World’s Largest Heat Treater Sees Small Revenue Gain
Bodycote, the world’s Largest Commercial Heat Treater has just posted financial results for the 4 months ending October 2024. As reported in this summary by “Market Watch” the company saw a small revenue gain in the past few months. All the details can be found at https://www.bodycote.com/.
We hunted through our file folders to find an appropriate photo to go with this story and we found this one taken in 2021. It shows the Bodycote facility in Darby, UK which is located inside of a Rolls Royce facility-impressive to say the least.
“Bodycote posted a slight increase in revenue, citing mixed end markets, but said it remained confident in its full-year outlook.
The London-listed provider of heat-treatment and thermal-processing services said Tuesday that for the four months through October, group revenue grew 0.2% organically, excluding surcharges.
Its aerospace and energy focused businesses delivered strong growth, while conditions remained soft in industrial markets and automotive, Bodycote said. Aerospace and energy posted revenue increases of 6.3% and 12%, respectively, while revenue in industrial markets fell by 11%. Automotive revenue rose by 0.5%, Bodycote said.
“Our end-market environment remains mixed, with the challenging conditions in automotive and industrial markets expected to continue into early 2025,” the company said.
Despite the backdrop, the resilience of the specialist technologies businesses and cost control gives confidence in delivering good progress in operating margin. In 2023, the company’s operating margin was 15.9%. For 2024, operating profit is expected to be in line with a company-compiled market consensus of 127.9 million pounds ($162.1 million), Bodycote said.”
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