Rotork plc (ROR) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

morning everyone thank you for joining us today for our first half results presentation alongside me is ben peacock our cfo we're pleased to have the opportunity today to talk through our performance in the period which will follow our normal format with q a at the end of the presentation we delivered a robust performance in the first half of 2026 despite the disruptions seen in oil and gas the group has continued to deliver growth and margin expansion supported by the successful execution of our growth plus strategy these initiatives are strengthening the quality resilience and returns of the business whilst positioning us for sustainable long-term growth i would like to thank all of our colleagues around the world for their dedication hard work and commitment to our continued improvements their efforts have been instrumental in delivering this performance and driving progress across the group in the first half order trends broadly reflected the revenue performance across our divisions with a very strong contribution from cpi growth in water and power and the impact of the middle east related disruption affecting oil and gas revenues grew and encouragingly target segments and service continued to perform well with strong growth in both areas which i'll discuss in more details on the next slide adjusted operating margins continued to expand increasing 60 basis points on an OCC basis We also maintained a peer leading return on capital employed of 37% despite the mixed operating environment. This performance reflects our stronger exposure to faster growing target segments, the mission critical nature of our products, our asset light business model and our continued focus on cost discipline. We continue to deploy capital in line with our discipline allocation framework....