Porvair H2 Earnings Call Highlights

On cash, Porvair generated £29.2 million of cash from operations, up 14% , which management attributed to improved trading performance and working capital discipline. The working capital outflow was £1.6 million , improved from £3.8 million the prior year. After capital spending, the company ended the year with £22.9 million of cash and no debt.Foreign exchange was a recurring theme. James said revenue faced a translation headwind from a weaker U.S. dollar, noting that about 45% of group revenue is delivere ...