The Weir Group PLC (WEIR) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone, and thanks for joining us today. The Weir Group PLC Q1 IMS. My name is Sammy, and I'll be coordinating your call today. During today's presentation, you can register a question by pressing star followed by one on your telephone keypad. If you change your mind, please press star followed by two on your telephone keypad to remove yourself from the question queue. And I'll hand over to your host, John Stanton, Chief Executive Officer to begin. Please go ahead, John. Thanks, Stanley. And good morning, everyone. And thank you for joining us today for our first quarter 2026 trading update. As usual, I'm joined by our CFO, Brian Puffer. And after my remarks, we'll be pleased to take your questions. First, I'll talk about the Q1 statement and then come back to today's other news at the end. So starting with the external environment, demand fundamentals in mining remain positive. underpinned by structural growth in critical metals such as copper, iron ore, and gold. Our customers continue to prioritize productivity, de-bottlenecking, and expansion projects at existing sites, alongside investment in technologies that improve sustainability and reduce total cost of ownership. Demand for large equipment projects is picking up pace. In the quarter, we picked a 20 million pounds order for GeoPumps in India, further evidence of our market-leading slurry transportation solutions, and the pipeline of larger expansion opportunities is really encouraging. Adding to our larger wins, we've booked a number of smaller strategic orders in the quarter. We continue to see market share gains in our core warm and pump and ESCO GET brands, and the pipeline of opportunities for our newer technologies is very encouraging. Excitingly, in software solutions, Micromine is starting to...