Coats Group PLC

Coats Group PLC reported first-half 2026 revenue of $837 million, up 1% on an organic constant exchange rate basis, while earnings per share fell 6% to $0.04. EBIT declined 2% organically to $166 million, yielding a 19.8% margin that included a 40 basis point benefit from the Ortholite acquisition. The Apparel division posted $486 million in revenue with an 18.9% EBIT margin, down 50 basis points, and the Footwear division contributed $351 million with a 21.1% margin, up 30 basis points. Free cash flow reached $30 million pre-dividends, net debt stood at $842 million with leverage of 2.3 times, and the company raised its interim dividend 5% to $1.05. Management cited share gains, cost actions, and $15 million in cost synergies as drivers for expected second-half profit growth despite ongoing macroeconomic headwinds.