Latest news with #Renishaw
BBC News
18-06-2025
- Business
- BBC News
Gloucestershire engineering firm attempts to make £20m in cuts
Global engineering firm, Renishaw, has announced a voluntary redundancy scheme for its UK and Ireland employees in an attempt to make £20m in which is based in Wotton-under-Edge in Gloucestershire, currently employs more than 3,000 people in the UKThey introduced their voluntary reduction scheme last Thursday as part of their global cost reduction world-leading supplier, founded in 1973, specialises in high-precision measuring systems used by companies that manufacture aircraft and medical equipment. A statement from Renishaw stated: 'In recent years, Renishaw has faced challenging market conditions. Whilst we have achieved some growth, we have also faced significant inflationary pressures in our costs which have grown faster than our revenues." A spokesperson for the company said they had already taken action to boost productivity and reduce costs including closing their Edinburgh site and reducing graduate intake. The firm said it believed the move was necessary to further reduce costs and make annual savings of up to £20m.
Business Insider
11-05-2025
- Business
- Business Insider
Renishaw upgraded to Hold from Underperform at Jefferies
Jefferies upgraded Renishaw (RNSHF) to Hold from Underperform with a price target of 2,450 GBp, down from 2,890 GBp. Renishaw's share price has been on the slide for the last four years as margins have compressed, growth has stuttered and capital allocation questions persist, though the firm sees more limited near-term earnings risk post the Q3 update and is 'encouraged' by signs of value-creating portfolio management, the analyst tells investors. Protect Your Portfolio Against Market Uncertainty
Reuters
08-05-2025
- Business
- Reuters
UK's Renishaw narrows 2025 forecast, adds surcharge due to US tariffs
May 8 (Reuters) - British engineering firm Renishaw (RSW.L), opens new tab narrowed its full-year sales and profit outlook on Thursday, and said it will introduce a surcharge to pass on the additional costs brought on by U.S. tariffs. The United States makes up about 20% of Renishaw's global revenue, and the company has factories in the UK, Ireland and India. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here. WHY IT MATTERS U.S. President Donald Trump's global tariffs have weighed heavily on companies, making them cut or withdraw their forecasts entirely amid the persisting uncertainties. Renishaw's use of high-grade metals in its products, along with the exposure of its customers in aerospace, automotive and industrial machinery sectors, makes it particularly vulnerable to the impact. CONTEXT Renishaw, which makes high-precision products across healthcare, manufacturing and scientific research sectors, was grappling with weak demand from the semiconductor manufacturing market for the better part of the year. It shut down the loss-making drug delivery operations on Thursday, but said neurosurgery activities will continue through its unit, Renishaw Neuro Solutions Ltd, while the company seeks a new owner for the business. KEY QUOTE "Under the current regime our products imported into the USA are either impacted by aluminium and steel tariffs or subject to the 'reciprocal' tariff regime," the company said in a statement. BY THE NUMBERS Renishaw expects 2025 revenue to be in the range of 700 million pounds to 720 million pounds ($930.1 million-$956.7 million), versus previous expectations of 695 million pounds to 735 million pounds. Adjusted pre-profit will now be between 109 million pounds and 127 million pounds, versus the 105 million pounds to 135 million pounds guided earlier. MARKET REACTION Shares of the Wotton-under-Edge, England-based company jumped nearly 13% to 2,580 pence in early trading. ($1 = 0.7526 pounds)
Yahoo
13-04-2025
- Business
- Yahoo
Down 65% from its highs, this FTSE 250 stock is one to consider buying low
Four years ago, shares in Renishaw (LSE:RSW) were trading at £64.75. Today, the FTSE 250 stock has a price of £22.20. That makes it look as though a lot has gone wrong with the business. But I think the reality is quite different and things aren't nearly as bad as they look. Renishaw is one of the leading manufacturers of precision measuring equipment. Its products are used in production facilities for things like medical devices, robotics, and semiconductors. It's the last of these that has been a big drag on the business recently. Semiconductors are a notoriously volatile industry and after a boom in 2021, investment in factories has slowed. On top of this, the company isn't easily able to give guidance as to when this will turn around. Its order book only provides it with visibility of around two months ahead on average. That makes it much more difficult to forecast earnings. And this in turn means the share price can be much more volatile. From a long-term perspective, though, there's a lot to like about Renishaw. It has a strong position in a growing industry – and this can often be a powerful combination for investors. Semiconductors, robotics, and medical devices look like industries set for long-term growth. And the FTSE 250 company's products are difficult to compete with in these environments. Renishaw's own equipment is highly technical, which creates a barrier to entry for competitors. But its products also feature as parts of machines made by other companies. In these cases, its components are often specified by the equipment manufacturer. And that makes them almost impossible to compete with. I think the end markets Renishaw sells into will grow over time, even if it's not clear exactly when and at what rate. But the current share price arguably doens't reflect this. The stock trades at a price-to-earnings (P/E) ratio of around 17, but this is based on earnings that have fallen significantly. A recovery could cause this multiple to contract sharply. With this type of business, I think the price-to-book (P/B) ratio is a good one to consider. The firm's book value (the value of its assets minus its liabilities) is more stable and less cyclical. On this basis, Renishaw shares are historically cheap right now. So, for investors who are prepared to live with the uncertainty, I think this is a good stock to consider buying. The danger with Renishaw is obvious – it sells into markets that are cyclical and that means demand is out of its control. And a potential recession could cause profits to decline further. Investors interested in buying the stock need to judge for themselves whether or not this is a risk they're comfortable with. For some, it might – entirely reasonably – not be. For those that can live with the volatility, though, I think this looks like an interesting stock. At historically low multiples, there's arguably never been a better time to consider taking a look. The post Down 65% from its highs, this FTSE 250 stock is one to consider buying low appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool Stephen Wright has no position in any of the shares mentioned. The Motley Fool UK has recommended Renishaw Plc. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025 Sign in to access your portfolio
Yahoo
15-02-2025
- Business
- Yahoo
Renishaw First Half 2025 Earnings: EPS: UK£0.63 (vs UK£0.62 in 1H 2024)
Revenue: UK£341.4m (up 3.3% from 1H 2024). Net income: UK£45.9m (up 1.7% from 1H 2024). Profit margin: 14% (in line with 1H 2024). EPS: UK£0.63 (up from UK£0.62 in 1H 2024). All figures shown in the chart above are for the trailing 12 month (TTM) period Looking ahead, revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Electronic industry in the United Kingdom. Performance of the British Electronic industry. The company's shares are down 12% from a week ago. You still need to take note of risks, for example - Renishaw has 1 warning sign we think you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
