Aurubis AG reported mixed results for Q2 of fiscal 2025/2026. Earnings per share (EPS) came in at $2.15, missing the forecast of $2.32 by 7.33%. This led to a 4.06% drop in the company's stock price, which closed at $195.3.
Revenue also fell short of expectations at $6.04 billion versus a forecast of $6.51 billion. Despite this, Aurubis saw a 15% increase in operating earnings before taxes (EBT) from the previous quarter, driven by higher earnings from recycling materials and copper product sales.
Management expressed confidence in its strategic direction and raised its guidance for fiscal 2025/2026, now expecting operating EBT between EUR 425 million and EUR 525 million. Aurubis shares have delivered a 174% return over the past year and trade near their 52-week high.
During the earnings call, analysts questioned the company's ability to meet revenue targets and manage rising costs. Executives emphasized long-term growth potential. The Richmond plant faced delays due to technical challenges, but other strategic projects are progressing.
