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Vesuvius provides molten metal flow engineering and technology for high-temperature process industries, supplying equipment, materials, and services to manage molten metal during casting. Its offerings include flow control devices, refractory parts, and other flow-management tools that shape and regulate how molten metal moves through casting, helping control flow, temperature, and safety with engineering expertise and field support. The company differentiates itself through in-depth knowledge of high-temperature flow behavior and a focus on optimizing process conditions with integrated engineering assistance. Its goal is to help customers reduce manufacturing costs, improve product quality and safety, and increase efficiency in their molten metal processes.
Industries
Industrial & Manufacturing
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
London, United Kingdom
Founded
1916
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Vesuvius reports higher revenue, flat trading profit. 373.60p. 11:48 30/07/26. Vesuvius reported first-half revenue of £913.7m on an adjusted basis on Thursday, up 1.5% at constant currencies, while trading profit was broadly flat at £74.0m as operational problems in its Steel division offset pricing gains and cost savings. 24,055.02. 5,926.86. 5,860.81. 13,957.83. Return on sales slipped to 8.1% from 8.5%, while adjusted basic earnings per share fell 0.7% at constant currencies to 16.3p. Free cash flow improved to £27.5m from an outflow of £13.9m, while net debt to EBITDA reduced to 1.9 times from 2.0 times at the end of 2025. The FTSE 250 molten metal engineering group said Foundry delivered a significant improvement, helped by positive pricing, structural cost reductions, market share gains and the MMS acquisition, while £7.4m of group cost savings were delivered ahead of schedule. "Whilst we remain mindful of the geopolitical uncertainty stemming from the Middle East, we believe the structural recovery in our steel markets is resilient and will continue in the second half and beyond," said chief executive Patrick André. Vesuvius expects full-year trading profit to be slightly ahead of 2025 at constant currencies and maintained its interim dividend at 7.1p per share. At 1008 BST, shares in Vesuvius were up 3.89% at 378.15p. Reporting by Josh White for Sharecast.com.
Vesuvius shares slide over 10% as steel problems worsen again. Vesuvius shares collapsed more than 10% on Monday after warning that steel and refractories problems have proved worse than flagged in May. Vesuvius shares retreated sharply on Monday after the metal flow engineer said operational problems in its Steel Division and weak European demand for Advanced Refractories have hit first-half profit harder than it expected two months ago. Shares in the FTSE 250 group were trading around 405p on Monday morning, down about 10% from Friday's close of 452p, after falling as low as 396.4p earlier in the session. The stock has traded between 349p and 491.6p over the past year, meaning Monday's fall has pushed it back toward the bottom half of that range. Vesuvius said in a trading update released before markets opened on Monday that trading profit for the first half of 2026 is expected to be around £74m, down from £77m a year earlier. The company blamed continuing operational issues in its Steel Division and a "challenging" trading environment for Advanced Refractories, particularly in Europe. It is the second time in two months that Vesuvius has flagged the same problems: it first disclosed the issues in a trading update on 28 May, but said on Monday the impact had proved bigger than it had anticipated then. "The operational issues, whilst temporary, are causing a greater impact than previously anticipated," Vesuvius said. "They are being addressed and are expected to be resolved by the end of the year." Despite the weaker first half, the company still expects full-year 2026 trading profit to come in slightly ahead of the £151.1m it reported for 2025, on a constant currency basis. The setback extends a difficult run for Vesuvius, whose 2025 trading profit fell 17% on a like-for-like basis as steel and foundry markets in Europe and the UK weakened. Management had described 2026 as a "transition to recovery" year, banking on cost cuts, contributions from recent acquisitions and modest volume growth to lift profit, with a bigger recovery pencilled in for 2027 as steel trade protection measures take hold. Analysts have been broadly supportive of Vesuvius despite the volatility. The most recent rating is a Buy with a 520p price target. JPMorgan, which carries a more cautious Neutral rating, raised its target to 440p in April. Monday's fall leaves the shares well below both levels. Vesuvius will publish its full half-year results on Thursday, 30 July, when markets will look for more detail on how quickly the Steel Division problems can be resolved and what they mean for margins into 2027. Until then, the scale of Monday's share price fall suggests the market is treating this as more than a temporary blip. Team Member The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.
