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Rotork PLC (ROR.L)

ROR.L on London Stock Exchange

23 Mar 2017
Change (% chg)

4.80 (+1.94%)
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Latest Key Developments (Source: Significant Developments)

Rotork says final dividend up 1.6 pct to 3.15 pence per shr
Monday, 27 Feb 2017 03:04am EST 

Rotork Plc : Total dividend up 1 percent to 5.1 pence per share . Final dividend up 1.6 percent to 3.15 pence per share . FY order intake increased 9.6 pct on prior year as a result of contributions from acquisitions and currency tailwinds . FY adjusted operating profit reduced 4.7 mln STG to 120.6 mln STG . Full year dividend of 5.10 pence versus 5.05 pence a year ago . In second half of 2016, trading environment saw some stabilisation and co benefited from a strengthening currency tailwind .Anticipate that any near-term growth in energy markets will remain modest.  Full Article

Rotork sees FY margins lower than 2015
Tuesday, 2 Aug 2016 02:00am EDT 

Rotork Plc : Interim dividend 1.95 penceper share . Sees activity in oil and gas markets will remain subdued, and timing of order placement will be difficult to forecast . Hy revenue £263.9m versus £274.2m a year ago . Board has decided to maintain interim dividend at its current level . Hy order intake increased 2.0% . Now expect our second half weighting to be more pronounced than previously indicated . Cost management programme previously announced is progressing as planned . Sees margins for fy lower than in 2015 due to a combination of increased overheads, product mix and pricing pressure .Hy adjusted operating profit £50.7m versus £65.0m a year ago.  Full Article

Rotork PLC says acquisition of Roto Hammer Industries Inc and Servo Moteurs Service
Tuesday, 29 Sep 2015 02:01am EDT 

Rotork PLC:Says acquisition of Roto Hammer Industries Inc and Servo Moteurs Service.Says Roto Hammer, based in Tulsa, Oklahoma, USA, is a manufacturer of custom-designed chain wheel manual valve operators.The enterprise value of the acquisition is up to $12.4 million, payable in cash.The purchase will be funded from existing committed bank facilities.Says Roto Hammer will sit within the Rotork Gears division.Says Separately, Rotork announces the purchase of SMS, an actuator service business located in the South of France, for up to e1.4 million, payable in cash.Says.  Full Article

Rotork PLC announces acquisition of Bifold Group
Friday, 28 Aug 2015 02:02am EDT 

Rotork PLC:Says it has acquired Bifold Group Limited for up to £125 mln on a cash-free and debt-free basis.Says Bifold is a manufacturer of pneumatic and hydraulic instrument valves and components focused on the oil and gas industry and wider industrial markets, with expertise in a number of niche sectors such as subsea and wellhead control systems.Says the total consideration is for up to £125m in cash, comprising £115m on completion and £10m deferred for up to 2 years based on achieving specific financial targets.  Full Article

Rotork PLC announces increase in interim dividend
Tuesday, 4 Aug 2015 06:46pm EDT 

Rotork PLC:Announces the interim dividend is to be increased by 1.6 pct to 1.95p per ordinary share and will be paid on Sep. 25 to shareholders on the register at the close of business on Aug. 28.  Full Article

Rotork PLC announces acquisition of Spirax-Sarco Engineering plc's M&M International Srl
Tuesday, 4 Aug 2015 02:01am EDT 

Rotork PLC:Announces the acquisition of M&M International Srl, a subsidiary of Spirax-Sarco Engineering plc.Says the enterprise value of the acquisition is e9.7 million payable in cash.Says the purchase will be funded from existing committed bank facilities.  Full Article

Rotork PLC expects FY 2015 performance to be in line with management expectations
Tuesday, 4 Aug 2015 02:00am EDT 

Rotork PLC:Says that for FY 2015 it expects overall performance to be in line with management expectations for the full year.  Full Article

Rotork PLC gives H1 2015 outlook
Friday, 24 Apr 2015 02:00am EDT 

Rotork PLC:Expects H1 2015 results to be lower than the prior year.  Full Article

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