EarningsQ2 2026 Earnings Report
RTOXF Q2 2026 EPS Results
Actual EPS$0.10
Consensus EPS$0.10
Beat/MissBeat by +<$0.01
One Year Ago EPS$0.09
RTOXF Q2 2026 Revenue Results
Actual Revenue$495.31M
Expected Revenue$484.99M
Beat/MissBeat by +$10.32M
YoY Revenue Growth-0.03%
Earnings Announcement Details
QuarterQ2 2026
Date08/04/2026
TimeBefore Open
Conference CallTuesday, August 4, 2026
RTOXF Upcoming Earnings
Rotork plc's next earnings date is estimated for March 2, 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 predominantly positive performance: the business delivered organic revenue growth, margin expansion (60 bps OCC), strong CPI outperformance (+16% revenue and +170 bps margin), high ROCE (37%), robust cash generation (79% cash conversion and GBP 22m free cash flow) and significant shareholder returns (GBP 44m dividends + GBP 40m buybacks). These positives are tempered by an overall 4% decline in orders, an 8.4% drop in Oil & Gas sales and near-term costs related to ERP implementation (GBP 15m) and working capital volatility due to Middle East-related disruption. On balance, strategic progress, high margins and cash/return strength outweigh the sector-specific and timing headwinds.Company Guidance
Revenue and Earnings Growth
Group revenue GBP 367m (organic constant currency) representing 1.3% growth; adjusted operating profit GBP 82m, up 4.1%; adjusted operating margin 22.4% (headline improvement 40 basis points; 60 basis points OCC); adjusted EPS 7.4p, up 4.2%.
Strong CPI Segment Performance
CPI revenues increased 16% year-on-year; adjusted operating profit GBP 28m, up 24.4%; CPI margin up 170 basis points to 24.7%. Data centers and critical HVAC were key drivers, with critical HVAC doubling and data center demand exceeding expectations.
Water & Power Momentum
Water & Power sales up 3.4%; adjusted operating profit GBP 28m, up 15.1%; adjusted operating margin increased to 28.1%. Good momentum in water infrastructure/treatment and combined heat/power applications with robust order intake for H2 visibility.
Service Growth and Recurring Revenue
Rotork Service grew faster than the group and increased its contribution to group revenue to 24% (from 23%), supporting recurring revenue and customer penetration of field and reliability services.
Capital Returns and Balance Sheet Strength
Returned significant capital: GBP 44m dividends and GBP 40m share buybacks; declared interim dividend 3p per share (up 1.7%); generated free cash flow GBP 22m and finished with net cash GBP 25m (cash & equivalents GBP 70m less lease liabilities and borrowings).
Cash Conversion, ROCE and Cash Generation
Operating cash conversion 79%; return on capital employed remained peer-leading at 37%; continued cash generation supported organic investment, R&D (GBP 7.3m) and shareholder returns.
Strategic Progress and Acquisition Interest
Ongoing execution of Growth+ strategy with product launches, two strategic acquisitions completed and ERP rollout progress. Announced recommended cash acquisition by ABB at 506p per share (503p cash + 3p interim dividend), ~19.5x EV/adjusted EBITDA and a 73% premium to the undisturbed 15 July share price.
Cost Discipline and Margin Drivers
Price increases more than offset salary inflation; positive operating leverage, disciplined cost management and favorable mix drove margin expansion; currency headwind to adjusted operating profit was modest at GBP 1.4m (c.20 bps impact).
RTOXF 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