Melanie Harris returns to Morgan Advanced Materials as Global HR Director, Thermal Ceramics. Windsor, England, United Kingdom, July 2026 - Morgan Advanced Materials has announced the return of Melanie Harris as Global Human Resources Director for its Thermal Ceramics Division, strengthening the division's global people leadership as the company advances its strategy of operational excellence, capability building, and sustainable growth. In her new role, Melanie will lead the global HR strategy for Thermal Ceramics, a business with annual revenues of approximately £350 million, comprising 20 manufacturing sites, more than 2,300 employees, an extensive sales network, and established distributor relationships worldwide. She will partner with business and functional leaders to strengthen organizational capability, leadership pipelines, talent strategy, workforce effectiveness, culture, and employee engagement across the division's international operations. Melanie returns to Morgan Advanced Materials after serving as Human Resources Director, Non-Ferrous Foundry at Vesuvius. She transitioned to Vesuvius following its acquisition of Morgan's Molten Metal Systems business and supported the integration of the acquired operation while contributing to global projects designed to strengthen the HR function. Before the transition, Melanie spent more than six years with Morgan Advanced Materials in progressively senior global HR roles. Most recently, she served as Global Human Resources Director for the Molten Metal Systems Division, leading an international HR team and aligning people strategy with business growth, innovation, and inclusion. She also led the people workstream for the division's sale, including HR due diligence and integration planning with the acquiring organization. Alongside this role, Melanie was appointed Morgan's first Global Head of Diversity and Inclusion. She designed and launched the company-wide Respect at Morgan Framework, establishing inclusive behavioural standards across the organization, and reported progress against diversity, equity, and inclusion priorities to the Board and Executive Leadership Team. Earlier at Morgan, Melanie served as Human Resources Director, North America and China - Seals & Bearings Division, leading HR operations across the United States, Mexico, and China. She previously held the role of Human Resources Director, North America, where she modernized people systems, led organizational redesign, and successfully managed collective bargaining negotiations in complex unionized environments. She was also selected for Morgan's Executive Development Program in recognition of her enterprise leadership potential. Before joining Morgan Advanced Materials, Melanie held leadership roles across total rewards, talent, organizational development, and HR transformation. At American Textile Company, she served as Director, Total Rewards & Talent and earlier as Senior Manager, Organizational Development and Compensation, where she established the organization's first job architecture and salary structure, launched a corporate university, and introduced enterprise-wide talent and succession planning. Her earlier career included roles at WESCO Distribution, Kennametal, PNC, Federated Investors, and General Electric, where she developed extensive expertise in global talent management, organizational effectiveness, compensation, leadership development, employee learning, change management, sales effectiveness, and large-scale transformation. Across more than 25 years of experience, Melanie has built deep expertise in Global HR Leadership, Strategic Human Resources, Organizational Design, Talent Management, Succession Planning, Leadership Development, Diversity and Inclusion, Total Rewards, Employee Relations, Union Negotiations, M&A Integration, Change Management, Organizational Effectiveness, and Culture Transformation. Morgan Advanced Materials is a global advanced materials company that combines material science, application expertise, and process excellence to design and manufacture mission-critical solutions. Its products support essential systems across industries and help enable advances in transportation, energy, industrial manufacturing, healthcare, and other critical sectors. Building on more than a century of experience, Morgan Advanced Materials is pursuing a multi-year strategy focused on unlocking the company's potential through operational excellence, improved asset utilization, portfolio value creation, innovation, and disciplined execution. The company aims to strengthen its leadership across selected markets while developing the capabilities required to support long-term, sustainable growth.
Vesuvius snaps up Indian foundry business from Morgan.
Vesuvius plc 11 June 2025 Notification of Transactions of Persons Discharging Managerial Responsibilities Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them +--------------+----------------------------+--------+---------+-+-+ |1 |Details of the person | | |discharging managerial | | |responsibilities / person | | |closely associated
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Industries
Industrial & Manufacturing
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
London, United Kingdom
Founded
1916
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