Melrose Industries

24 days ago · wsj.com

Melrose also said it expects to restart operations at the Garden Grove, California site this quarter.

2 months ago · seekingalpha.com

Melrose Industries PLC has made progress resolving the Garden Grove accident, including a quick timeline to restoring full production and establishing a $100M claims fund. The core MLSPF business remains strong, with the first half seeing 10% revenue growth and 16% adjusted profit growth, with even stronger growth (19% and 21%) in the Engines segment. Civil aerospace backlogs remain robust and defense spending is on the upswing, providing a healthy runway for multiple years of meaningful revenue growth and margin leverage.

2 months ago · proactiveinvestors.co.uk

JPMorgan has cut its free cash flow forecasts for Melrose Industries PLC (LSE:MRO, OTC:MLSPF), the FTSE 100 aerospace supplier, after it announced a claims programme providing up to $100 million for eligible residents and businesses affected by the Garden Grove evacuation. The incident happened in May when a tank containing 6,000 to 7,000 gallons of methyl methacrylate at Melrose's Orange County, California facility overheated, creating a risk of explosion and prompting the evacuation of more than 50,000 nearby residents.

2 months ago · seekingalpha.com

Melrose Industries PLC delivered strong H1 2026 results, with revenue up 10% and adjusted operating profit up 16%. The investment case is now split between robust aerospace execution and material uncertainty from the Garden Grove incident, which paused the £175M buyback. Core 2026 guidance remains intact pre-Garden Grove, but free cash flow estimates are cut by ~10% and the base case price target is lowered to $9.34.

2 months ago · proactiveinvestors.co.uk

Melrose Industries PLC (LSE:MRO, OTC:MLSPF) has outlined a $100 million claims programme for residents and businesses affected by the May evacuation linked to an incident at its GKN Aerospace's Garden Grove facility in California. The company has confirmed that no criminal charges will be brought and that manufacturing is targeted to restart next month.

3 months ago · seekingalpha.com

Melrose Industries PLC (MLSPF) Q2 2026 Earnings Call Transcript

3 months ago · marketbeat.com

Melrose Industries LON: MRO reported double-digit revenue and operating-profit growth for the first half of 2026, supported by demand in civil aerospace and defense, while an incident at its Garden Grove facility in California created uncertainty around production timing, exceptional costs and shareholder returns.

3 months ago · proactiveinvestors.com

Melrose Industries PLC (LSE:MRO, OTC:MLSPF) shares fell 3.5% to 458.8p after the aerospace and defence group warned of further exceptional costs linked to a...

3 months ago · proactiveinvestors.com

Futura Medical PLC (AIM:FUM, OTC:FAMDF, FRA:GYX) said its stronger Eroxon Intense erectile dysfunction gel has been cleared for launch across the European...

5 months ago · proactiveinvestors.co.uk

Bank of America has reiterated its 'buy' rating and 720p price target on Melrose Industries PLC (LSE:MRO, OTC:MLSPF), the FTSE 100 aerospace group, arguing the shares look cheap as they trade close to their lowest level this year. Melrose, which owns the GKN Aerospace engineering business, is due to report half-year results with its stock near a 12-month low.