Diploma (DPLM) Q1 2026 TU earnings summary

Executive summary

• Achieved 14% organic revenue growth in Q1, maintaining strong momentum and exceeding expectations.

• Completed four acquisitions in Q1 totaling GBP 75 million, with eight deals over the last two quarters amounting to GBP 130 million.

• Margins remain solid and in line with expectations, with continued strength in key segments such as Peerless, Controls, and North American Seals.

• Acquisition activity is robust, with a healthy pipeline supporting future growth.

Financial highlights

• Q1 organic growth reached 14% year-over-year, driven by volume increases.

• Acquisitions in the last two quarters are expected to generate annualized profit of approximately GBP 20 million.

• Net acquisition growth guidance increased to 3% from 2%, reflecting recent acquisitions.

• Translational FX impact was -2% on revenue, offsetting 2% acquisition growth; no material transactional FX impact due to hedging.

Outlook and guidance

• Full-year organic growth guidance remains at 6%, with expectations for first-half weighted performance.

• Margin guidance unchanged at 22.5%.

• Net acquisition growth may increase further if additional acquisitions are completed.