Renishaw backs full-year outlook after record third-quarter revenue

(Alliance News) - Renishaw PLC on Wednesday reported record financial third-quarter sales as it retained recently increased full-year guidance.

The Gloucestershire, England-based supplier of manufacturing technologies, analytical instruments, and medical devices said revenue rose 14% to a record GBP206.0 million in the three months that ended March 31 from GBP180.7 million a year prior.

This takes revenue for the nine months to March to GBP571.6 million, also a record and up 9.5% from GBP522.1 million a year ago, or 14% at constant exchange rates.

"We have built momentum through the year to date, with significant contributions from our emerging products, delivering revenue growth in each segment and each region, as well as a substantial further expansion of our order book," Renishaw said in a statement.

As a result, the FTSE 250 reiterated recently raised guidance.

In April, Renishaw said it expects revenue in the financial year ending June 30 of GBP775 million to GBP805 million, raised from guidance of GBP740 million to GBP780 million provided in February.

It projects adjusted pretax profit of GBP145 million to GBP165 million, lifted from GBP132 million to GBP157 million.

In financial 2025, Renishaw reported revenue of GBP713 million and adjusted pretax profit of GBP127.2 million.

For the recent nine months, sales in Industrial Metrology rose 7.7% on-year, sales in Position Measurement grew 22%, and sales in Specialised Technologies jumped 25%.

Renishaw said it was monitoring the impact of the conflict in the Middle East and is also facing tight supply chains for certain semiconductors and critical materials.

"We do not expect a material impact on operations in the remainder of this financial year," it stated.

Renishaw shares were up 1.3% to 4,918.00 pence on Wednesday morning in London.

By Jeremy Cutler, Alliance News reporter

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