Diploma upgraded its full-year guidance for the second time on Thursday after reporting a strong third-quarter performance, with organic revenue growth reaching 15% in the nine months to 30 June.
Diploma
16 July 2026 09:50:48
Source: Sharecast
The FTSE 100 value-add solutions group said momentum from the first half continued, with Controls delivering particularly strong growth across IS Group, Clarendon, Peerless and Windy City Wire, while Seals performed slightly ahead of the first half and Life Sciences remained resilient despite challenging market conditions.
It said the acquisition of CDM, completed on 25 June, established a strong US interconnect platform focused principally on defence markets.
Diploma now expects FY26 organic revenue growth of 14%, up from 12% previously, with acquisitions adding 6% to reported growth and operating margins reaching around 26.5%, up from previous guidance of around 25%.
The upgrade implies operating profit growth of approximately 42%, around 7% above consensus expectations.
At 0933 BST, shares in Diploma were up 4.73% at 7,090p.
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