Diploma PLC (DPMAY) Q4 2026 Guidance Call Transcript

Core Viewpoint - The company has upgraded its trading expectations for the year, indicating strong performance in the first half and confidence in continued momentum into the second half [1]. Financial Performance - Organic growth guidance has been increased from 6% to 9% for the year, while acquisition growth remains at 3% [2]. - Margins have improved from 22.5% to 25%, leading to a 13% increase in consensus operating profit [2]. - The group's growth, excluding Peerless, is running at high single digits, significantly above the company's model [2]. Market Dynamics - Peerless is performing well, benefiting from sustainable positive market dynamics and gaining market share [2]. - Although growth is expected to moderate in the second half due to strong comparatives, the company anticipates good revenue and profit growth overall [3].