Weir Group on Wednesday reiterated its full-year guidance for 2025, citing positive activity in its core mining markets despite some industry challenges.
The engineering company said it still expects growth in constant currency revenue and operating profit, with an operating margin of around 20%.
For the third quarter, total orders rose 2% on a constant currency basis, driven by a 10% increase in aftermarket orders which were boosted by recent acquisitions, the company reported.
Orders for original equipment fell 21% compared to a strong prior-year period that included two large projects worth a combined 48 million British Pounds.
Excluding those projects, orders for new equipment grew 15%, which the company attributed to healthy demand for brownfield expansion and debottlenecking projects.
Weir has recently focused on strategic acquisitions, completing the purchase of U.S.-based Townley in August and announcing an agreement to buy software provider Fast2Mine.
"Looking forward to the fourth quarter, despite a number of challenges facing the mining industry, not least continued uncertainty on the outcome of tariff negotiations, we remain focused on disciplined execution against our strong orderbook," Chief Executive Officer Jon Stanton said.
The company said it continues to monitor potential impacts from trade disputes on global supply chains.