Jardine Matheson raises 2026 earnings guidance as high as US$5.65 per share
It also acquires the remaining 50% of Gammon Construction it did not already own for US$330 million
Jardine Matheson has raised its 2026 earnings guidance to a range of US$5.50 to US$5.65 per share, marking a 3 to 6 per cent increase over its 2025 EPS. This adjustment comes after the company acquired the remaining 50% stake in Gammon Construction from Balfour Beatty for US$330 million. The deal, which values Gammon Construction at £250 million (US$330 million) and will be paid in three tranches, is expected to be modestly accretive in the first year.
The acquisition of Gammon Construction, an Asian construction and engineering company, is anticipated to boost Jardine Engineering & Infrastructure's (JE&I) growth and scale. With Kevin O'Brien at the helm, Jardine Matheson aims to double the earnings of JE&I through strategic investments and targeted mergers and acquisitions.
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