Galliford Try Holdings PLC
LSE:GFRD
Galliford Try Holdings PLC
Galliford Try Holdings Plc engages in construction business. The company is headquartered in Uxbridge, Middlesex and currently employs 2,416 full-time employees. The firm's segments include Building, Infrastructure, PPP Investments and Central. Its construction business operates with clients in the public and regulated sectors, such as health, education and defense markets within the Building segment and road, and water markets within the Infrastructure segment as well as private commercial clients. Its projects include the construction of assets with services, including design and build, construction only and refurbishment in addition to the maintenance, renewal, upgrading and managing of services across utility and infrastructure assets. The company has investments in various PPP Special Purpose Vehicles (SPVs), delivering building and infrastructure projects. The firm serves various industries, including education, defense, health, highways, environment, rail, aviation, custodial and judicial and commercial.
Galliford Try Holdings Plc engages in construction business. The company is headquartered in Uxbridge, Middlesex and currently employs 2,416 full-time employees. The firm's segments include Building, Infrastructure, PPP Investments and Central. Its construction business operates with clients in the public and regulated sectors, such as health, education and defense markets within the Building segment and road, and water markets within the Infrastructure segment as well as private commercial clients. Its projects include the construction of assets with services, including design and build, construction only and refurbishment in addition to the maintenance, renewal, upgrading and managing of services across utility and infrastructure assets. The company has investments in various PPP Special Purpose Vehicles (SPVs), delivering building and infrastructure projects. The firm serves various industries, including education, defense, health, highways, environment, rail, aviation, custodial and judicial and commercial.
Profit Growth: Half-year profit rose to £7.1 million from £4.1 million last year, showing strong operational improvement.
Margin Expansion: Operating margin increased to 2.2% from 1.6% a year ago, reflecting effective cost management and contract performance.
Dividend Hike: Interim dividend set at £0.022, up 83% from the previous year.
Order Book & Pipeline: Order book increased by £100 million to £3.4 billion, with over 80% of next year's revenue already secured.
Cash Position: Strong balance sheet with average month-end cash of £180 million and period-end cash of £211 million; no debt or pension liabilities.
Acquisition Integration: nmcn acquisition is progressing well, with significant contributions expected in the second half.
Outlook Affirmed: Management says the company is on track for full year 2022 targets and its longer-term growth strategy.
