EarningsQ2 2026 Earnings Report
MX:WEIRN Q2 2026 EPS Results
Actual EPS$13.18
Consensus EPS$12.36
Beat/MissBeat by +$0.82
One Year Ago EPS$14.10
MX:WEIRN Q2 2026 Revenue Results
Actual Revenue$30.64B
Expected Revenue$30.42B
Beat/MissBeat by +$217.23M
YoY Revenue Growth+6.22%
Earnings Announcement Details
QuarterQ2 2026
Date07/29/2026
TimeBefore Open
Conference CallWednesday, July 29, 2026
MX:WEIRN Upcoming Earnings
Weir Group plc (The)'s next earnings date is estimated for March 3, 2027, based on past reporting schedules.
Q2 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a broadly positive operational and strategic story: strong order growth (notably in Q2), validated new-product technology, market-share gains, successful software integration with Micromine, and reaffirmation of full-year guidance (margins above 20% and 90%–100% cash conversion). However, the first half shows tangible execution and timing challenges — margin compression, deferred deliveries, elevated working capital, higher leverage and subdued H1 cash conversion — largely attributed to complex production transfers, unusual demand phasing and the early phase of the CapEx cycle. Management provides a clear plan and line of sight for these issues to reverse in H2, and the positives (order book, product wins, pipeline, guidance) materially outweigh the transitory H1 headwinds.Company Guidance
Order Growth and Q2 Acceleration
Orders grew 8% year-on-year on a constant currency basis with notable Q2 acceleration; original equipment (OE) orders up 10% YoY and aftermarket orders up 8% YoY. Book-to-bill was 1.12, increasing the order book by circa GBP 150m in H1.
Revenue Growth
Group revenue increased 5% on a constant currency basis to approximately GBP 1.3bn in H1 2026 despite some deferred deliveries into H2.
Strong Minerals Momentum
Minerals orders increased 7% YoY (OE +9%, aftermarket +7%) with a Minerals book-to-bill of 1.15; Minerals revenue was GBP 900m and the division is positioned to deliver backlog across H2.
ESCO Outperformance and Software Momentum
ESCO orders rose 10% YoY and revenue grew 11% to GBP 369m; operating profit up 17% to GBP 79m and margins improved to 21.5% (+120 bps). Micromine remains on track to deliver annual recurring revenue growth above 25% in 2026.
Market Share and Trial Success
Market-share gains highlighted by winning >90% of pump trials and ~70% of OE pump tenders (won ~2/3 of new large pump tenders), supporting ongoing aftermarket capture and share expansion in key markets.
New Product Technology and Validation
Launched MCR squared mill circuit pump (validated at 3 trial sites; ~20% step-change operational efficiency; protected by 8 patents), Vertasys GET (validated wear-life +15% in trials), and Optimil VSM (10 orders received; combined flow-sheet energy savings up to 40% vs traditional tech).
Operational and Strategic Progress
Exited June with strong operating momentum after production replans; pursuing >2,000 projects across commodities and regions with Americas standout; acquisitions (Micromine, Townley, full ESEL JV) integrating in line with expectations and unlocking new market access (e.g., direct sales in Chile).
Sustainability, Safety and People Metrics
CDP A score for climate transparency for fourth consecutive year; CCLA Tier 1 employee mental health recognition (placed 6th among largest UK companies); voluntary employee retention above 90%.
Financial Targets and Distribution
Management reiterates full-year guidance: expecting operating margins above 20% for the full year and free operating cash conversion of 90%–100%. Proposed interim dividend of 20p per share (+2% YoY).
MX:WEIRN Earnings History
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