The latest update is out from Bodycote ( (GB:BOY) ).
Bodycote has announced a new divisional reporting structure, effective for its 2024 results, which reorganizes its operations into two main technology-focused divisions: Specialist Technologies and Precision Heat Treatment. This strategic change aims to optimize operations, enhance margins, and expand market reach by focusing on high-quality and technology-driven services, with an interim non-core division to aid in the transition.
More about Bodycote
Bodycote is the world’s leading provider of precision heat treatment and specialist thermal processing services. The company focuses on technology-driven solutions, offering services like Hot Isostatic Pressing, Specialty Stainless Steel Processes, and Surface Technologies, targeting growth in aerospace, automotive, energy, and industrial markets.
YTD Price Performance: 4.42%
Average Trading Volume: 277,255
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £1.19B
For detailed information about BOY stock, go to TipRanks’ Stock Analysis page.