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Hill & Smith - Beats forecasts

May 2018

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Hill & Smith posted strong finals, around 4% ahead of forecast. On revenues that rose 5% to £585m, pretax profit increased 12% to £78.5m while eps rose 15% to 74p. The “beat” - its fourth in four years - reflected better than expected operating margins of 13.8%, while a 14% increase in the dividend to 30p was its fifteenth successive increase!The big driver was the Infrastructure Roads division, which increased underlying profit by 20% to £23.6m (margins up from 11.7% to 12.6%). This side manufactures and installs temporary and permanent safety barriers, variable messaging signs and other road furniture and benefits from Government investment to improve connectivity and the condition of the road network. Highways England’s late ...

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Hill & Smith - Expansion into utilities and power generation sectors heralds new era (July 2012)

Hill & Smith - Infrastructure side still buoyant (January 2010)

Hill & Smith - Shares gain 53% since May tip (October 2009)

Hill & Smith - Sharp fall in net debt (August 2009)

Hill & Smith - CEO buys another 50,000 shares (July 2009)

Hill & Smith - Main markets in transport infrastructure nicely protected from recession (May 2009)

Hill & Smith - Acquisition strengthens US business (October 2008)

Hill & Smith - Supplier of transport infrastructure products enjoying strong growth (April 2008)

Hill & Smith - Shares soar above £4: a new high (October 2007)

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Hill & Smith - Beats forecasts

May 2018

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