Rolls-Royce Stock Soars, Adding to Engine Maker's Rally -- WSJ

Dow Jones02-27

By Benjamin Katz

Shares of Rolls-Royce are taking off.

The engine maker's stock soared 18% after the British company said it would hit its medium-term cash and profit targets two years ahead of schedule, helped by strong demand for travel. It also said it would pay a dividend for the first time since the pandemic, and announced its first share-buyback program in a decade.

Thursday's rally adds to a stunning turnaround of the company, which makes engines for Boeing and Airbus jets. (It is no longer affiliated with the luxury carmaker of the same name.)

When Chief Executive Tufan Erginbilgic took the helm of the beleaguered group on Jan. 1, 2023, he told employees that his planned overhaul represented Rolls-Royce's "last chance" to save itself from being broken up or taken over.

The London-listed company has since trimmed staff, sold and cut unprofitable businesses, and renegotiated long-term contracts with aircraft manufacturers and airlines.

Investors have taken note, with the stock recording a more-than-sevenfold increase during Erginbilgic's tenure.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

February 27, 2025 05:44 ET (10:44 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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It also said it would pay a dividend for the first time since the pandemic, and announced its first share-buyback program in a decade. \n</p>\n<p>\n     Thursday's rally adds to a stunning turnaround of the company, which makes engines for Boeing and Airbus jets. (It is no longer affiliated with the luxury carmaker of the same name.) \n</p>\n<p>\n     When Chief Executive Tufan Erginbilgic took the helm of the beleaguered group on Jan. 1, 2023, he told employees that his planned overhaul represented Rolls-Royce's \"last chance\" to save itself from being broken up or taken over. \n</p>\n<p>\n     The London-listed company has since trimmed staff, sold and cut unprofitable businesses, and renegotiated long-term contracts with aircraft manufacturers and airlines. \n</p>\n<p>\n     Investors have taken note, with the stock recording a more-than-sevenfold increase during Erginbilgic's tenure. \n</p>\n<p>\n       This item is part of a Wall Street Journal live coverage event. 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It also said it would pay a dividend for the first time since the pandemic, and announced its first share-buyback program in a decade. \n\n\n     Thursday's rally adds to a stunning turnaround of the company, which makes engines for Boeing and Airbus jets. (It is no longer affiliated with the luxury carmaker of the same name.) \n\n\n     When Chief Executive Tufan Erginbilgic took the helm of the beleaguered group on Jan. 1, 2023, he told employees that his planned overhaul represented Rolls-Royce's \"last chance\" to save itself from being broken up or taken over. \n\n\n     The London-listed company has since trimmed staff, sold and cut unprofitable businesses, and renegotiated long-term contracts with aircraft manufacturers and airlines. \n\n\n     Investors have taken note, with the stock recording a more-than-sevenfold increase during Erginbilgic's tenure. \n\n\n       This item is part of a Wall Street Journal live coverage event. 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