REG - Rotork PLC - Trading update

RotorkAnnouncement

01/05/2026 07:01

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RNS Number : 6906C  Rotork PLC  01 May 2026

Rotork plc

 

Trading update

 

Resilient Q1 performance in line with expectations, full year guidance
unchanged

 

1 May 2026

 

Rotork plc ('Rotork'), the market-leading global provider of mission-critical
intelligent flow control solutions, today issues the following update for the
first quarter period from 1 January to 31 March 2026 (the 'period') ahead of
its Annual General Meeting to be held later today.

 

Trading update

 

The Group's performance in the period was in line with management
expectations.

 

Order intake was down year-on-year by a low single-digit percentage on an
OCC(1) basis, with good momentum in Chemical, Process and Industrial (CPI) and
Water & Power orders offset by an anticipated decline in Oil & Gas,
particularly in EMEA.

 

Revenues were up year-on-year by a low single-digit percentage on an OCC
basis. CPI and Water & Power delivered strong growth, driven by sustained
momentum in our Target Segments, including continued strength in data centres
and good activity across water infrastructure and treatment markets. As
expected, Oil & Gas was softer in the period, with Rotork Service
delivering continued resilience.

 

Middle East update

 

We are pleased to confirm that our colleagues in the Middle East are safe and
well. Current conditions have resulted in some project delays in Oil & Gas
markets in the region, reflecting wider supply chain constraints and customers
prioritising production restarts. However, we remain well positioned to
support customers with maintenance and repair activities as production
recovers.

 

While the region continues to experience supply chain disruption, we are
actively managing the impact on our own business and have mitigation measures
in place to continue to support our customers. We have not seen any material
cost inflation in the period and, as demonstrated historically, we retain the
ability to implement price increases to protect margins.

 

Outlook

 

Whilst we remain mindful of macroeconomic and geopolitical uncertainty, our
2026 outlook is unchanged, and we continue to expect further progress on an
OCC basis for the Group in 2026. We expect continued good momentum in CPI and
Water & Power, with our Target Segments and Rotork Service supporting
performance across both divisions.

 

In Oil & Gas, we continue to expect a stable performance for the year with
a greater H2 weighting. Excluding the Middle East, our assumptions remain
unchanged, with a higher H2 bias reflecting project phasing through the year.
In the Middle East, our outlook now assumes that some of the projects delayed
in H1 will be delivered in H2, alongside a modest increase in maintenance and
repair activity in the region.

 

Financial position update

 

Net cash including lease liabilities at 31 March 2026 was £56.9m (December
2025: £65.3m). As previously announced, during the period we made two small
non-core disposals for combined cash proceeds of £22m. As part of our
disciplined capital allocation policy, we returned £26.4m to shareholders
through our share buyback programme which remains ongoing.

 

Rotork will publish its 2026 interim results on Tuesday 4 August 2026.

 

Notes:

¹ Organic constant currency (OCC) results adjust for currency movements,
acquisitions and disposals. The prior period results are translated at the
current period average exchange rates.

 

Enquiries:

Rotork
plc
Tel:  +44 (0)1225 733 200

Alex Toms, Investor Relations Director

 

FTI
Consulting
Tel:  + 44 (0)20 3727 1340

Nick Hasell / Edward Knight

 

Legal Entity Identifier: 213800AH5RZIHGWRJ718

 

About Rotork

Rotork is a market-leading global provider of mission-critical intelligent
flow control solutions for oil and gas, water and wastewater, power, chemical
process and industrial applications. Rotork helps customers around the world
to improve efficiency, reduce emissions, minimise their environmental impact
and assure safety. Rotork employs about 3,500 people, has manufacturing
facilities in more than 15 locations and serves 140 countries through a global
service network. Its ordinary shares are listed on the main market of the
London Stock Exchange (symbol: ROR), with a commercial companies (equity
shares) category listing. Rotork is a constituent of the FTSE 250 index. For
more information please visit www.rotork.com (http://www.rotork.com) .

 

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