Trade Spirax-Sarco Engineering PLC - SPX CFD

About Spirax-Sarco Engineering plc

Spirax-Sarco Engineering PLC is a United Kingdom-based industrial engineering company, which focuses on thermal energy management . The Company is focused on three specialist engineering businesses, including steam specialties, electric thermal solutions and Watson-Marlow. Its steam specialty companies include Spirax Sarco and Gestra use natural technology to control and manage steam. Its electric thermal solutions companies include Chromalox and Thermocoax. Watson-Marlow provides customers with peristaltic pumps and associated fluid path technologies. The Company serves industries, including pharmaceutical & biotechnology, food & beverage, original equipment manufacturer (OEM), oil & gas, chemical, power generation, healthcare, buildings, mining & precious metal processing, water & waste water, pulp and paper.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Spirax-Sarco Engineering plc revenues increased 13% to £1.34B. Net income increased 35% to £234.6M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Amortisation of intangibles decrease of 20% to £21.4M (expense), Restructuring Costs decrease from £4.3M (expense) to £0K.

Equity composition

Figures for 2001 have been restated due to the adoption of FRS19. The company changed accounting standards to IFRS. 06/2013, 26-for-27 Reverse Stock split. 06/2013, 26-for-27 Reverse Stock split.