MacGregor reported record profitability in the third quarter of 2026 as new orders more than doubled to $340 million (€305.4 million), driven by strong demand across all its divisions.Orders increased 126% from
MacGregor reported record profitability in the third quarter of 2026 as new orders more than doubled to $340 million (€305.4 million), driven by strong demand across all its divisions.
Orders increased 126% from $150 million (€135 million) in the same quarter last year, lifting the company's order book to $1.49 billion (€1.34 billion) at the end of September, compared with $1.11 billion (€998.6 million) a year earlier.
Quarterly revenue rose 1% to $218.7 million (€196.5 million), with sales in the Offshore division increasing, while Services revenue grew 5%.
Adjusted operating profit (EBIT) climbed 27% to $39.9 million (€35.9 million), with the margin improving to 18.3% from 14.5% a year earlier.
The company attributed the improved profitability to cost reductions, better pricing, the repositioning of its Offshore division around profitable core products and a leaner cost base.
For the first nine months of 2026, MacGregor secured $1.01 billion (€908.8 million) in orders, up 52% year-on-year, while revenue reached $705.8 million (€634.1 million) and adjusted EBIT increased 28% to $111.2 million (€99.9 million).
“With the $1.49 billion (€1.3 billion) order book, a growing services platform and markets underpinned by long-term structural drivers, we enter the Q4 2026 with confidence and are well
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