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Oct 22 2020, 08:15 IST/BST
Travis Perkins (TPK) has announced a 3.9% year-on-year (yoy) increase in underlying revenues in Q3 which includes organic growth of 8% yoy in September. The update underlines the extent to which trading has recovered and confirms this has been led by the RMI sector, with new housing and commercial slower to pick up. Full year guidance suggests trading profit of £240-260m with the current company consensus at £239m. Hence there should be a positive revision to estimates and this will help sentiment towards the stock (and peers).