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Hill & Smith PLC on Wednesday said it expects yearly profit to beat market expectations, as the infrastructure company enjoyed ‘strong trading’ at the end of 2022.
The West Midlands, England-based company expects underlying operating profit from continuing operations above market forecasts of £88.6 million to £93.3 million for 2022. Underlying operating profit in 2021 amounted to £86.0 million, so it expects growth of around 8.5% at least.
‘In particular, we have seen outperformance in our US Galvanizing and US based Engineered Solutions businesses,’ Hill & Smith said.
The company will report annual results on March 8.
Hill & Smith shares were 1.3% higher at 1,276.00 pence each in London on Wednesday morning.
By Eric Cunha, Alliance News news editor
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