Bodycote Group (LSE:BOY), a provider of engineering heat treatment services, said in a trading update that it boosted sales by 6% to £677 million for the 10 months to October.
After improving margins and cashflow over the period in line with expectations, the company reiterated its guidance for the full year.
Bodycote achieved the lift in sales, excluding surcharges, due to robust growth in aerospace, defence and specialist technologies.
These industries did better overall for its business than the automotive and general industrial markets.
Analysts at Jefferies International recommend buying the stock, as they said they believe the company has a resilient business model, a favourable valuation, and a positive outlook for future growth.
Bodycote’s share price fell by 1.14% to 586.73p by late morning on Wednesday.