Renishaw backs full-year outlook after record third-quarter revenue

Renishaw PLC on Wednesday reported record financial third-quarter sales as it retained recently increased full-year guidance.

The Gloucestershire, England-based supplier of manufacturing technologies, analytical instruments, and medical devices said revenue rose 14% to a record £206.0 million in the three months that ended March 31 from £180.7 million a year prior.

This takes revenue for the nine months to March to £571.6 million, also a record and up 9.5% from £522.1 million a year ago, or 14% at constant exchange rates.

‘We have built momentum through the year to date, with significant contributions from our emerging products, delivering revenue growth in each segment and each region, as well as a substantial further expansion of our order book,’ Renishaw said in a statement.

As a result, the FTSE 250 reiterated recently raised guidance.

In April, Renishaw said it expects revenue in the financial year ending June 30 of £775 million to £805 million, raised from guidance of £740 million to £780 million provided in February.

It projects adjusted pretax profit of £145 million to £165 million, lifted from £132 million to £157 million.

In financial 2025, Renishaw reported revenue of £713 million and adjusted pretax profit of £127.2 million.

For the recent nine months, sales in Industrial Metrology rose 7.7% on-year, sales in Position Measurement grew 22%, and sales in Specialised Technologies jumped 25%.

Renishaw said it was monitoring the impact of the conflict in the Middle East and is also facing tight supply chains for certain semiconductors and critical materials.

‘We do not expect a material impact on operations in the remainder of this financial year,’ it stated.

Renishaw shares were up 1.3% to 4,918.00 pence on Wednesday morning in London.

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