Rotork (LSE:ROR) shares rose 3.04% to 318.2p after Q1 trading was reported as in line with management expectations.
Order intake was down year-on-year by a low single-digit percentage on an organic constant currency (OCC) basis, while revenues were up a low single-digit percentage on an OCC basis, with Chemical, Process and Industrial (CPI) and Water & Power delivering strong growth and Oil & Gas softer, particularly in EMEA, while Rotork Service remained resilient.
The company confirmed colleagues in the Middle East are safe and well and said current conditions have caused some Oil & Gas project delays in the region as customers prioritise production restarts and wider supply-chain constraints persist.
Rotork said it is actively managing Middle East disruption, has mitigation measures in place, has not seen material cost inflation in the period and retains the ability to implement price increases to protect margins.
The group continues to expect further progress on an OCC basis for 2026, with continued CPI and Water & Power momentum, a stable Oil & Gas performance for the year but with a greater H2 weighting, and an assumption that some delayed Middle East projects will be delivered in H2 alongside modestly higher maintenance activity.
Net cash including lease liabilities at 31 March was £56.9m (December 2025: £65.3m), the group received £22m from two small non-core disposals in the period and returned £26.4m to shareholders through an ongoing share buyback programme.
Rotork will publish its 2026 interim results on Tuesday 4 August.
