Galliford Try (LON:GFRD) Issues Quarterly Earnings Results

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

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 5.4%

GFRD stock traded up GBX 35 during midday trading on Friday, reaching GBX 684. 747,406 shares of the company were exchanged, compared to its average volume of 733,526. The company has a debt-to-equity ratio of 43.47, a quick ratio of 0.89 and a current ratio of 0.92. Galliford Try has a 1-year low of GBX 466 and a 1-year high of GBX 684. The stock’s 50-day simple moving average is GBX 600.32 and its 200 day simple moving average is GBX 550.64. The company has a market cap of £675.91 million, a price-to-earnings ratio of 19.49, a price-to-earnings-growth ratio of 0.90 and a beta of 0.47.

Wall Street Analyst Weigh In

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

Galliford Try declared that its Board of Directors has approved a stock buyback plan on Thursday, September 17th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

Galliford Try News Summary

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

• Positive Sentiment: Strong profit growth: FY26 adjusted pre-tax profit rose 24.2% to £55.9 million, supported by higher revenue and widening margins. The company also reported its sixth consecutive year of growth. Galliford Try FY26 Adjusted Pre-Tax Profit Rises 24.2%
• Positive Sentiment: Order-book visibility: Management highlighted a £4.3 billion order book, providing support for future revenue and reinforcing the company’s growth outlook. Galliford Try Order Book Reaches £4.3 Billion
• Positive Sentiment: Share buyback launched: Galliford Try announced a £15 million open-market buyback. Repurchases can support earnings per share and signal that management views the shares as attractively valued, although one report incorrectly described the authorization as zero shares. Galliford Try Launches £15 Million Share Buyback
• Positive Sentiment: Positive broker stance: Berenberg maintained its “Buy” rating and raised its price target from 680p to 750p, citing the company’s improving earnings outlook. Berenberg Maintains Buy Rating
• Neutral Sentiment: Galliford Try reported quarterly EPS of 41.70p, a 30.23% return on equity and a 1.93% net margin. These figures indicate strong shareholder returns, but the relatively thin net margin remains an area investors may monitor. Galliford Try Earnings Results

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.