Gooch & Housego
GHH · AIM · Technology · mcap £335m · 1225.0p
Gooch & Housego designs and makes lasers components, optical systems and fibre products used in aerospace and defence, life sciences and industrial markets. It sells mainly to equipment makers, so demand follows their orders and stock levels.
| Date | Type | Announcement | Day |
|---|---|---|---|
| 22 Sep 26 | Update on Conditions and Expected Scheme Timetable
National Security and Investment Act clearance obtained; Court Sanction Hearing scheduled for 14 October 2026; Scheme expected to become Effective on 16 October 2026. |
+0.8% | |
| 02 Sep 26 | Expiration of HSR waiting period
HSR waiting period expired for Arlington Capital Partners acquisition of Gooch & Housego at agreed terms. |
−0.8% | |
| 26 Aug 26 | Results of Court Meeting and General Meeting
Court and General Meetings approved the recommended cash acquisition by Arlington Capital Partners-backed Bidco. |
+0.8% | |
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Court Meeting votes for Scheme 15,179,634 shares (79.17%)Court Meeting votes against Scheme 3,993,383 shares (20.83%)General Meeting votes for implementation 14,716,053 shares (78.64%)General Meeting votes against implementation 3,997,729 shares (21.36%)Total G&H Shares in issue 27,370,726
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| 10 Aug 26 | Statement regarding AGM resolution voting
Board provides statement on AGM voting outcomes and shareholder engagement following opposition to remuneration and pre-emption resolutions. |
−0.4% | |
| 04 Aug 26 | Amended White Form of Proxy for General Meeting
Amended proxy form issued for General Meeting on 26 August 2026 relating to Arlington Capital Partners acquisition. |
+0.0% | |
| 30 Jul 26 | Trading update | Trading Update
Supply-chain constraints delay order conversions and programme deliveries; weaker H1/H2 balance than expected. |
+0.0% |
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below expectations |
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| 30 Jul 26 | Publication and posting of Scheme Document
Scheme document published for recommended cash acquisition by Arlington Capital Partners-backed Bidco; shareholder vote scheduled for 26 August 2026. |
+0.0% | |
| 16 Jul 26 | Offer | Recommended cash acquisition of Gooch & Housego
Greenlight Bidco, backed by Arlington Capital Partners VII, to acquire Gooch & Housego for 1,230 pence per share in cash. |
+39.0% |
|
Cash consideration per share 1,230.0 penceTotal value per share (including interim dividend) 1,234.9 pencePremium to closing price (15 July 2026) 40.7%Equity value on fully diluted basis £345.6 millionEnterprise value £400.5 millionMultiple of adjusted operating profit (12 months to 31 March 2026) 25.9x
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| 03 Jun 26 | Board change | Directorate Change
Serena Lang appointed as Non-Executive Director and Chair Designate; Gary Bullard to step down after transition period. |
−1.9% |
| 02 Jun 26 | Results | Half-year Results
Revenue rose 15.5% to £81.9m; adjusted profit before tax up 13.9% to £5.8m; record order book of £167.3m. |
−15.7% |
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Revenue £81.9m (£70.9m)Adjusted profit before tax £5.8m (£5.1m)Adjusted basic earnings per share 16.4p (15.0p)Order book £167.3m (£142.4m)Aerospace & Defence revenue £35.6m (£23.5m)Net debt excluding IFRS 16 £36.6m (£24.1m)
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| 20 May 26 | Notice of Half Year Results
Half year results for six months ended 31 March 2026 to be announced on 2 June 2026. |
+4.7% | |
| 09 Apr 26 | Trading update | Half Year Trading Update
H1 2026 revenue rose 9.1% to £81.9m; order book increased 16.5% to £167.3m; trading in line with expectations. |
+6.6% |
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in line expectations Revenue H1 2026 £81.9m (£70.8m)Revenue growth (organic, constant currency) 9.1%Order book £167.3m (£142.3m)Order book growth (constant currency) 16.5%Net debt (excl. lease liabilities) £37.0m (£29.9m)Available liquidity £15.7m
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| 27 Feb 26 | Trading update | AGM Trading Update
Order book grew to £168.3m from £142.3m; improved industrial demand and resolved supply chain issues support full year outlook. |
+11.1% |
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Order book £168.3m (£142.3m)Net debt (excluding lease liabilities) £28.0m (£29.9m)
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| 02 Feb 26 | Board change | Chief Financial Officer appointment date
James Corte to join as Chief Financial Officer and Executive Director on 9 April 2026. |
+7.7% |
| 12 Jan 26 | Director dealing | PDMR notice
CEO and Company Secretary sold shares at 614p to settle tax liabilities from vesting awards. |
+0.6% |
| 09 Jan 26 | Director dealing | PDMR Notice and Issue of Equity
Company issued 171,216 new ordinary shares following vesting of long-term incentive plan awards. |
+0.3% |
| 12 Dec 25 | Board change | Appointment of Chief Financial Officer
