Diploma PLC (DPMAY) Q3 2026 Sales/Trading Call Transcript

Diploma PLC (DPMAY) Q3 2026 Sales/Trading Call July 16, 2026 3:00 AM EDTCompany ParticipantsJonathan Thomson - CEO & DirectorWilson Ng - Group CFO,...

Company Participants Jonathan Thomson - CEO & Director Wilson Ng - Group CFO, Group Financial Controller & Director Conference Call Participants Annelies Vermeulen - Morgan Stanley, Research Division David Brockton - Deutsche Bank AG, Research Division Virginia Montorsi Daniel Thomas Cowan - BNP Paribas, Research Division Samuel Dindol - Stifel, Nicolaus & Company, Incorporated, Research Division Emanuele Sartori - Kepler Cheuvreux, Research Division James Bayliss - Joh. Berenberg, Gossler & Co. KG, Research Division Presentation Jonathan Thomson CEO & Director Good morning, everyone. Thanks for joining us.

I'm here, as usual, with our CFO, Wilson Ng. I'll say a few words on quarter 3, and then we'll move as usual to Q&A. It's been another great quarter for us, 15% organic growth, continuing the momentum from the first half of the year.

The sector trends are broadly the same as they were in the first half. Controls, very strong broad-based growth, IS Group, Clarendon, Peerless, Windy still growing double digits, taking good market share in fast-growing end markets. Life Sciences, conversely, markets are tougher.

We're going through a little bit of product cycle -- product life cycle refresh. I'm really, really pleased with what we're doing in Life Sciences, what the team are doing, but we will expect low single-digit growth for the year. Seals, we've seen some acceleration in quarter 3, and we're expecting a good quarter 4, too, not celebrating.

International is a bit better, but patchy and North American Seals is still doing very well. So look, overall, we're really happy with the quality, with the performance of the portfolio. Peerless continues to perform fantastically, taking share in really good market conditions.

Growth is moderating in the second half as we expected against very big comps. And that will continue to moderate into next year until we return to the track record of high