Renishaw PLC
LSE:RSW

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Renishaw PLC Logo
Renishaw PLC
LSE:RSW
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Price: 3 640 GBX 2.25%
Market Cap: 2.6B GBX

Renishaw PLC
Investor Relations

Renishaw PLC began its journey in 1973, sparked by the innovative spirit of Sir David McMurtry and John Deer. Initially rooted in the creation of more precise measuring equipment, Renishaw has navigated technological mazes to become a global leader in measurement, healthcare, and manufacturing technologies. The spark that lit Renishaw’s torch was McMurtry's invention of the touch-trigger probe while working at Rolls-Royce, a defining moment that paved the way for the company’s focus on metrology: the science of measurement. Today, this niche expertise enables Renishaw to provide a multitude of industries—from aerospace to healthcare—with sophisticated solutions that enhance precision and efficiency across the globe.

Renishaw’s financial health flourishes through its diverse yet intricately connected product offerings. Core to its business model is metrology, where it sells advanced systems and products like coordinate measuring machines, machine tool probes, and software. These products are vital for manufacturing companies seeking to ensure higher quality control and production efficiencies. Beyond metrology, Renishaw dabbles in healthcare, particularly in dental and neurological fields, with its innovative 3D printing technologies and stereotactic neurosurgery tools that offer new vistas in patient care. The synergy between traditional precision measurement and cutting-edge innovation amplifies its market presence, thus securing Renishaw’s place in both established and emerging industries.

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Last Earnings Call
Fiscal Period
Q2 2025
Call Date
Feb 13, 2025
AI Summary
Q2 2025

Revenue Guidance: H2 2025 revenue is guided between £354M and £394M, implying -2% to +9% compared to the prior year, with management citing ongoing uncertainty as the reason for the wide range.

Order Intake: Order book has improved across regions, especially in semiconductor and consumer electronics, but visibility remains short and subject to rapid changes.

Margin Pressures: Pricing pressure in APAC and product mix are impacting gross margin, but productivity and automation investments are expected to support margins.

Cash & CapEx: Strong cash conversion and lower CapEx in H1 due to completion of property investments; management regularly reviews cash needs and is cautious about returning excess cash to shareholders.

Supply Chain Issues: A supply chain quality issue in Q2 led to £2M of nonrecurring costs and about £1M of revenue shift from H1 to H2, with controls now in place to prevent recurrence.

Emerging Businesses: Loss-making segments like medical devices are being reviewed for external investment; emerging businesses are not currently contributing to profitability but show growth potential.

Regional Demand: US market remains positive despite political uncertainty; China demand is steady but faces ongoing pricing pressure and competition.

Cost Actions: Focus remains on productivity, automation, and IT transformation to achieve a targeted 20% margin.

Key Financials
Revenue
£361M
One-Off Expenses (H1)
£5.5M
Supply Chain Nonrecurring Costs
£2M
Revenue Impact from Supply Chain Issue
£1M
Voluntary Staff Churn
Below 5%
Operational Gearing (Drop-Through Ratio)
Approximately 75%
Earnings Call Recording
Other Earnings Calls
2025
2023

Management

Mr. Daniel John Deer
Co-Founder & Non-Executive Deputy Chairman
No Bio Available
Sir David Roberts McMurtry CBE, CEng, FIMechE, FREng, FRS, RDI
Co-Founder & Non-Executive Director
No Bio Available
Mr. Allen Christopher George Roberts F.C.A.
Group Finance Director & Director
No Bio Available
Rob Macdonald
Head of Group Finance
No Bio Available
Mr. Dave Wallace
Director of Group Operations
No Bio Available
Mr. Kasim Ali Hussain
Group General Counsel & Company Secretary
No Bio Available
Mr. Chris Pockett
Head of Communications
No Bio Available
Mr. Rainer Lotz
President of EMEA
No Bio Available
Andy Buttrey
President of APAC
No Bio Available
Mr. Rupert Jones
Managing Director of Renishaw Medical
No Bio Available

Contacts

Address
GLOUCESTERSHIRE
Wotton-under-Edge
New Mills
Contacts
+441453524524.0
www.renishaw.com