Compagnie De Saint-gobain S.a Stock Earnings Reports

Saint-Gobain reported a strong 2025 with sales up 2.1% in local currencies, EBITDA margin stable at 15.5% and recurring net income of EUR 3.3 billion. Free cash flow was EUR 3.8 billion with a 58% cash conversion ratio; the Board proposed a EUR 2.30 dividend per share and the company returned EUR 1.5 billion to shareholders via dividends and buybacks in 2025. Regional performance was mixed: Europe recovered in H2 (with France improving late in the year), North America outperformed but faced severe weather-related volume weakness into Q1 2026 (notably in roofing), Latin America and Asia Pacific delivered strong growth (Asia +17% L.C.), and construction chemicals achieved ~16% sales growth in L.C. following acquisitions (Cemix, FOSROC) with combined strong margins. Management flagged negative FX (approx. -3% headwind on sales into Q1 2026), expects a positive price/cost spread to continue, and reiterated disciplined capital allocation: ~4.5% CapEx of sales, M&A focused on high‑growth markets, EUR ~8 billion planned shareholder returns 2026–2030 (buybacks ~EUR 2bn, dividends ~EUR 6bn). They launched the new strategic plan 'Lead & Grow' to deepen solutions, expand into nonresidential and infrastructure, and rotate the portfolio (target >20% sales rotated by 2030). 2026 guidance: EBITDA margin >15% (with H1 expected weaker due to weather and associated seasonality), energy and raw material inflation expected broadly stable to slightly positive, and continued focus on margin, cash and portfolio rotation.