James Halstead (AIM:JHD) celebrated 70 years as a listed company in 2018 The group was established in 1914 and continues to operate out of the original premises in Bury. In its factories in Bury and Teesside it manufactures resilient flooring for distribution in the UK and worldwide. The group employs around 830 people, the majority of whom are in the UK.
We took an in-depth look at this excellent business in our Premium Research here
Results for the year ending 30 June 2018
Revenue +3.6% to £249.5m Profit before tax flat at £46.7m (2017: £46.6m) Earnings per share 17.7p (2017: 17.6p) marginally ahead of consensus at 17.5p Final dividend per share +4.3% to 9.65p – is another special dividend on the cards? Cash £50.7m (2017: £52.5 million) – no debt!
‘…year on year adverse effect of raw material price increases was 9.5% which equates to about £1.8m. To an extent this was the result of a weak sterling and was offset by sales…
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