Bunzl (LON:BNZL) Posts Quarterly Earnings Results

Bunzl (LON:BNZL) released its earnings results on Monday. The company reported GBX 179.30 EPS for the quarter, Digital Look Earnings reports. Bunzl had a return on equity of 16.82% and a net margin of 4.20%.

Here are the key takeaways from Bunzl’s conference call:

• Operational disruption in North America Distribution from a sales-and-operations reorganisation and weak end markets drove a meaningful drop in adjusted operating profit (around 4% decline at constant exchange rates) and a fall in operating margin to 7.6% (ex-share-credit), although margin deterioration moderated in H2.
• Decisive actions—including leadership changes and returning pricing/inventory control to local teams—restored service levels and agility, helping the group return to underlying revenue growth in H2 and win more than $100m of new business in Q4.
• Bunzl remains highly cash generative with £579m of free cash flow, adjusted net debt/EBITDA around 2.0x, a completed £200m buyback and almost £450m returned to shareholders while maintaining a progressive dividend policy.
• The company has an extensive M&A pipeline (> 1,300 potential targets), completed eight smaller acquisitions in 2025 (≈£132m) and expects bolt-on deals to provide significant upside, while reiterating 2026 guidance for moderate revenue growth and a more stable adjusted operating profit.

Bunzl Stock Up 1.6%

Shares of LON BNZL opened at GBX 2,194 on Monday. The stock has a market capitalization of £7.07 billion, a PE ratio of 15.09, a price-to-earnings-growth ratio of 5.40 and a beta of 0.45. The company has a current ratio of 1.15, a quick ratio of 0.73 and a debt-to-equity ratio of 123.00. Bunzl has a 12-month low of GBX 1,981 and a 12-month high of GBX 3,368.10. The stock’s fifty day simple moving average is GBX 2,089.40 and its two-hundred day simple moving average is GBX 2,246.76.

Analyst Ratings Changes

Separately, Royal Bank Of Canada restated a “sector perform” rating and set a GBX 2,350 price objective on shares of Bunzl in a research report on Wednesday, November 12th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of GBX 2,372.50.

About Bunzl

Bunzl plc operates as a distribution and services company in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. The company offers food packaging, films, labels, cleaning and hygiene supplies, and personal protection equipment to grocery stores, supermarkets, and convenience stores. It also provides food packaging, disposable tableware, guest amenities, catering equipment, agricultural supplies, cleaning and hygiene products, and safety items to hotels, restaurants, contract caterers, food processors, commercial growers, and the leisure sector; and gloves, boots, hard hats, ear and eye protection, and other workwear, as well as cleaning and hygiene supplies, and asset protection products to industrial and construction, and ecommerce sectors.