Halma PLC (LSE:HLMA) posted a 19th consecutive year of record profit as it announced its chief executive officer is to step down.
The safety, health and environmental-technology group said adjusted pretax profit for the for the full year to March 31, 2022 rose 14% to £316.2mln.
Revenue grew 16% to £1.52bn, with statutory pretax profit increasing 20% to £304.4mln.
"This was a year of notable achievements for Halma, with revenue exceeding £1.5bn and profit £300m for the first time," outgoing chief executive officer Andrew Williams said.
"We delivered our 19th consecutive year of record profit, and our 43rd consecutive year of dividend growth of 5% or more, while substantially increasing strategic investment including further strengthening our leadership, teams and culture to support our future growth.
The group also announced Williams has decided to retire as CEO after 18 years in the role. He will be succeeded by Marc Ronchetti, chief financial officer, who was today appointed as chief executive designate.
Looking at the results, the total dividend increased 7% to18.88p.
EPS jumped 12% to 65.48p, while statutory basic EPS soared 20% to 64.54p.
The company said it enjoyed a "positive start to the new financial year" with a strong order book.
Order intake has exceeded revenue and is in line with very strong intake in the same period of the previous year.
The company expects continued growth in the 2022-23 financial year and a return on sales similar to the second half of 2021-22 financial year, with "good single digit percentage" organic constant currency revenue growth.
Analysts are forecasting growth in revenues, earnings, and dividends for fiscal 2023.
The company completed 13 acquisitions for £164mln, including one completed since the period end for £37mln.
Shares were down 0.23% to 1,985.50p in London in early trades.