Industrial Engineering
Hill & Smith supplies engineered products that protect and support infrastructure and the built environment. Its businesses manufacture road-safety barriers, utility products, structural steel, galvanised products and specialist infrastructure equipment.
Road and traffic-safety products, engineered infrastructure components, utility and power products, structural supports, galvanising and products for data centres and other critical infrastructure.
The United States has become the dominant profit market, alongside operations in the UK and India. End markets include roads, utilities, power, data centres and industrial infrastructure.
US infrastructure spending, data-centre construction, utility investment, acquisitions, pricing, operating margins and continued expansion in higher-growth North American markets.
Construction and infrastructure slowdowns, steel and labour costs, acquisition integration, project timing, weaker UK activity, currency movements and dependence on sustained US investment.
18 June 2026: Hill & Smith switched its reporting currency to US dollars, reflecting that 63% of 2025 revenue and 79% of operating profit came from the US. The change underlines the group's increasing exposure to American infrastructure markets.
Pays interim and final dividends. The 2025 final dividend was 35.0p, went ex-dividend on 28 May 2026 and was paid on 3 July, taking the 2025 total to 53.0p. From the 2026 interim onward dividends will be declared in US dollars.
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