bricks, primarily for the new build housing market.