Galliford Try (LON:GFRD) Releases Earnings Results

Galliford Try (LON:GFRD) issued its quarterly earnings data on Thursday. The company reported GBX 41.70 earnings per share 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 Price Performance

LON GFRD traded up GBX 35 during mid-day trading on Friday, hitting GBX 684. The stock had a trading volume of 747,406 shares, compared to its average volume of 733,526. The stock has a market capitalization of £675.91 million, a price-to-earnings ratio of 19.49, a PEG ratio of 0.90 and a beta of 0.47. Galliford Try has a twelve month low of GBX 466 and a twelve month high of GBX 684. The firm’s 50 day moving average is GBX 600.32 and its 200 day moving average is GBX 550.64. 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 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 operating margins. Galliford Try FY26 Adjusted Pre-Tax Profit Rises 24.2%
• Positive Sentiment: Growth outlook remains supportive: Management reported a sixth consecutive year of growth and an order book of approximately £4.3 billion, providing visibility into future revenue. Galliford Try’s Kris Hampson: Sixth straight year of growth
• Positive Sentiment: Shareholder returns: Galliford Try launched a £15 million open-market share buyback. Buybacks can support earnings per share and signal that management considers the shares undervalued. Galliford Try Annual Profit, Revenue Rise; Launches £15 Mln Share Buyback Programme
• Positive Sentiment: More bullish analyst view: Berenberg raised its price target from 680p to 750p and retained a “Buy” rating, while a follow-up report confirmed the recommendation. Berenberg Bank Sticks to Its Buy Rating for Galliford Try
• Positive Sentiment: Investor confidence improved: Coverage highlighted further potential upside as margins widen, helping explain the stock’s move to a fresh one-year high. Galliford Try shares have further to run as margins widen

Wall Street Analysts Forecast Growth

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

Galliford Try announced that its Board of Directors has approved a stock buyback program on Thursday, September 17th that permits the company to buyback 0 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Galliford Try Company Profile

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.