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Investing.com -- Hill & Smith Holdings on Wednesday reported accelerated organic revenue growth of 3% for the July-October period, up from 2.3% in the first half of 2025, driven by strong performance in its US platform businesses.
The infrastructure products company said its order books have improved from mid-year levels, and management’s expectations for full-year 2025 remain unchanged.
The company also announced that outgoing Chairman Alan Giddins will be replaced by former Spirax CEO Nick Anderson, who will take up the role in May 2026.
The US Engineered Solutions division delivered strong performance with increased organic revenue growth compared to the first half of 2025.
This division continues to benefit from high demand across its larger platform businesses in structural growth markets including electricity transmission and distribution, water and wastewater, and infrastructure construction.
The Galvanizing division reported volume growth in both US and UK operations, with operating margins increasing in both regions compared to the same period in 2024 and the first half of 2025.
The UK volume growth represents continued progress in the turnaround initiated earlier this year by a new management team.
In contrast, the UK & India Engineered Solutions division faced more challenging market conditions, with both revenue and profit declining year-over-year, reversing progress made in the first half. This reflects softness across several UK end markets, including roads and housing.
Cash conversion for the group has remained strong, and Hill & Smith has extended and upsized its banking facilities with a new £300 million facility maturing in 2029, up from the previous £250 million, at a lower margin.
The company remains on track to achieve its financial framework target of over 18% EBITA margin, with margin expansion expected in fiscal year 2025.
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