Galliford Try (LON:GFRD) Posts Earnings Results

Galliford Try (LON:GFRD) announced its earnings results on Thursday. The company reported GBX 41.70 earnings per share (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 Performance

Shares of LON:GFRD opened at GBX 667 on Friday. The business’s 50 day moving average price is GBX 600.32 and its 200-day moving average price is GBX 550.64. The firm has a market capitalization of £659.11 million, a PE ratio of 19.00, 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 current ratio of 0.92 and a quick ratio of 0.89. Galliford Try has a 1 year low of GBX 466 and a 1 year high of GBX 673.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank upped their target price on 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, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 650.

Galliford Try declared that its board has authorized a stock repurchase plan on Thursday, September 17th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Key Stories Impacting Galliford Try

Here are the key news stories impacting Galliford Try this week:

• Positive Sentiment: Profit growth exceeded expectations: FY26 adjusted pre-tax profit rose 24.2% to £55.9 million, supported by stronger margins. The company also reported quarterly EPS of GBX 41.70, a 30.23% return on equity and a 1.93% net margin. Galliford Try FY26 Adjusted Pre-Tax Profit Rises 24.2% to £55.9 Million
• Positive Sentiment: Buyback supports the shares: Galliford Try launched a £15 million open-market share repurchase program. Buybacks can enhance per-share earnings and signal that management considers the stock undervalued. Galliford Try Annual Profit, Revenue Rise; Launches £15 Mln Share Buyback Programme
• Positive Sentiment: Forward visibility remains strong: Management highlighted a sixth consecutive year of growth and an order book worth £4.3 billion, providing confidence in future revenue. Galliford Try’s Kris Hampson: Sixth straight year of growth as order book hits £4.3bn
• Positive Sentiment: Analyst sentiment improved: Berenberg raised its price target from GBX 680 to GBX 750 and upgraded the stock to “buy,” suggesting further upside as margins widen. Galliford Try shares have further to run as margins widen
• Neutral Sentiment: The stock’s new one-year high reflects strong momentum, although its valuation and relatively thin reported net margin may limit further gains if profit growth slows. Galliford Try Hits New 1-Year High

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.