Galliford Try (LSE:GFRD) has been appointed to the £1.5bn YORbuild Major Works 2 framework, securing a four-year position to deliver major public sector construction projects valued above £10m and £30m. The appointment expands the company’s opportunities across Yorkshire, the Humber, the North East and parts of the Midlands, strengthening its regional presence and providing access to a substantial pipeline of public sector work.
By securing places on key framework lots, Galliford Try has strengthened its ability to compete for large-scale construction projects commissioned by public sector organisations and third-sector bodies. The framework is expected to support a consistent flow of work for the group’s building division, reinforce relationships with regional clients and enhance its position within the UK’s public construction market.
Galliford Try continues to benefit from solid financial performance, strong cash generation and supportive share price momentum, while its valuation remains relatively attractive with a price-to-earnings ratio of 12.44 and a dividend yield of 3.32%. However, investors continue to monitor slower revenue growth and relatively modest operating margins, which remain the principal challenges facing the business.
More about Galliford Try
Galliford Try Holdings plc is a leading UK construction and infrastructure company listed on the London Stock Exchange and a constituent of the FTSE 250 index. Operating through the Galliford Try and Morrison Construction brands, the group delivers building, engineering and infrastructure projects for clients across the public, private and regulated sectors throughout the UK.
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