Morgan Advanced Materials 2025 adjusted revenue slightly beats estimates

Morgan Advanced Materials

03/03/2026 07:11

Overview

Advanced materials firm's 2025 adjusted revenue slightly beat analyst expectations

Adjusted operating profit for 2025 beat analyst estimates

Company completed sale of Molten Metal Systems business to simplify operations

Outlook

Morgan Advanced Materials expects 2026 organic constant-currency revenue growth of 1-2%

Company anticipates 2026 adjusted operating profit margin around 10%

Morgan Advanced Materials conducting strategic review of Thermal Products division

Result Drivers

SEMICONDUCTOR MARKET - Revenue decline driven by challenging conditions in Semiconductor market, though demand has stabilized in H2 2025

BUSINESS SIMPLIFICATION - Simplification program delivered £16 mln in savings during 2025, partially offsetting weaker market impacts

MMS BUSINESS SALE - Sale of Molten Metal Systems business simplifies operations and aligns with strategic focus on core markets

Company press release: ID:nRSC0265Va

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
GBP 996.60 mln
FY Adjusted Revenue
Slight Beat*
GBP 1.03 bln
GBP 1.02 bln (9 Analysts)
FY Adjusted Operating Profit
Beat
GBP 99.10 mln
GBP 97.78 mln (7 Analysts)
FY Adjusted EBIT Margin
9.60%
FY Operating Profit
GBP 45.20 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

Wall Street's median 12-month price target for Morgan Advanced Materials PLC is GBp230.00, about 1.5% below its March 2 closing price of GBp233.50

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)