Announcement • May 02
The Weir Group PLC Reiterates Earnings Guidance for Fiscal Year 2026 The Weir Group PLC reiterated earnings guidance for fiscal year 2026. For the period, the company reiterated full year guidance for growth in operating profit and operating margin. Board Change • May 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Ravi Shankar Gopinath was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions Derivative • Apr 27
CEO & Director exercised options and sold UK£793k worth of stock On the 20th of April, Jonathan Stanton exercised options to acquire 26k shares at no cost and sold these for an average price of UK£30.98 per share. This trade did not impact their existing holding. For the year to December 2019, Jonathan's total compensation was 20% salary and 80% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since June 2025, Jonathan's direct individual holding has increased from 279.50k shares to 295.00k. Company insiders have collectively sold UK£4.0m more than they bought, via options and on-market transactions in the last 12 months. Upcoming Dividend • Apr 23
Upcoming dividend of UK£0.22 per share Eligible shareholders must have bought the stock before 30 April 2026. Payment date: 29 May 2026. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (2.0%). Announcement • Apr 02
The Weir Group PLC Announces Board and Committee Changes, Effective April 30, 2026 The Weir Group PLC announced that Ravi Gopinath is appointed to the Board as an independent Non-Executive Director with effect from the conclusion of the AGM on April 30, 2026. Ravi will join the Audit, and Safety, Sustainability and Technology Committees upon appointment. Ravi has held several senior leadership roles in industrial software and technology businesses. Most recently, he was Chief Product and Strategy Officer at AVEVA, the UK-listed industrial software company, having previously served as Chief Operating Officer. Ravi was also Executive Vice President of Software at Schneider Electric. Earlier in his career, Ravi held senior executive positions at Invensys, including President of the Software Business, and was previously Chief Executive Officer of Geometric Limited. Ravi has also held a number of non-executive director roles, including at the former FTSE 100 company Spectris plc. He is currently a non-executive director of Thermax Limited and Neuland Laboratories, both of which are listed in India. The Weir Group PLC also announced that Tracey Kerr will become a member of the Nomination Committee and Andy Agg will step down from the Nomination Committee, with effect from the conclusion of the AGM on April 30, 2026. Following Ravi's appointment, the Board Committee membership from the conclusion of the AGM on April 30, 2026 will be as follows: Audit Committee: Andy Agg (Committee Chair), Nick Anderson, Penny Freer, Tracey Kerr, Ravi Gopinath; Nomination Committee: Barbara Jeremiah (Board Chair and Committee Chair), Tracey Kerr, Nick Anderson, Dame Nicola Brewer; Remuneration Committee: Penny Freer (Committee Chair), Nick Anderson, Dame Nicola Brewer, Ben Magara; Safety, Sustainability & Technology Committee: Tracey Kerr (Committee Chair), Andy Agg, Dame Nicola Brewer, Ben Magara, Ravi Gopinath. Announcement • Mar 24
The Weir Group PLC, Annual General Meeting, Apr 30, 2026 The Weir Group PLC, Annual General Meeting, Apr 30, 2026. Location: the companys head office, 1 west regent street, g2 1rw, glasgow United Kingdom Declared Dividend • Mar 06
Final dividend of UK£0.22 announced Dividend of UK£0.22 is the same as last year. Ex-date: 30th April 2026 Payment date: 29th May 2026 Dividend yield will be 1.4%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (44% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 49% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 05
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: UK£0.96 (down from UK£1.22 in FY 2024). Revenue: UK£2.56b (up 2.4% from FY 2024). Net income: UK£246.9m (down 22% from FY 2024). Profit margin: 9.6% (down from 13% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.0%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 22
The Weir Group PLC to Report Fiscal Year 2025 Results on Mar 04, 2026 The Weir Group PLC announced that they will report fiscal year 2025 results on Mar 04, 2026 Buy Or Sell Opportunity • Oct 21
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 8.3% to UK£28.74. The fair value is estimated to be UK£23.89, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 17%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 17% in the next 2 years. Upcoming Dividend • Sep 25
Upcoming dividend of UK£0.20 per share Eligible shareholders must have bought the stock before 02 October 2025. Payment date: 04 November 2025. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of British dividend payers (5.4%). Lower than average of industry peers (2.2%). Declared Dividend • Aug 04
First half dividend increased to UK£0.20 Dividend of UK£0.20 is 9.5% higher than last year. Ex-date: 2nd October 2025 Payment date: 4th November 2025 Dividend yield will be 1.7%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 41% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 01
First half 2025 earnings: EPS and revenues miss analyst expectations First half 2025 results: EPS: UK£0.44 (down from UK£0.46 in 1H 2024). Revenue: UK£1.19b (down 1.0% from 1H 2024). Net income: UK£112.5m (down 4.5% from 1H 2024). Profit margin: 9.4% (in line with 1H 2024). Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 15% per year. Announcement • May 02
The Weir Group plc Announces Executive Changes The Weir Group PLC has completed the acquisition of Mining Software Holdings Pty Ltd. ("Micromine"), effective 30 April 2025. The business will be led by Kristen Walsh, previously Regional Managing Director of Minerals APAC, who is appointed Division President, Digital Solutions and joins the Group Executive reporting to Jon Stanton. Andrew Birch, the current CEO of Micromine, will remain with Weir for up to 12 months supporting Kristen in an advisory capacity. Announcement • Apr 30
The Weir Group PLC (LSE:WEIR) completed the acquisition of Micromine Pty Ltd. from Potentia Capital Pty. Ltd. and others. The Weir Group PLC (LSE:WEIR) agreed to acquire Micromine Pty Ltd. from Potentia Capital Pty. Ltd. and others for an enterprise value of AUD 1.3 billion on February 28, 2025. The deal is expected to close in Q2 2025. The EPS is expected to be accretive in the first full year of ownership. The deal will be financed with existing cash and new acquisition debt. The transaction is subject to clearance by the Foreign Investment Review Board of Australia. As of April 24, 2025, The Weir Group anticipate the acquisition to close the week commencing April 28, 2025.
