The earnings call highlighted solid organic growth and profitability, driven by strong performance in biopharm and semicon, effective restructuring, and strategic sales initiatives. However, challenges in China and Korea, along with legacy order impacts and currency headwinds, posed significant hurdles. Despite these challenges, the group's strategic initiatives and restructuring efforts have positioned it well for future growth.

Company Guidance

During the call, Spirax Group provided guidance for the second half of 2025, emphasizing organic growth and operational improvements amid a challenging macroeconomic environment. The group achieved a 3% organic sales growth, outpacing industrial production (IP) growth, with adjusted operating profit increasing by 7%, leading to a group margin of 19.3%. The first half saw strong demand in the biopharm and semicon sectors, with ETS achieving 10% organic growth and Watson-Marlow 2%. Cash conversion improved to 61%, and the restructuring program is on track to deliver GBP 35 million in annual savings. Despite headwinds in China and Korea, Spirax remains confident in its outlook, maintaining guidance for mid-single-digit organic growth in adjusted operating profit for the full year. The company plans to continue investments in commercial sales, new product development, and digital systems, with CapEx guidance set at 4% to 5% of sales.

Organic Sales and Operating Profit Growth

The group achieved an organic sales growth of 3% and an organic operating profit increase of 7%, with a group margin of 19.3%, 70 basis points higher organically.

Strong Demand in Biopharm and Semicon

Biopharm orders grew over 10%, supporting strong demand alongside double-digit growth in semicon demand.

Successful Restructuring Efforts

The restructuring program is on track to deliver annual savings of GBP 35 million, improving cash conversion to 61%.

Double-Digit Growth in ETS

ETS achieved 10% organic growth, with significant improvements in process heating and semicon demand.

Strategic MRO and Solutions Sales Growth

STS and Watson-Marlow experienced strong MRO and solutions sales growth, with Watson-Marlow orders exceeding sales, supporting future growth.

Spirax Sarco Engineering (GB:SPX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

GB:SPX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 05, 2026	2025 (Q4)	1.55 / -	1.487	―	―	―
Aug 12, 2025	2025 (Q2)	1.39 / 1.37	1.369	0.29% (<+0.01)	―	―
Mar 11, 2025	2024 (Q4)	1.51 / 1.49	1.564	-4.92% (-0.08)	―	―
Aug 08, 2024	2024 (Q2)	1.48 / 1.37	1.549	-11.62% (-0.18)	―	―
Mar 07, 2024	2023 (Q4)	1.53 / 1.56	2.015	-22.38% (-0.45)	―	―
Aug 10, 2023	2023 (Q2)	1.66 / 1.55	1.748	-11.38% (-0.20)	―	―
Mar 09, 2023	2022 (Q4)	1.89 / 2.02	1.809	11.39% (+0.21)	―	―
Aug 11, 2022	2022 (Q2)	1.77 / 1.75	1.573	11.13% (+0.18)	―	―
Mar 10, 2022	2021 (Q4)	1.68 / 1.81	1.45	24.76% (+0.36)	―	―
Aug 11, 2021	2021 (Q2)	1.11 / 1.57	1.114	41.20% (+0.46)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GB:SPX Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 12, 2025	6060.00p	6845.00p	+12.95%
Mar 11, 2025	6887.43p	6617.81p	-3.91%
Aug 08, 2024	8308.66p	7690.50p	-7.44%
Mar 07, 2024	9873.09p	10248.02p	+3.80%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Spirax-Sarco Engineering PLC (GB:SPX) report earnings?

Spirax-Sarco Engineering PLC (GB:SPX) is schdueled to report earning on Mar 05, 2026, Before Open (Confirmed).

What is Spirax-Sarco Engineering PLC (GB:SPX) earnings time?

Spirax-Sarco Engineering PLC (GB:SPX) earnings time is at Mar 05, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is the P/E ratio of Spirax-Sarco Engineering PLC stock?

The P/E ratio of Spirax Sarco Engineering is N/A.

What is GB:SPX EPS forecast?

GB:SPX EPS forecast for the fiscal quarter 2025 (Q4) is 1.55.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing