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Goodwin ( (GB:GDWN) ) has shared an update.
Goodwin PLC has reported a record forward order book of £300 million, driven by robust contracts and business activities. A notable contributor to this success is Noreva, a subsidiary that secured a $15 million contract for an LNG project, highlighting the company’s strategic positioning in the growing LNG market. The company’s vertical integration, particularly through Goodwin Steel Castings, provides a competitive edge, allowing it to support national defense procurements in the UK and USA. The Mechanical Division is set for future growth, supported by significant past investments and a skilled workforce. Meanwhile, the Refractory Division benefits from expanding investment casting markets, particularly in the jewelry sector. Reduced capital expenditure and improved profitability have enabled a £10 million reduction in net debt, and the company is on track to pay its final dividend installment for the fiscal year. The board expresses confidence in sustaining growth and profitability.
More about Goodwin
Goodwin PLC operates in the engineering and manufacturing industry, specializing in products such as nozzle check valves and steel castings. The company focuses on sectors including LNG projects, nuclear decommissioning, military contracts, and investment casting markets, with a significant presence in regions like China, India, and Thailand.
YTD Price Performance: -12.47%
Average Trading Volume: 3,434
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £516.7M
Learn more about GDWN stock on TipRanks’ Stock Analysis page.