Sparks

Galliford Try’s (LSE: GFRD) results exceed expectations

Galliford Try has outperformed expectations, delivering full-year revenue of £1.77bn, surpassing the upper end of consensus forecasts of £1.64bn. Pre-exceptional PBT also exceeded expectations, rising 39.7% to £32.7m, well above the anticipated £29.2m. The company’s strong performance across all divisions, coupled with a debt-free balance sheet and £227m in cash, underscores its operational resilience. Galliford Try has already secured 92% of FY25 revenue implying that it is positioned for continued growth. Shareholders are set to benefit from a 47.6% dividend increase and a £10m share buyback, reflecting confidence in future cash generation.

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16.10.24

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