Hercules Site Services Plc ( (GB:HERC) ) just unveiled an update.
Hercules Site Services plc has announced the successful sale of its Suction Excavator business to SNC Holdings (NW) Limited for £2.4 million, significantly reducing its debt and enabling the company to focus on its core Labour Supply business. This strategic move is expected to enhance free cash flow, support an acquisition strategy, and lead to improved earnings per share and profit before tax, thereby strengthening Hercules’ position as a trusted supplier in the UK infrastructure and construction sectors.
More about Hercules Site Services Plc
Hercules Site Services plc is a technology-enabled labour supply group that caters primarily to the UK infrastructure and construction sectors. It focuses on providing skilled operatives for projects across several industries, including nuclear, power and energy distribution, aviation, water, and rail.
YTD Price Performance: 29.11%
Average Trading Volume: 38,592
Technical Sentiment Consensus Rating: Sell
For detailed information about HERC stock, go to TipRanks’ Stock Analysis page.