Howden Joinery Group (LON:HWDN – Get Free Report) issued its earnings results on Thursday. The company reported GBX 17.30 EPS for the quarter, Digital Look Earnings reports. Howden Joinery Group had a return on equity of 23.58% and a net margin of 11.07%.
Here are the key takeaways from Howden Joinery Group’s conference call:
- Howdens delivered a solid first half, with group sales up 3.3% reported and 3.7% adjusted, while underlying PBT rose 4.3% to GBP 122 million and EPS grew 5.5%, showing profit growth ahead of sales.
- The company reiterated that it is on track for full-year 2026 and left its outlook unchanged, including the view that the U.K. kitchen market is most likely to be broadly flat this year.
- Management highlighted continued strength in its trade-only, in-stock model, including record customer accounts, very high stock availability, and a world-class 99.98% service level into depots.
- Howdens completed the GBP 390 million acquisition of DIY Kitchens, which it says is complementary and opens access to non-trade, online self-service customers while remaining separate from the core trade business.
- Capital returns remain a priority: the company expects to complete its GBP 100 million buyback by year-end and lifted the interim dividend by 2%, supported by strong cash generation and a robust balance sheet.
Howden Joinery Group Price Performance
HWDN opened at GBX 759.34 on Friday. The stock has a fifty day moving average price of GBX 790.34 and a 200 day moving average price of GBX 818.71. The company has a current ratio of 2.10, a quick ratio of 0.94 and a debt-to-equity ratio of 59.19. Howden Joinery Group has a 1 year low of GBX 713 and a 1 year high of GBX 981. The stock has a market cap of £4.18 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 1.96 and a beta of 1.30.
Wall Street Analyst Weigh In
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About Howden Joinery Group
Howden Joinery Group Plc is the parent company of Howdens.
Howdens sells kitchens and joinery products to trade customers, primarily small local builders, through a network of over 850 UK depots. The business also operates over 70 depots across France, the Republic of Ireland, and Belgium.
Howdens only sells to the trade – they have the expertise to ensure that our products are fitted to the highest possible standards. Local Howdens depots build trusted partnerships with trade professionals, helping them to exceed their customers’ expectations and allowing their businesses and ours to profit from doing so.
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