Positive news from the USA for a change…
News covered here includes our assessment of results from an elderly producer of ceramics, which many of us are likely to have come across whether we knew it or not, and a producer of building products, which is proving resilient in a very tricky market. Both companies offer very appealing dividend yields. Elsewhere, a manufacture of infection prevention products has received the approval of a highly-regarded US clinic. Read on here for our forthright assessment.
Churchill China: market is encouraged Churchill China (AIM: CHH), the manufacturer of ceramic products for the hospitality sector, announced predictably lacklustre full year results. 2024 was a challenging year for this elderly company, which traces its origins back to 1795. Waning consumer confidence and political uncertainty dominated both at home and in their major overseas markets. Revenue in the year to 31 December 2024 fell 4.9% to £78.3m, while operating profit was 10.9% lower at £8.5m (margin 10.8%). Across all its key markets, the year was characterised by a lower number of new installations and replacements. Operating cash flow of…