Edition:
United States

Morgan Advanced Materials PLC (MGAMM.L)

MGAMM.L on London Stock Exchange

328.20GBp
21 Sep 2018
Change (% chg)

0.60 (+0.18%)
Prev Close
327.60
Open
334.40
Day's High
334.40
Day's Low
327.40
Volume
783,957
Avg. Vol
393,329
52-wk High
370.00
52-wk Low
295.60

Latest Key Developments (Source: Significant Developments)

Morgan Advanced Posts FY Pretax Profit 135.8 Million Stg
Tuesday, 27 Feb 2018 02:01am EST 

Feb 27 (Reuters) - Morgan Advanced Materials Plc ::FY PRETAX PROFIT 135.8 MILLION STG VERSUS 87.9 MILLION STG YEAR AGO.FY REVENUE 1.022 BILLION STG VERSUS 989.2 MILLION STG YEAR AGO.FINAL DIVIDEND 7 PENCEPER SHARE.TOTAL DIVIDEND 11 PENCEPER SHARE.FY ‍FREE CASH FLOW BEFORE ACQUISITIONS, DISPOSALS, DIVIDENDS, AND ADDITIONAL US PENSION PAYMENTS AT 54 MILLION STG.FY PRETAX PROFIT AT ‍135.8​ MILLION STG VERSUS 87.9 MILLION STG YEAR AGO.FY OPERATING PROFIT AT ‍158.1​ MILLION STG VERSUS 107.3 MILLION STG YEAR AGO.‍INCREASED OUR INVESTMENT IN TECHNOLOGY DEVELOPMENT IN 2017 TO £34.3 MILLION​.  Full Article

Morgan Advanced Materials ‍Expects Tax Rate To Be Reduced To Range Of 28-29 Pct For FY 2018​​
Wednesday, 24 Jan 2018 02:00am EST 

Jan 24 (Reuters) - Morgan Advanced Materials Plc ::‍NOTES PASSAGE INTO LAW OF TAX CUTS AND JOBS ACT IN UNITED STATES.‍EXPECT GROUP'S EFFECTIVE TAX RATE TO BE REDUCED FROM 30% IN 2017, TO A RANGE OF BETWEEN 28% AND 29% FOR YEAR ENDING DEC 2018​​.  Full Article

Morgan Advanced Materials To Make Additional Contribution Of $36 Mln To its U.S. Pension Scheme
Monday, 11 Dec 2017 02:24am EST 

Dec 11 (Reuters) - Morgan Advanced Materials Plc ::‍ADDITIONAL US PENSION PAYMENT​.ELECTED TO MAKE ACCELERATED CASH CONTRIBUTION OF ADDITIONAL $36 MILLION TO US DEFINED BENEFIT PENSION SCHEME IN DECEMBER 2017​.ONGOING PAYMENTS TO DEFINED BENEFIT PENSION SCHEMES ESTIMATED TO REDUCE FROM EXPECTED £25 MILLION PER ANNUM TO CA. £16.5 MILLION PER ANNUM FROM 2018​.  Full Article

Morgan Advanced Materials says full year outlook unchanged​
Monday, 6 Nov 2017 02:00am EST 

Nov 6 (Reuters) - MORGAN ADVANCED MATERIALS PLC ::‍MORGAN ADVANCED MATERIALS PLC IS TRADING IS IN-LINE WITH OUR EXPECTATIONS AND OUR OUTLOOK FOR FULL YEAR IS UNCHANGED​.  Full Article

Morgan Advanced Materials reports half year revenue of 518.9 million stg
Friday, 28 Jul 2017 02:10am EDT 

July 28 (Reuters) - Morgan Advanced Materials Plc ::HALF YEAR REVENUE 518.9 MILLION STG.INTERIM DIVIDEND 4 PENCEPER SHARE.MORGAN ADVANCED MATERIALS PLC - ON TRACK TO MAKE PLANNED £6 MILLION INCREMENTAL INCREASE IN RESEARCH AND DEVELOPMENT AND SALES CAPABILITY.MORGAN ADVANCED MATERIALS PLC - HY GROUP HEADLINE OPERATING PROFIT MARGIN* IMPROVED TO 11.9 PCT (1H 2016: 11.6 PCT).  Full Article

Morgan Advanced Materials says FY outlook remains unchanged
Friday, 5 May 2017 02:00am EDT 

May 5 (Reuters) - Morgan Advanced Materials Plc ::Trading conditions in period since full year are in line with management expectations.Year-to-date sales, on a constant currency basis, were 0.8% lower for group compared to Q1 of last year.Management expectations for half and full year remain unchanged.  Full Article

Morgan Advanced Materials FY pre-tax profit 87.9 mln stg
Thursday, 23 Feb 2017 02:00am EST 

Morgan Advanced Materials Plc : FY revenue rose 8.5 percent to 989.2 million stg . FY profit before tax 87.9 million stg versus 59 million stg year ago . Final dividend 7 pence per share . Total dividend 11 pence per share . Says expecting challenging market conditions to continue in 2017 and have planned prudently as a result - CEO .Says "operational improvement activity is ahead of plan with £6 million of net savings now planned for 2017".  Full Article

Morgan Advanced Materials to sell its UK Electro-Ceramics business to unit of CeramTec GMBH
Wednesday, 22 Feb 2017 02:05am EST 

Morgan Advanced Materials PLC : Agreed sale of its UK Electro-Ceramics business to Ceramtec UK Limited, a fully owned subsidiary of Ceramtec GMBH . Transaction is structured as sale of business, assets and goodwill for £47m on a cash-free, debt-free basis, payable in cash .Proceeds from sale will be used for re-investment in core business.  Full Article