The Weir Group PLC (WEIR) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. Thank you for attending today's Wear Group PLC Quarter 3 IMS Quarterly Update. My name is Sarah, and I'll be your moderator today. All lines will be muted during the presentation portion of the call, but an opportunity for questions and answers at the end. If you'd like to ask a question, press star 1 on your telephone keypad. I would like to pass the conference over to our host, Shauna Stanton, Chief Executive Officer. Please go ahead. Thank you, Operator, and good morning, everyone, and thank you for joining us today for our third quarter trading update. As usual, I'm joined by our CFO, Brian Puffer, and after a brief overview from me, we'll be happy to take your questions. So starting with current trading, where, encouragingly, our core markets of copper, gold, and iron ore are strong, and this reflects our customers' drive to maximize production, capitalizing on supportive commodity prices and structural demand, and is reflected in both positive original equipment and aftermarket activity levels. Demand in the quarter was impacted marginally by the effects of certain well-publicized copper mine disruptions, as well as a softening in demand for diamonds, platinum group metals, and mineral sands. And while we expect these effects to continue in the short term, overall activity levels in global mining markets remain positive, and the diversified and resilient nature of our business is continuing to deliver growth. The performance of our minerals and ESCO divisions in the quarter reflects this positive underlying demand accelerated by strong execution against our strategic growth initiatives. In minerals, we maintained our win rate of over 90% in competitive large mill circuit pump trials and capitalized on aftermarket demand from our growing install ba...