James Corte appointed Chief Financial Officer and Executive Director, joining from Czech energy group EPH. |
+0.0% |
| 02 Dec 25 | Results | Results for the year ended 30 September 2025
Revenue up 10.7% to £150.5m; adjusted operating profit up 37.3% to £14.4m; order book up 36.2% to £142.4m. |
+12.5% |
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Revenue £150.5m (£136.0m)Adjusted operating profit £14.4m (£10.5m)Adjusted profit before tax £11.9m (£8.1m)Adjusted basic earnings per share 35.4p (25.5p)Order book £142.4m (£104.5m)Total dividend per share 13.2p (13.2p)
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| 25 Nov 25 | Notification of Full Year Results
Full year results for year ended 30 September 2025 to be announced on 2 December 2025. |
+3.3% | |
| 04 Nov 25 | Directorate Update
Non-executive Chairman Gary Bullard appointed non-executive Chairman of Oxford Metrics, plans to step down from G&H board before February 2027. |
−1.7% | |
| 08 Oct 25 | Further Issue of Shares and TVR
Company issued 84,477 new shares as final consideration payment for Global Photonics acquisition. |
−1.0% | |
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New ordinary shares issued 84,477Share nominal value 20 penceTotal issued share capital post-issuance 27,199,510 Ordinary SharesTotal voting rights 27,199,510
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| 07 Oct 25 | Trading update | Full Year Trading Update
FY25 revenues and adjusted PBT broadly in line with expectations; order book grew to £142.3m; two acquisitions integrated on plan. |
−3.0% |
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in line expectations Order book £142.3m (£104.5m)Net bank debt (excl. IFRS 16) £30.0m (£16.0m)Order book for FY26 delivery over 80%
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| 21 Jul 25 | Board change | Chief Financial Officer Transition
CFO Chris Jewell to step down on 30 September 2025; Martin Hopcroft appointed Interim CFO from 28 July. |
−3.5% |
|
CFO departure date 30 September 2025Interim CFO start date 28 July 2025FY2025 revenue cover over 95%CFO tenure 6 years (since 2019)
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| 18 Jun 25 | Completion of Acquisition & Total Voting Rights
Completed acquisition of U.S.-based Global Photonics; issued 1,328,636 shares representing 4.9% of enlarged capital. |
−0.3% | |
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New ordinary shares issued 1,328,636New shares as % of enlarged capital 4.9%Total voting rights post-issue 27,115,033Further shares to be issued 84,477 (on or around 8 October 2025)
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| 03 Jun 25 | Results | Half-year Results
Revenue grew 11.4% to £70.9m with adjusted profit up 91% to £5.1m in H1 2025. |
+1.2% |
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Revenue £70.9m (£63.6m)Adjusted profit before tax £5.1m (£2.6m)Adjusted basic EPS 15.0p (8.3p)Order book £121.5m (£104.5m)Net debt excluding IFRS 16 £24.1m (£22.2m)Leverage 1.3x
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| 20 May 25 | Notification of Half Year Results
Half year results for six months ended 31 March 2025 to be announced on 3 June 2025. |
+5.9% | |
| 14 May 25 | Acquisition of Global Photonics
Gooch & Housego acquires U.S.-based Global Photonics for $17.5 million to expand optical systems presence in North America. |
+7.0% | |
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Total consideration $17.5 millionCash consideration $8.75 millionShare consideration $8.75 millionGlobal Photonics revenue (FY2024) c.$11.1 millionGlobal Photonics adjusted EBITDA (FY2024) c.$1.8 millionGlobal Photonics gross assets (Dec 2024) c.$4.1 million
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| 08 Apr 25 | Trading update | Half Year Trading Update
Half-year revenue £70.8m, up 7.5% organically; order book increased to £121.5m with strong aerospace and defence demand. |
+7.8% |
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in line expectations Revenue (6m) £70.8m (£63.6m)Order book £121.5m (£104.5m)Net debt (ex lease) £24.1m (£16.0m)Available liquidity $31.6m
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| 24 Feb 25 | Trading update | AGM Trading Update
Order book grew to £126.4m from £104.5m; Phoenix integration on track; expecting improved FY2025 performance. |
+6.3% |
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Order book £126.4m (£104.5m)Net bank debt £19.2m (£16.0m)Lease liabilities £10.2m (£9.9m)
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| 03 Dec 24 | Results | Results for the year ended 30 September 2024
FY2024 revenue flat at £136.0m, adjusted profit down 21.6% to £8.1m; H2 showed recovery momentum. |
+5.7% |
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Revenue £136.0m (£135.0m)Adjusted profit before tax £8.1m (£10.3m)Adjusted basic earnings per share 25.5p (33.9p)Net debt £25.8m (£31.7m)Order book £104.5m (£115.3m)Total dividend per share 13.2p (13.0p)
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| 26 Nov 24 | Presentation via Investor Meet Company
Management to present full year results for year ended 30 September 2024 via Investor Meet Company. |
