{
  "id": 14083834,
  "title": "Jardine Matheson raises 2026 earnings guidance as high as US$5.65 per share",
  "url": "https://urgent.news/2026/10/13/jardine-matheson-raises-2026-earnings-guidance-as-high-as-us-5-65-per",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T00:58:52.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/jardine-matheson-raises-2026-earnings-guidance-high-us5-65-share"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "It also acquires the remaining 50% of Gammon Construction it did not already own for US$330 million",
  "key_points": [
    "Jardine Matheson raises 2026 earnings guidance to US$5.50 to US$5.65 per share",
    "Acquisition of Gammon Construction valued at US$330 million",
    "Expected to boost JE&I growth and scale with Kevin O'Brien's leadership"
  ],
  "editors_take": "The full acquisition of Gammon Construction signals a shift toward aggressive scale through strategic mergers that will drive long-term growth for the company's engineering and infrastructure division.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Straits Times Business",
        "title": "Jardine Matheson raises 2026 earnings guidance as high as US$5.65 per share",
        "url": "https://urgent.news/2026/10/13/jardine-matheson-raises-2026-earnings-guidance-as-high-as-us-5-65-per-14115357",
        "published": "2026-10-13T04:00:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}