Marshalls Share Discussion Threads

[lauders] 09/5/2023 07:26

Not going to be good here today it would seem. MSLH have really been hit by the slower economic trend in the UK. Will no doubt take time to recover if we believe this part of the downbeat TA:

Outlook

The Board remains confident that the Group is well placed to deliver profitable long-term growth when market conditions improve and continues to focus on its key strategic initiatives. In the near-term, the macro-economic climate is expected to remain challenging and the trading performance in the year to date has been weaker than originally anticipated.

[neutralpov] 03/5/2023 18:29

Back to MSLH.lon

You do know that since

now gives a blank for both market segment and sector, this stock will drop off the radar for many investors?

@ Morningstar too.

[essentialinvestor] 27/4/2023 18:26

mrf, off topic - you still bearish on VLX re
their EV charging tech?, if you could post on SHA, thanks.

[my retirement fund] 27/4/2023 18:21

Boring business

[lauders] 27/4/2023 12:06

MSLH not doing much when it comes to the share price. Up and down within a 250-360p range for the last 6 months or so. Perhaps they should shout about this "major innovation in product innovation" a bit more to get the price higher? ESG is a major focus of most companies these days and this should help:

[waldron] 02/4/2023 06:19

ENJOY YOUR DAY AND COMING WEEK Lauders

take care

[lauders] 02/4/2023 04:46

Spotted this from a couple of months ago. Not exactly the best analysis as does not mention debt is due to the Marley Group acquisition, just notes there was a big jump. Nothing about new assets/infrastructure coming online soon to make things even more promising down the line. Some interesting website mentions, that is probably about it!

[waldron] 01/4/2023 07:16

Latest Dividends

Summary Previous dividend Next dividend

Status Paid Declared

Type Interim Final

Per share 5.7p 9.9p

Declaration date 18 Aug 2022 (Thu) 15 Mar 2023 (Wed)

Ex-div date 20 Oct 2022 (Thu) 01 Jun 2023 (Thu)

Pay date 01 Dec 2022 (Thu) 03 Jul 2023 (Mon)

[waldron] 01/4/2023 07:14

Upcoming events on MARSHALLS PLC

May/10/23 | 11:00am Annual General Meeting

June/01/23 Final dividend

it might well return to its former glory in coming months

[waldron] 01/4/2023 07:11

Cheers Lauders

LOOKS TO BE SLOWLY MOVING BACK UP

TAKE CARE

ENJOY YER WEEKEND

[lauders] 01/4/2023 01:02

Haven't looked at the MSLH website for a while but note 3x interesting videos from the last 3 months:

- Creating better spaces.

- "Lunar" a new concrete block product

- BBC review of the MSLH stand at BBC Gardeners World.

[florenceorbis] 18/3/2023 12:43

Looks like there might well be a good chance of it moving higher

[salpara111] 18/3/2023 11:39

Made some money on this a while back and just having another look. Solid results given the current market conditions.

[waldron] 15/3/2023 10:56

Josh White
Sharecast News


15 Mar, 2023 10:24


Marshalls reports record performance amid challenging market



Construction products specialist Marshalls announced strong full-year results on Wednesday, with revenue growing 22% to £719.4m, aided by the acquisition of Marley Group.


The FTSE 250 company said the acquisition of Marley played a significant role in its financial growth in 2022, with adjusted operating profit rising 31% to £101.1m.

Statutory operating profit stood at £47.9m, however, down from £76.2m in 2021.

Adjusted profit before tax showed an impressive 23% increase, reaching £90.4m, while statutory profit before tax was £37.2m, down from £69.3m, due to the impact of adjusting items worth £53.2m.

Marshalls also reported a 7% increase in adjusted basic earnings per share to 31.3p, with statutory earnings per share at 11.4p, down from 27.5p.

The company's net debt stood at £191m on a pre-IFRS 16 basis, and leverage was 1.35x adjusted pro forma EBITDA.

Marshalls proposed a final dividend of 9.9p per share, bringing the total full-year dividend to 15.6p, a 9% increase compared to 2021.

Looking ahead, the board said it remained confident in the group's ability to deliver long-term profitable growth as market conditions improved.

It said it would continue to focus on key strategic initiatives in the short-term while acknowledging the challenging macroeconomic climate.

The directors said they remained optimistic about delivering results in line with its expectations, assuming a progressive improvement in end markets during the year.

“Marshalls reported a record financial performance in 2022 against challenging market conditions,” said chief executive officer Martyn Coffey.

