IHS Shares Climb With Raised FY Guidance

Dow Jones11-13

By Emon Reiser

Shares of IHS were on the rise after the telecom tower company raised its revenue guidance for the full year, supported by favorable currency conditions in Nigeria, its largest market.

The stock rose 4% to $7.00 in Wednesday trading. Shares have more than doubled year to date.

London-based IHS raised its views on full-year revenue to a range of $1.72 billion to $1.75 billion, up from previous guidance of between $1.70 billion to $1.73 billion.

The company said it now anticipates 600 build-to-suit tower sites, including 400 in Brazil, where it recently announced an expanded partnership to develop up to 3,000 new sites. IHS previously guided for 500 sites.

IHS expects 10% in organic revenue growth for the full fiscal year, driven by strong year-to-date constant currency growth and a modestly lower contribution from foreign exchange resets. The company previously guided for 11%.

Chief Executive Sam Darwish said the operating environment is providing the company with a tailwind, particularly from favorable foreign exchange movements.

"In Nigeria, carrier tariff hikes and a strengthening naira are underpinning our growth story with robust demand across our footprint," Darwish said on a call with analysts. "We're set for sustained growth and strong returns."

IHS reported an 8.3% increase in revenue for the quarter ended Sept. 30, to $455.1 million, above the $424.1 million analysts polled by FactSet expected.

The company swung to a third-quarter profit of $147.4 million, or 44 cents a share, compared with a loss of $205.7 million, or 61 cents a share in the year-ago quarter. Analysts expected 10 cents a share.

Write to Emon Reiser at emon.reiser@wsj.com

(END) Dow Jones Newswires

November 12, 2025 13:00 ET (18:00 GMT)

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IHS Shares Climb With Raised FY Guidance

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