Goodwin shares jumped on Monday after the engineering company upgraded its profit outlook and announced a special dividend to be paid in November.
After releasing a trading update just a month ago, Goodwin made a surprise announcement on Monday that it expects pre-tax trading profit to exceed £71 million for the financial year ending April 2026.
This represents a 100% increase on the prior year’s £35.5 million.
The Stoke-on-Trent-based engineering firm said all divisions contributed to the performance, supported by a robust order book of £365 million. The firm said it had “a high degree of confidence” in the forecast and wouldn’t make a habit of issuing guidance, but, given the strength of recent trading, felt it appropriate to make the announcement.
In recognition of shareholders’ commitment to the company’s investment programmes, the board has declared a special one-off interim dividend of 532 pence per share. This comes in addition to the 140 pence dividend paid earlier this month and a further 140 pence due in April 2026.
The special dividend will be paid on 21st November to shareholders on the register at the close of business on 7th November.
The board emphasised that the special dividend would not compromise future growth and that it remains confident in ongoing profitability and cash flow to support existing operations and attractive investment opportunities.
Goodwin shares were 20% higher at the time of writing.