“This performance demonstrates the benefit of the group's deliberate diversification strategy, illustrated by the acquisition of Marley in 2022 and other acquisitions in recent years that now form the core of our building products segment.

“We took decisive action to reduce our capacity and cost base in 2022 in response to a contraction of demand in our landscape products business, and we will continue to focus on maintaining flexibility to respond to evolving market conditions and executing self-help initiatives as required.”

Coffey said the company’s strategy was underpinned by its strong market positions, established brands and focussed investment plans to drive ongoing operational improvement.

“Notwithstanding short-term challenges, the board remains confident that the Group is well placed to deliver profitable long‑term growth when market conditions improve and continues to focus on its key strategic initiatives.”

At 1007 GMT, shares in Marshalls were down 2.6% at 291.63p.

Reporting by Josh White for Sharecast.com.

[waldron] 15/3/2023 09:43

Marshalls 2022 profit plunges; revenue grows amid Marley acquisition

Wed, 15th Mar 2023 09:04
Alliance News

(Alliance News) - Marshalls PLC said on Wednesday profit fell in 2022, despite growth in annual revenue.

The natural stone and concrete manufacturer, based in West Yorkshire, England, said its 2022 pretax profit plunged by 46% to GBP37.2 million from GBP69.3 million the previous year. Marshalls said revenue amounted to GBP719.4 million, up 22% from GBP589.3 million.

Revenue growth is attributed to the "transformational" acquisition of Marley Group PLC in April, which diversified and boosted trading, the company said. Marley specialises in the manufacturing of pitched roof systems for the construction market.

Marshalls proposed a final dividend of 9.9 pence, up 3.1% from 9.6p, bringing the total dividend to 15.6p, up 9.1% from 14.3p the year prior.

Looking ahead, Marshalls said it is "well placed to deliver profitable long term growth" and will continue to focus on strategic initiatives.

The company also said it expects 2023 results to be in line with company expectations, despite macroeconomic challenges.

Chief Executive Martyn Coffey said: "Our strategy is underpinned by our strong market positions, established brands and focused investment plans to drive ongoing operational improvement. Notwithstanding short-term challenges, the Board remains confident that the group is well-placed to deliver profitable long-term growth when market conditions improve and continues to focus on its key strategic initiatives."

Shares in the company traded 2.0% lower at 293.36 pence each in London on Wednesday morning.

By Sabrina Penty; Alliance News reporter

Comments and questions to [e-mail]

[waldron] 15/3/2023 08:11

Outlook

-- The Board remains confident that the Group is well placed to deliver profitable long-term growth when market conditions improve and continues to focus on its key strategic initiatives

-- In the shorter-term, whilst the macro-economic climate is expected to remain challenging and assuming a progressive improvement in our end markets during the year, the Board remains confident of delivering a result that is in-line with its expectations

Commenting on the results, Martyn Coffey, Chief Executive, said:

"Marshalls reported a record financial performance in 2022 against challenging market conditions. This performance demonstrates the benefit of the Group's deliberate diversification strategy, illustrated by the acquisition of Marley in 2022 and other acquisitions in recent years that now form the core of our Building Products segment.

We took decisive action to reduce our capacity and cost base in 2022 in response to a contraction of demand in our Landscape Products business, and we will continue to focus on maintaining flexibility to respond to evolving market conditions and executing self-help initiatives as required.

Our strategy is underpinned by our strong market positions, established brands and focused investment plans to drive ongoing operational improvement. Notwithstanding short-term challenges, the Board remains confident that the Group is well placed to deliver profitable long--term growth when market conditions improve and continues to focus on its key strategic initiatives."

[waldron] 15/3/2023 08:09

290.60p support, perhaps the way is up here on in

[lauders] 15/3/2023 08:06

Well, the dividend is slightly higher. Other than that it is probably a matter of waiting for the good times to return. Hopefully they will!

[waldron] 10/3/2023 14:38

support currently towards 290p but there might be a chance of a gap up if positive news next week

enjoy yer weekend

[waldron] 10/3/2023 14:35

Upcoming events on MARSHALLS PLC


March/15/2023 | 06:00am FY 2022 Earnings Release

[waldron] 02/2/2023 16:49

looking good BILLYRAY

Feeling good lewis

[my retirement fund] 02/2/2023 16:46

OK it's a fast burner hehe

[my retirement fund] 25/1/2023 09:34

slow burner here

[batham1] 19/1/2023 16:32

Good reaction to the trading statement. Looks like people starting reading the RNS after midday!