Melrose Industries PLC

MRO: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	GBX 466.00	Pnft	Bhtgwcxr

Melrose Earnings: Management Cut 2025 Revenue Guidance, and We Cut Our Fair Value Estimate

Loredana Muharremi

Aug 2, 2024

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.

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