+3.7% | |
| 04 Nov 24 | Notification of Full Year Results
Company to announce full year results for year ended 30 September 2024 on 3 December 2024. |
+1.7% | |
| 30 Oct 24 | Acquisition of Phoenix Optical
Acquired UK-based Phoenix Optical for up to £6.75m to expand Aerospace & Defence precision optics capabilities. |
+8.2% | |
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Total consideration up to £6.75mInitial cash consideration £3.4mDeferred contingent consideration up to £3.35mPhoenix revenue (FY24) c.£6.6mPhoenix EBITDA (FY24) c.£0.4mPhoenix gross assets (June 2024) c.£4.4m
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| 08 Oct 24 | Trading update | Full Year Trading Update
Second half trading improved as expected; full year revenue and adjusted pre-tax profit in line with expectations. |
+10.7% |
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in line expectations Order book £104.5m (£115.3m)Net debt reduction (second half) $3.9mOrder book decline (organic constant currency) -5%
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| 15 Aug 24 | Trading update | Trading Update
FY2024 revenue delayed due to supplier and customer delivery delays; adjusted PBT reduced by c.£1.5m from expectations. |
−3.4% |
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below expectations Order book £116.8m (£115.8m)Bank borrowings £18.0m (£22.2m)Total net debt £25.5m (£30.4m)Expected reduction in adjusted PBT c.£1.5m
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| 04 Jun 24 | Results | Half-year Results
H1 2024 revenue declined 1.4% to £63.6m due to customer destocking; EM4 divested and order book strong. |
−5.9% |
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Revenue (continuing operations) £63.6m (£64.5m)Adjusted profit before tax £2.6m (£4.7m)Adjusted basic earnings per share 8.3p (15.1p)Order book £115.8m (£115.3m)Net debt excluding IFRS 16 £22.2m (£12.9m)Interim dividend per share 4.9p (4.8p)
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| 31 May 24 | Board change | Directorate Change
Non-Executive Director Brian Phillipson to retire 30 September 2024 after nine years; Louise Evans appointed Senior Independent Director. |
−2.8% |
| 13 May 24 | Notification of Half Year Results
Half year results for six months ended 31 March 2024 to be announced on 4 June 2024. |
+0.0% | |
| 04 Apr 24 | Trading update | Half Year Trading Update
H1 revenue £67.5m down from £71.3m prior year due to customer inventory normalisation, order book £115.8m. |
+4.7% |
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in line expectations Revenue (H1 FY2024) £67.5m (£71.3m)Order book £115.8m (£124.4m)Net debt £32m (£31.7m (Sept 2023))Available debt facilities $35.7mOrder book organic constant currency growth +3.6% YoY
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| 18 Mar 24 | Divestment of EM4
Sold EM4 subsidiary to US technology company for up to $12.0m to reduce debt and focus on optical systems. |
+3.6% | |
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Total consideration up to $12.0m (£9.4m)Initial consideration $5.25m (£4.1m)Deferred consideration up to $6.75m (£5.3m)EM4 FY2023 revenue £13.4mNon-underlying charge circa £8.0mBook value of gross assets £12.4m
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| 21 Feb 24 | Trading update | AGM Trading Update
Order book grew to £128.5m but near-term profit guidance cut by £3m due to customer destocking and US defence programme deferrals. |
−16.4% |
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below expectations Order book £128.5m (£124.1m)Net debt £30.5m (£31.7m)Adjusted PBT guidance reduction circa £3m below expectations
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| 12 Jan 24 | Results | Annual Report and Notice of AGM
Posted Annual Report for year ended 30 September 2023 and Notice of AGM scheduled for 21 February 2024. |
+1.3% |
| 05 Dec 23 | Results | Results for the year ended 30 September 2023
Revenue up 19% to £148.5m, adjusted operating profit up 28% to £11.3m for year ended 30 September 2023. |
+5.9% |
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Revenue £148.5m (£124.8m)Adjusted operating profit £11.3m (£8.9m)Adjusted profit before tax £9.6m (£8.1m)Adjusted basic earnings per share 31.3p (27.2p)Total dividend per share 13.0p (12.6p)Order book £124.1m (£147.7m)
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| 08 Nov 23 | Notification of Full Year Results
Full year results for year ended 30 September 2023 to be announced on 5 December 2023. |
+0.4% | |
| 03 Oct 23 | Trading update | Full Year Trading Update
Full year revenues marginally exceeded expectations with strong H2 trading; adjusted pre-tax profit forecast above market expectations. |
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marginally ahead on revenues; adjusted pre-tax profit and net debt both above market expectations expectations Order book £124.9m (£124.4m)Order book £124.9m (£147.7m (prior year))Net debt reduction $5.5mOrder book for FY2024 delivery ~75%
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Company filings. Not investment advice.