J.P. Morgan Securities plc acted as a financial adviser to The Weir Group PLC.
The Weir Group PLC (LSE:WEIR) completed the acquisition of Micromine Pty Ltd. from Potentia Capital Pty. Ltd. and others on April 30, 2025. Rebecca Maslen-Stannage, Mia Harrison-Kelf, Mike Flockhart, Gabrielle Wong, Kristen Roberts, Patrick Lowden, Stephanie Panayi, Kyriakos Fountoukakos, Tess Mierendorff, Peter Jones, and Michael Gonski, Ying Yi Soh, Rommo Pandit, Camille Puech-Baron and Stacey Pang of Herbert Smith Freehills LLP acted as legal advisor to The Weir Group PLC. Andrew Williams, Keith Robinson, Adeline Brosnan, Ruveni Kelleher, David Beckett and David Li of Johnson Winter & Slattery acted as legal advisor to Potentia Capital Pty. Ltd. Upcoming Dividend • Apr 10
Upcoming dividend of UK£0.22 per share Eligible shareholders must have bought the stock before 17 April 2025. Payment date: 30 May 2025. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of British dividend payers (6.4%). Lower than average of industry peers (2.7%). Buy Or Sell Opportunity • Apr 04
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.6% to UK£20.52. The fair value is estimated to be UK£26.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 6.0% per annum. Earnings are also forecast to grow by 10.0% per annum over the same time period. Declared Dividend • Mar 03
Final dividend increased to UK£0.22 Dividend of UK£0.22 is 6.3% higher than last year. Ex-date: 17th April 2025 Payment date: 30th May 2025 Dividend yield will be 1.6%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 01
The Weir Group PLC, Annual General Meeting, Apr 24, 2025 The Weir Group PLC, Annual General Meeting, Apr 24, 2025. Reported Earnings • Feb 28
First half 2024 earnings released: EPS: UK£0.46 (vs UK£0.49 in 1H 2023) First half 2024 results: EPS: UK£0.46 (down from UK£0.49 in 1H 2023). Revenue: UK£1.21b (down 7.1% from 1H 2023). Net income: UK£117.8m (down 6.8% from 1H 2023). Profit margin: 9.8% (in line with 1H 2023). Revenue is forecast to grow 5.1% p.a. on average during the next 4 years, compared to a 4.5% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 19% per year. Buy Or Sell Opportunity • Feb 28
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 9.3% to UK£24.30. The fair value is estimated to be UK£19.08, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 5.1% per annum. Earnings are also forecast to grow by 17% per annum over the same time period. Announcement • Jan 27
The Weir Group PLC to Report Fiscal Year 2024 Results on Mar 04, 2025 The Weir Group PLC announced that they will report fiscal year 2024 results on Mar 04, 2025 Buy Or Sell Opportunity • Jan 24
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to UK£24.16. The fair value is estimated to be UK£20.13, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 17%. Revenue is forecast to grow by 10% in 2 years. Earnings are forecast to grow by 51% in the next 2 years. Announcement • Nov 05
The Weir Group plc Reiterates Earnings Guidance for the Full Year 2024 The Weir Group PLC reiterated earnings guidance for the full year 2024. for the year, the company reiterate its guidance for growth in constant currency revenue and operating profit. Upcoming Dividend • Sep 26
Upcoming dividend of UK£0.18 per share Eligible shareholders must have bought the stock before 03 October 2024. Payment date: 01 November 2024. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of British dividend payers (5.4%). Lower than average of industry peers (2.3%). Declared Dividend • Aug 02
First half dividend increased to UK£0.18 Dividend of UK£0.18 is 0.6% higher than last year. Ex-date: 3rd October 2024 Payment date: 1st November 2024 Dividend yield will be 2.0%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 65% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 31
First half 2024 earnings released: EPS: UK£0.46 (vs UK£0.49 in 1H 2023) First half 2024 results: EPS: UK£0.46 (down from UK£0.49 in 1H 2023). Revenue: UK£1.21b (down 7.1% from 1H 2023). Net income: UK£117.8m (down 6.8% from 1H 2023). Profit margin: 9.8% (in line with 1H 2023). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Jul 30
The Weir Group plc Approves Interim Dividend, Payable on 1 November 2024 The Board The Weir Group PLC has approved an interim dividend of 17.9 pence per share (2023: 17.8 pence). This is in line with policy of distributing one third of adjusted EPS and represents a 1% increase on the prior year. The interim dividend will be paid on 1 November 2024 to Shareholders on the register on 4 October 2024. Buy Or Sell Opportunity • Jul 15
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.0% to UK£19.67. The fair value is estimated to be UK£24.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 23%. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Announcement • Jul 04
