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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Ibstock
Ibstock (IBST) investor relations material
Ibstock Q3 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 TU earnings summary2 Nov, 2026
Executive summary
Trading conditions deteriorated sharply in Q3 and remained weak into October, prompting production cuts and further cost action.
Full-year adjusted EBITDA is now expected in the mid-£40m range, as second-half performance is forecast materially below previous expectations.
Financial highlights
Lower fixed-cost absorption from reduced production is expected to reduce adjusted EBITDA by approximately £6m, in addition to the impact of lower sales volumes.
Full-year adjusted EBITDA expected in the mid-£40m range.
Outlook and guidance
Second-half performance is expected to be materially below previous expectations; full-year adjusted EBITDA guidance is mid-£40m.
Your First Home support scheme may support medium-term housing demand, but its April 2027 start is expected to weigh on near-term demand.
Nostell ceramic façades factory commissioning is expected to complete by year-end; attractive financial returns are expected as volumes build over the medium term.
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Latest events from Ibstock
- Downturn cut earnings, but cost actions and investment position the business for recovery.IBST
H2 2023 - Revenue down 15%, £26.6m loss before tax, but clay market share and H2 outlook improved.IBSTH1 2026
- Clay sales volumes rebounded, revenues fell 10%, and full year outlook aligns with consensus.IBSTTrading update
- Revenue up 2% to £372.1m, EBITDA down 10%, with cautious outlook amid market uncertainty.IBSTH2 2025
- Revenue up 2% to £372m; robust cash flow and investments position for future growth.IBSTTrading update
- Lower demand impacts 2025 outlook, but operational progress and cash flow remain strong.IBSTTrading Update
- Strong volume growth drove revenue up 9%, but margins fell; H2 profit improvement expected.IBSTH1 2025
- Revenue and profit fell sharply, but cost savings and new capacity support recovery.IBSTH1 2024
- Resilient 2024 margins, innovation progress, and volume growth expected in 2025.IBSTH2 2024
Next Ibstock earnings date
H2 20264 Mar, 2027
Ibstock
Next Ibstock earnings date
H2 20264 Mar, 2027
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Frequently asked questions
The Ibstock plc is an integrated producer of products for construction, the United Kingdom. The Company manufactures and sells clay and concrete building products and solutions primarily in the United Kingdom. Its principal products include clay bricks, brick components, concrete roof tiles, concrete stone masonry substitutes, concrete fencing, pre-stressed concrete, and concrete rail products. Ibstock plc was founded in 1825 and is headquartered in Ibstock, the United Kingdom.