Howden Joinery Group H2 Earnings Call Highlights

Gross margin improved by 110 basis points versus 2024, supported by the annual price increase and “effectively managing price and volume” while taking share. The company delivered an EBIT margin of 14.7% and profit before tax rose 5.1% to GBP 345 million. The effective tax rate declined to 22.4% from 24% as the company refined its Patent Box claim, and earnings per share grew 8%, also reflecting a lower share count following buybacks.Callaway reported group sales increased 4.1% to GBP 2.4 billion, with U.K. ...