Intertek Group plc (ITRK) Q2 2025 Earnings Call

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WEBVTT 00:00:01.043 -- 00:00:03.877 Good morning, and thanks for joining us on our call today. 00:00:03.877 -- 00:00:09.242 Carl, Denny, and I are delighted to be with you and discuss our H125 results. 00:00:09.242 -- 00:00:15.024 Intertech. has demonstrated once again its high performance through the passion, innovation, 00:00:15.024 -- 00:00:19.549 and the drive of its people. And I wouldn't want to start our call today without recognizing 00:00:19.549 -- 00:00:24.675 all of my colleagues for having delivered a strong set of results in customer service, 00:00:24.675 -- 00:00:29.721 revenue growth, margin accretion, earning growth, cash generation, and 00:00:29.721 -- 00:00:32.482 ROIC progression. 00:00:33.185 -- 00:00:36.025 Here are the key takeaways of our call today. 00:00:36.025 -- 00:00:41.275 8-1-25 marks the ninth consecutive six-month period of mid-single-digit 00:00:41.275 -- 00:00:46.365 lack-for-lack revenue growth and the fifth consecutive six-month period of double-digit 00:00:46.365 -- 00:00:49.130 EPS growth at constant currency. 00:00:49.130 -- 00:00:52.837 Our profit conversion was strong with operating margin up here near about 80 bps. 00:00:52.837 -- 00:00:55.923 Our cash conversion was 118% 00:00:55.923 -- 00:00:58.570 and we've delivered a strong operating cash flow. 00:00:58.570 -- 00:01:02.954 Our RIC was excellent at 22.5%, up year-on-year 00:01:02.954 -- 00:01:07.979 by 170 bps. We are increasing our interim dividend in line with our 00:01:07.979 -- 00:01:13.284 EPS growth at actual rates. Moving forward, the value growth opportunity 00:01:13.284 -- 00:01:18.349 is significant. We expect a strong financial performance in 2025, and we remain 00:01:18.349 -- 00:01:23.174 confident in our medium-term targets of mid-single-digit like-for-like ...