Renishaw plc Reports Unaudited Consolidated Earnings Results for the Six Months Ended December 31, 2017; Provides Earnings Guidance for the Full Year 2018
January 25, 2018 at 12:30 pm IST
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Renishaw plc reported unaudited consolidated earnings results for the six months ended December 31, 2017. For the period, the company reported revenue of GBP 279,458,000 as compared to GBP 238,081,000 for the same period last year. Operating profit was GBP 65,212,000 as compared to GBP 25,148,000 for the same period last year. Profit before tax was GBP 66,158,000 as compared to GBP 25,274,000 for the same period last year. Profit for the period from continuing operations was GBP 56,082,000 as compared to GBP 21,301,000 for the same period last year. Profit for the period was GBP 56,873,000 as compared to GBP 17,429,000 for the same period last year. Profit attributable to equity shareholders of the parent company was GBP 56,855,000 as compared to GBP 17,559,000 for the same period last year. Basic and diluted earnings per share from continuing operations were 77.0 pence as compared to 29.4 pence for the same period last year. Cash flows from operating activities were GBP 64,968,000 as compared to GBP 51,327,000 for the same period last year. Purchase of property, plant and equipment was GBP 16,050,000 as compared to GBP 25,896,000 for the same period last year. Purchase of other intangibles was GBP 383,000 as compared to GBP 80,000 for the same period last year. Adjusted profit before tax was GBP 62,301,000 or 72.7 pence per share against GBP 36,139,000 or 41.4 pence per share a year ago. Statutory profit before tax GBP 66,158,000 or 77.0 pence per share against GBP 25,274,000 or 29.4 pence per share a year ago.
For the full year 2018, the company expects revenue to be in the range of GBP 575 million to GBP 605 million and adjusted profit before tax to be in the range of GBP 127 million to GBP 147 million. Statutory profit before tax is expected to be in the range of GBP 136 million to GBP 156 million. The company expecting the full year tax rate to be around about 15.2%.
Renishaw plc is a United Kingdom-based supplier of measuring systems and production systems. The principal activities of the Company are the design, manufacture, sale, distribution and service of manufacturing technologies products and services, and analytical instruments and medical devices. The Company operates through two segments: manufacturing technologies, and analytical instruments and medical devices. The manufacturing technologies segment consists of four areas: industrial metrology, additive manufacturing, position measurement and the new industrial automation line. The analytical instruments and medical devices segment consist of spectroscopy and neurological, where it supplies its customers with technologies to improve materials analysis and neurological therapies. Its products include CMM probes, software, and retrofits; equator gauging system; interferometric laser encoders; probing and tool measurement systems for machine tools, and others.
Renishaw plc Reports Unaudited Consolidated Earnings Results for the Six Months Ended December 31, 2017; Provides Earnings Guidance for the Full Year 2018