Key Takeaways Strategic acquisitions and investments in automation could boost productivity, operating profits, and market presence, driving future revenue and margin growth. Strong order intake and expanding market share, particularly in military contracts, signal robust demand and potential for increased revenue and earnings.
Renold plc engages in the manufacture and sale of high precision engineered power transmission products and solutions in the United Kingdom, rest of Europe, the United States, Canada, Australasia, China, India, and internationally. The company operates in two segments, Chain and Torque Transmission. It offers inverted tooth chain products; and transmission chain products, including general transmission, low maintenance, abrasion and corrosion resistant, and drive chain, as well as klik-top polymer block chain, and standard attachment chain. The company also provides gears and gear boxes; couplings and clutches; and leaf chain products. In addition, it offers conveyor chain products comprising bucket elevator, welded steel conveyor, renolube escalator, heavy duty drag, draw bench conveyor, screen, and waste water treatment chain, as well as conveyor and trident chain products for theme parks, and standard conveyor chains and attachments. Further, the company offers processing equipment and vibratory drives, such as shakers, QE and rotary electric vibrators, vibratory fill stations and conveyors, vibratory feeders, and bulk bag unloaders; sprockets and accessories, including chain wear guides, chain pin extractors, roll-ring chain tensioners, and chain cutters; and cycle chains and product handlings. It serves agriculture, forestry and fishing, construction machinery, energy, environmental, food and drink, manufactured products, material handling, mining and quarrying, and transportation industries. The company was founded in 1864 and is headquartered in Manchester, the United Kingdom.
