Weir Group Q3: Strong Performance, Growth Expectations
Update: 2025-11-05
Description
The Weir Group, a leading engineering firm, reported robust third-quarter results, with expectations to meet annual financial targets. Despite a slight dip in overall new orders, the company saw a steady flow of business, with new orders slightly surpassing fulfillments. The Minerals division faced a six percent decline, but after accounting for unusually high orders last year, orders actually grew by thirteen percent. The ESCO division shone with an eleven percent increase in orders, driven by mining equipment demand and expansion in the Asia-Pacific region. The company is also on track to save eighty million pounds through its Performance Excellence program, despite currency exchange rate challenges.
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