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Last $11.80 USD
Change Today -0.17 / -1.42%
Volume 58.5K
As of 8:10 PM 08/3/15 All times are local (Market data is delayed by at least 15 minutes).

weir group plc/the -unsp adr (WEIGY) Snapshot

Open
$11.82
Previous Close
$11.97
Day High
$11.82
Day Low
$11.68
52 Week High
09/3/14 - $22.78
52 Week Low
07/27/15 - $11.47
Market Cap
5.0B
Average Volume 10 Days
110.8K
EPS TTM
--
Shares Outstanding
427.9M
EX-Date
04/29/15
P/E TM
--
Dividend
$0.44
Dividend Yield
2.88%
Current Stock Chart for WEIR GROUP PLC/THE -UNSP ADR (WEIGY)

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weir group plc/the -unsp adr (WEIGY) Details

The Weir Group PLC designs, manufactures, and supplies products and engineering services for the minerals, oil and gas, and power and industrial markets worldwide. The company operates in three segments: Minerals, Oil & Gas, and Power & Industrial. The Minerals segment designs, manufactures, and supports products for mining and minerals processing including comminution, slurry transportation and mine dewatering; sand and aggregates; and oil sands. Its products include pumps, hydrocyclones, valves, dewatering equipment, wear-resistant linings, rubber products, crushers, and screening machines. This segment offers its products under the Warman, GEHO, Linatex, Vulco, Cavex, Enduron, and Tiro brand names. The Oil & Gas segment provides products and service solutions for upstream, production, transportation, refining, and related industries. It offers upstream products, such as pressure pumping equipment and services, pressure control products, and rental services; downstream products, including pumps and spare parts for refining and petrochemical industries; engineered mechanical and rotating equipment repairs and upgrades; oilfield and drilling equipment repair and certification services; and asset management and field services. This segment sells its products and services under SPM, Seaboard, Mathena, Novatech, Mesa, Gabbioneta, and Weir Oil & Gas Services brand names. The Power & Industrial segment designs and manufactures valves, pumps, and turbines, as well as provides specialist and support services to the nuclear, conventional and renewable power generation, water and wastewater, mid and downstream oil and gas, and general industrial processes. This segment offers its products under the Hopkinsons, Atwood & Morrill, Blakeborough, Sarasin- RBSD, Sebim, Tricentric, BDK, Roto-Jet, Weir American Hydro, and Batley Valve brands. The Weir Group PLC was founded in 1871 and is based in Glasgow, United Kingdom.

16,347 Employees
Last Reported Date: 03/20/15
Founded in 1871

weir group plc/the -unsp adr (WEIGY) Top Compensated Officers

Chief Executive Officer, Executive Director a...
Total Annual Compensation: 1.4M GBP
Group Finance Director and Director
Total Annual Compensation: 776.6K GBP
Compensation as of Fiscal Year 2014.

weir group plc/the -unsp adr (WEIGY) Key Developments

Weir Group Announces Earnings Results for the First Six Month of 2015

WEIR Group announced earnings results for the first six month of 2015. The company saw revenue in the first six months of the year slip 13% from GBP 1.14 billion to almost GBP 1 billion. The company underlying pre-tax profit drop from GBP 181.8 million to GBP 108.2 million. The half-year profits of the company plunge 40% as a result of difficult oil and gas markets. Revenue from continuing operations of GBP 1 billion decreased 13%, with operating profit down 36% to GBP 129 million. Profit before tax of GBP 108 million is down 40% year-on-year, as reported. On a positive note, cash generated by operations increased by 35% in the first half to GBP 202 million, driven by excellent cash collection of receivables with the EBITDA to cash conversion ratio 124%. Headline earnings per share of 38.7 pence compared to 61.4 pence per share in 2014. In total, free cash inflow was GBP 59 million after dividends compared to a GBP 20 million outflow last year. Net debt has decreased from GBP 861 million at the end of 2014 to GBP 817 million over half year, driven by fee cash inflow of GBP 59 million.

Weir Group Mulls Acquisitions

The Weir Group PLC (LSE:WEIR) intends to pursue acquisitions. The company has reiterated its appetite for acquisitions. "Merger and acquisition is part of our strategy and we continue to look for things. We would certainly hope there will be some opportunities for us over the coming months and years," Andrew Neilson, Director of Strategy, said.

Weir Group to Cut Another 125 Jobs

Slumping orders for oil and gas projects in the wake of the oil price collapse have forced the Weir Group to cut another 125 jobs. Weir has already shed 1,300 staff around the world in the 2014, but chief executive Keith Cochrane swung the axe again on April 29, 2015 in a quest for £10 million in savings. Since the start of the year, the US oil-rig count has more than halved, as explorers slashed capital spending. This sent orders in Weir's oil and gas division down 23% in the first quarter.

 

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Industry Analysis

WEIGY

Industry Average

Valuation WEIGY Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.4x
Price/Book 2.4x
Price/Cash Flow NM Not Meaningful
TEV/Sales 1.4x
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