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Avon Tech holds guidance on strong demand despite slower Q1 in US
(Sharecast News) - Military and civil helmet and respirator maker Avon Technologies said it was on track to meet or exceed its 2026 financial targets led by a record start to the year at its protection unit driven by sustained demand and sales pipeline. Its US-based Team Wendy protective helmet unit maintained a strong order book but saw a slower first quarter as the government shutdown delayed product testing and deliveries, which contributed to lower-than-expected Department of Defence and federal revenue in the first quarter.
"Assuming no further extended government shutdowns, we expect these impacts to be temporary, with higher revenue, unwind of higher inventories and improved operational gearing expected over the remainder of the year," Avon said in a trading update ahead of its annual general meeting.
Reporting by Frank Prenesti for Sharecast.com
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