for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Spirax-Sarco Engineering plc

SPX.L

Latest Trade

7,475.00GBp

Change

10.00(+0.13%)

Volume

154,363

Today's Range

7,375.00

 - 

7,495.00

52 Week Range

5,875.00

 - 

9,445.00

As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay

Latest Developments

Spirax-Sarco Engineering Says PresidentOf Watson-Marlow Fluid Technology Group To Retire

Sept 4 (Reuters) - Spirax-Sarco Engineering PLC <SPX.L>::SPIRAX-SARCO ENGINEERING PLC - JAY WHALEN, PRESIDENT, WATSON-MARLOW FLUID TECHNOLOGY GROUP (WMFTG), AND EXECUTIVE DIRECTOR, TO RETIRE.SPIRAX-SARCO ENGINEERING PLC - JAY WILL RETIRE FROM WMFTG AND BOARD ON 31ST DECEMBER 2019..SPIRAX-SARCO ENGINEERING - COMPOSITION OF BOARD WILL RETURN TO 9 MEMBERS AS OF 1ST JANUARY 2020.

Spirax-Sarco Says H1 Organic Sales Growth Ahead Of Expectations, Profit Drops In Chromalox

Aug 7 (Reuters) - Spirax-Sarco Engineering PLC <SPX.L>::H1 PRETAX PROFIT 108.1 MILLION STG VERSUS 106.8 MILLION STG YEAR AGO.STRONG FIRST HALF ORGANIC GROWTH; FULL YEAR EXPECTATIONS UNCHANGED.HY ADJUSTED PROFIT BEFORE TAX OF 124.6 MILLION POUNDS VERSUS 120.6 MILLION POUNDS A YEAR EARLIER.HY REVENUE OF 591.2 MILLION POUNDS VERSUS 547.6 MILLION POUNDS A YEAR EARLIER.INTERIM DIVIDEND OF 32 PENCE VERSUS 29 PENCE A YEAR EARLIER.DISAPPOINTED OF PROFITABILITY DETERIORATION IN HY IN CHROMALOX.GROUP'S STRONG FIRST HALF ORGANIC SALES GROWTH WAS AHEAD OF EXPECTATIONS.INDUSTRIAL PRODUCTION GROWTH FORECASTS FOR SECOND HALF OF YEAR HAVE WEAKENED BELOW EARLIER ESTIMATES.OPERATING ASSUMPTION FOR REMAINDER OF YEAR IS FOR RELATIVELY STABLE LEVELS OF GLOBAL INDUSTRIAL PRODUCTION GROWTH.IN STEAM SPECIALTIES BUSINESS, WE ANTICIPATE LEVELS OF ORGANIC SALES GROWTH TO MORE THAN HALVE IN SECOND HALF OF 2019.SPIRAX-SARCO - STRONG START IN WATSON-MARLOW, TEMPERED BY MACRO-ECONOMIC CLIMATE, LEADS TO EXPECTATIONS OF HIGH SINGLE-DIGIT GROWTH FOR YEAR.SECOND HALF TRADING CONDITIONS WILL BE BELOW EARLIER ESTIMATES.SPIRAX-SARCO LACK OF MATERIAL PROGRESS IN BREXIT NEGOTIATIONS LOOKS LIKELY TO CONTINUE TO ACT AS A DRAG ON SOME CUSTOMER INVESTMENTS IN UK AND EUROPE.

Spirax-Sarco Engineering Says First 4-Month Organic Sales Growth Remained At Similar Levels To H2 2018

May 15 (Reuters) - Spirax-Sarco Engineering PLC <SPX.L>::SPIRAX-SARCO ENGNG - AGM STATEMENT - TRADING UPDATE.STRONG START TO YEAR, DESPITE WEAKENING INDUSTRIAL PRODUCTION GROWTH FORECASTS, OVERALL EXPECTATIONS UNCHANGED.OVERALL EXPECTATIONS OF ORGANIC GROWTH AND TRADING MARGINS FOR FULL-YEAR ARE UNCHANGED TO THOSE SET OUT IN OUR PRELIMINARY ANNOUNCEMENT IN MARCH.BOARD HAS CONFIDENCE THAT GROUP WILL MAKE FURTHER PROGRESS IN 2019.GLOBAL MACRO-ECONOMIC ENVIRONMENT CONTINUES TO WEAKEN WITH LATEST FORECAST FOR GLOBAL INDUSTRIAL PRODUCTION GROWTH FOR 2019 BEING 2.0%, VERSUS 3.1% IN 2018.ORGANIC SALES GROWTH FOR GROUP IN FIRST FOUR MONTHS OF YEAR REMAINED AT SIMILAR LEVELS TO SECOND HALF OF 2018.ON AN ORGANIC BASIS, 4-MONTH GROUP OPERATING PROFIT AHEAD OF COMPARABLE FOUR-MONTH PERIOD IN 2018.

Spirax-Sarco In Negotiations To Buy Thermocoax For 139 Mln Stg

Feb 18 (Reuters) - Spirax-Sarco Engineering PLC <SPX.L>::EXCLUSIVE NEGOTIATIONS TO ACQUIRE THERMOCOAX.EXCLUSIVE NEGOTIATIONS TO ACQUIRE THERMOCOAX FOR EUR 158 MILLION (£139 MILLION).ANTICIPATE THAT THERMOCOAX WILL BECOME PART OF OUR CHROMALOX BUSINESS.PURCHASE WILL BE FINANCED FROM EXISTING CASH AND DEBT FACILITIES AND IS EXPECTED TO BE ACCRETIVE TO GROUP EARNINGS IN 2019.NEGOTIATIONS WITH VIEW TO BUY THERMOCOAX FROM CHEQUERS CAPITAL, TCR CAPITAL, MINORITY SHAREHOLDERS ON CASH, DEBT-FREE BASIS.

