Galliford Try (LON:GFRD) Releases Earnings Results

Galliford Try (LON:GFRD) posted its earnings results on Thursday. The company reported GBX 41.70 EPS for the quarter, Digital Look Earnings reports. Galliford Try had a return on equity of 30.23% and a net margin of 1.93%.

Here are the key takeaways from Galliford Try’s conference call:

• Strong FY2026 performance: Revenue rose 3% to £1.93 billion, adjusted PBT increased 24% to £55.9 million, margins improved to 3.5%, and adjusted EPS grew 23.1% to 42.4p.
• Galliford Try reported a robust balance sheet with £259 million of year-end cash, £216.2 million of average month-end cash, no bank debt or pension liabilities, and continued 100% cash conversion. The board also announced a new £15 million share buyback and a 23.5p dividend.
• The order book remains strong and provides substantial revenue visibility, with £2.7 billion in Building and £1.7 billion in Infrastructure; 93% of Building revenue and 87% of Infrastructure revenue for FY2027 are secured.
• Management expects similar revenue growth and further margin progression in FY2027, supported by public infrastructure spending, AMP8 water work, specialist higher-margin businesses, affordable housing opportunities, and disciplined bolt-on M&A.
• Infrastructure revenue growth is expected to flatten in FY2027 as highways projects move into lower-revenue early stages and the AMP8 transition progresses. In addition, historic tax losses are largely exhausted, so the company expects to resume corporation tax payments from FY2027.

Galliford Try Stock Up 7.2%

LON:GFRD opened at GBX 656 on Thursday. The company has a market cap of £648.24 million, a price-to-earnings ratio of 18.69, a P/E/G ratio of 0.90 and a beta of 0.47. The company has a debt-to-equity ratio of 43.47, a quick ratio of 0.89 and a current ratio of 0.92. The stock’s fifty day moving average price is GBX 598.32 and its two-hundred day moving average price is GBX 549.94. Galliford Try has a 52-week low of GBX 465 and a 52-week high of GBX 658.

Analysts Set New Price Targets

Separately, Berenberg Bank boosted their price target on shares of Galliford Try from GBX 680 to GBX 750 and gave the company a “buy” rating in a research report on Thursday. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 650.

About Galliford Try

Galliford Try is one of the UK’s leading construction groups, working to improve the UK’s built environment, delivering positive, lasting change for the communities we work in on behalf of our clients.

Our business operates mainly under the Galliford Try and Morrison Construction brands, focusing on areas where we have core and proven strengths, namely in Building, Highways and Environment. We see long-term growth and appropriate margins in these markets.

Our company is founded on our values of excellence, passion, integrity and collaboration, and our vision is to be a people-orientated, progressive business, driven by our values to deliver lasting change for our stakeholders and the communities we work in.