Johnson Matthey PLC (JMAT) reported earnings for the second half of fiscal 2026, highlighting significant operational improvements and restructuring. Despite these gains, the stock dipped 0.55% to $29.09, giving a market cap of $4.86 billion.
Clean Air margins improved to 14.5%. Hydrogen Technologies achieved run-rate breakeven in Q4. PGM Services faced a $48 million operational metal loss.
The company increased capital expenditure guidance for the new PGM refinery to GBP 230 million. CapEx is expected to normalize to GBP 120 million in 2027/2028.
Johnson Matthey announced the acquisition of Cormetech for $360 million, a market leader in stationary emission control for data centers.
