Galliford Try (LON:GFRD) Announces Quarterly Earnings Results

Galliford Try (LON:GFRD) announced its quarterly earnings results on Thursday. The company reported GBX 41.70 earnings per share for the quarter, Digital Look Earnings reports. Galliford Try had a net margin of 2.13% and a return on equity of 32.45%.

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

Shares of LON GFRD opened at GBX 684 on Friday. The company has a debt-to-equity ratio of 35.36, a current ratio of 0.94 and a quick ratio of 0.89. Galliford Try has a 1-year low of GBX 466 and a 1-year high of GBX 684. The company 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. The business has a 50-day moving average of GBX 603.23 and a 200-day moving average of GBX 551.57.

Analyst Ratings Changes

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

Galliford Try News Roundup

Here are the key news stories impacting Galliford Try this week:

• Positive Sentiment: Berenberg maintained its Buy rating and raised its price target to GBX 750 from GBX 680, implying further potential upside and reinforcing positive analyst sentiment. Berenberg Bank Sticks to Its Buy Rating for Galliford Try
• Positive Sentiment: FY26 adjusted pre-tax profit increased 24.2% to £55.9 million, while revenue also rose. Investors viewed the earnings growth and widening margins as evidence that profitability is improving. Galliford Try FY26 Adjusted Pre-Tax Profit Rises
• Positive Sentiment: The company launched a £15 million share buyback programme. Buybacks can support earnings per share and signal that management considers the shares undervalued. One syndicated report lists zero shares in the authorization field, which appears inconsistent with the separately reported £15 million programme. Galliford Try Annual Profit, Revenue Rise and Share Buyback
• Positive Sentiment: Management highlighted a £4.3 billion order book and a sixth consecutive year of growth, providing improved revenue visibility for future periods. Galliford Try Order Book and Growth Interview
• Neutral Sentiment: Reported quarterly EPS was GBX 41.70, with a 30.23% return on equity and a 1.93% net margin, adding context to the company’s profitability profile. Galliford Try Earnings Report

Galliford Try declared that its Board of Directors has approved a share buyback program on Thursday, September 17th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is 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.