The Weir Group PLC to Report First Half, 2024 Results on Jul 30, 2024 The Weir Group PLC announced that they will report first half, 2024 results on Jul 30, 2024 Buy Or Sell Opportunity • Jul 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.1% to UK£19.58. The fair value is estimated to be UK£24.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 23%. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Board Change • Jun 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Nick Anderson was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • May 16
The Weir Group plc Announces Board Changes The Weir Group PLC announced that Nick Anderson has been appointed to the Board as an independent Non-Executive Director with effect from 15 May 2024. Nick will join the Audit, Nomination and Remuneration Committees upon appointment. Nick retired from Spirax-Sarco Engineering plc in January this year after 10 years as Group Chief Executive of the FTSE 100 industrial engineering company. Nick joined Spirax-Sarco in 2011 as Director EMEA for the Group's Steam Specialities business. He was appointed to the Board in March 2012, became Chief Operating Officer in August 2013 and Group Chief Executive in January 2014. Prior to Spirax-Sarco, Nick worked for Smiths Group plc as Vice-President of John Crane Asia Pacific based in Singapore and President of John Crane Latin America, based in the US. Nick has also worked for Alcoa Aluminio in Brazil and Argentina and for the Foseco Minsep Group plc in Brazil. Weir also announces that independent Non-Executive Director, Stephen Young has informed the Board of his intention to retire for personal reasons with effect from 31 July 2024. Upon the retirement of Stephen, Andy Agg will succeed Stephen as Chair of the Audit Committee. At the date of this announcement, Nick is currently a non-executive director of BAE Systems plc and has been appointed as a non-executive director of Spectris plc with effect from 1 June 2024. Upcoming Dividend • Apr 11
Upcoming dividend of UK£0.21 per share Eligible shareholders must have bought the stock before 18 April 2024. Payment date: 31 May 2024. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of British dividend payers (6.0%). In line with average of industry peers (2.1%). Declared Dividend • Mar 03
Final dividend increased to UK£0.21 Dividend of UK£0.21 is 7.8% higher than last year. Ex-date: 18th April 2024 Payment date: 31st May 2024 Dividend yield will be 2.1%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (44% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 56% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 01
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: UK£0.89 (up from UK£0.82 in FY 2022). Revenue: UK£2.64b (up 6.6% from FY 2022). Net income: UK£229.2m (up 8.0% from FY 2022). Profit margin: 8.7% (up from 8.6% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Feb 27
The Weir Group PLC Announces Board Changes The Weir Group PLC announces that Andy Agg has been appointed to the Board as an independent Non-Executive Director with effect from, 27 February 2024. Andy brings significant financial experience to the Board in light of his role as Chief Financial Officer of National Grid plc ("National Grid"). Andy joined National Grid in 2008 and prior to his current position held several senior finance leadership roles across the National Grid group, including as Group Financial Controller, UK CFO and Group Tax and Treasury Director. Andy started his career at PricewaterhouseCoopers and is a member of the Institute of Chartered Accountants in England and Wales. Weir also announces that independent Non-Executive Director, Srinivasan Venkatakrishnan (Venkat) has informed the Board of his intention to step down (with effect from 31 March 2024) to pursue other opportunities, and therefore will not be seeking re-election at Weir's forthcoming annual general meeting on 25 April 2024. Board Committee composition Following Andy's appointment, the Board Committee membership is now as follows: Audit Committee Stephen Young (Committee Chair) Srinivasan Venkatakrishnan Tracey Kerr Penny Freer Andy Agg Nomination Committee: Barbara Jeremiah (Board Chair and Committee Chair) Dame Nicola Brewer Sir Jim McDonald Ben Magara. Remuneration Committee: Penny Freer (Committee Chair), Dame Nicola Brewer, Ben Magara, Stephen Young. Sustainability & Technology Committee: Tracey Kerr (Committee Chair), Dame Nicola Brewer, Ben Magara, Andy Agg. Until 25 April 2024 - as announced on 19 December 2023, having served on the Board for nine years, Sir Jim McDonald will not be standing for re-election at this year's annual general meeting.