Melrose Industries PLC
MRO: XLON (GBR)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| T$g | LOCK|$<> | LOCK|JGfhG%! |
Melrose Earnings: Management Cut 2025 Revenue Guidance, and We Cut Our Fair Value Estimate
Wide-moat Melrose delivered strong results in the first half of 2024. It reported a 12% increase in overall group revenue, primarily driven by a 21% rise in the engines division, thanks to robust performance in parts repair, defense aftermarket, and the RRSP portfolio. The structures division saw 6% growth, constrained by supply chain issues and customer de-stocking.