Spirax-Sarco Engineering Disposes Hygromatik For Eur 59 Mln

Dec 3 (Reuters) - Spirax-Sarco Engineering PLC <SPX.L>::DISPOSAL.DISPOSAL OF HYGROMATIK FOR EUR 59.0 MILLION (£52.3 MILLION).

Spirax-Sarco Says Overall Expectations Unchanged

Nov 15 (Reuters) - Spirax-Sarco Engineering PLC <SPX.L>::GOOD PERFORMANCE IN FOUR MONTHS TO OCTOBER, OVERALL EXPECTATIONS UNCHANGED.GROUP'S ORGANIC SALES GROWTH RATE IN FOUR MONTHS TO OCTOBER INCREASED MODESTLY FROM THAT IN FIRST SIX MONTHS OF YEAR.

Spirax-Sarco Engineering H1 Adjusted Pretax Profit Rose 22 pct

Aug 8 (Reuters) - Spirax-Sarco Engineering PLC <SPX.L>::H1 PRETAX PROFIT 106.8 MILLION STG VERSUS 88.5 MILLION STG YEAR AGO.H1 ADJUSTED PRETAX PROFIT ROSE 22 PERCENT TO 120.6 MILLION STG.INTERIM DIVIDEND 29 PENCEPER SHARE.SAYS HY REVENUE £547.6 MILLION VERSUS £428.6 MILLION LAST YEAR.FULL-YEAR EXPECTATIONS REMAIN UNCHANGED.SAYS HY ADJUSTED BASIC EARNINGS PER SHARE 119.2 PENCE.SPIRAX-SARCO ENGINEERING - EXPECT TO MAKE FURTHER PROGRESS IN NORTH AMERICA IN SECOND HALF, WITH US INDUSTRIAL PRODUCTION GROWTH LIKELY TO REMAIN STRONG.SPIRAX-SARCO - IN MEXICO, ANTICIPATE CONDITIONS TO BE DAMPENED BUT NOT DERAILED BY WEAKER PESO AND VOLATILITY CREATED BY NAFTA NEGOTIATIONS.

Spirax-Sarco Engineering Posts FY Adjusted Pretax Profit Of 229.1 Mln Stg

March 15 (Reuters) - Spirax-Sarco Engineering Plc <SPX.L>::FY PRETAX PROFIT 192.5 MILLION STG VERSUS 171.4 MILLION STG YEAR AGO.FY ADJUSTED PRETAX PROFIT 229.1 MILLION STG.FINAL DIVIDEND UP 16 PERCENT TO 62 PENCEPER SHARE.TOTAL DIVIDEND UP 15.1 PERCENT TO 87.5 PENCEPER SHARE.FY SALES 1.0 BILLION STG.‍BOARD EXPECTS TO MAKE FURTHER PROGRESS IN 2018​.

Spirax-Sarco Engineering Says ‍Chairman Indicates Intention To Retire​ After AGM

Feb 14 (Reuters) - Spirax-Sarco Engineering Plc <SPX.L>::‍CHAIRMAN, BILL WHITELEY, INDICATED HIS INTENTION TO RETIRE FROM BOARD AFTER ANNUAL GENERAL MEETING ON 15 MAY 2018 (AGM)​.‍IT IS PROPOSED THAT JAMIE PIKE, CURRENT SENIOR INDEPENDENT DIRECTOR, WILL TAKE OVER AS CHAIRMAN WITH EFFECT FROM CLOSE OF AGM​.

Spirax-Sarco Engineering says H1 adjusted pretax profit rose 30 pct

Aug 9 (Reuters) - Spirax-sarco Engineering Plc <SPX.L>:H1 ADJUSTED PRETAX PROFIT ROSE 30 PERCENT TO 99.2 MILLION STG.INTERIM DIVIDEND 25.5 PENCEPER SHARE.ANTICIPATE THAT CURRENCY EFFECTS WILL HAVE A SIGNIFICANTLY LOWER IMPACT IN SECOND HALF OF YEAR.EXPECT ACQUISITIONS TO ADD APPROXIMATELY 20% SALES GROWTH IN FULL YEAR.HY ADJUSTED OPERATING PROFIT MARGIN 23.6 PERCENT VERSUS 22.5 PERCENT YEAR AGO.ANTICIPATE MARKETS WILL REMAIN RELATIVELY STABLE FOR REMAINDER OF THIS YEAR, ALBEIT WITH SOME REGIONAL VARIATIONS.HY ADJUSTED PROFIT BEFORE TAX 99.2 MILLION POUNDS VERSUS 76.2 MILLION POUNDS YEAR AGO.HY REVENUE 428.6 MILLION POUNDS VERSUS 344 MILLION POUNDS YEAR AGO.HY DIVIDEND PER SHARE 25.5 PENCE VERSUS 22.5 PENCE YEAR AGO.HY STATUTORY PROFIT BEFORE TAX 88.5 MILLION POUNDS VERSUS 73.4 MILLION POUNDS YEAR AGO.HY ADJUSTED BASIC EPS 95.5 PENCE.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up