Earnings call transcript: Kier Group Q1 2026 sees stock dip despite strong infrastructure growth

Kier Group’s first half of fiscal year 2026 showcased robust growth in its infrastructure services, which saw a 4.9% increase in revenue. However, the company’s stock fell by 2.74% following the earnings call, reflecting investor concerns over certain financial metrics. The company achieved a net cash position for the first time in over a decade, but a decline in construction revenue and modest free cash flow outflow may have tempered market enthusiasm. According to InvestingPro