Smiths Group Launches Process To Divest John Crane US Legacy Asbestos Liability

By Reuters News

Sept 22 (Reuters) - Smiths Group PLC SMIN.L:

  • SMITHS GROUP PLC - SMITHS GROUP PLC FY26 RESULTS STATEMENT

  • SMITHS GROUP FY OPERATING MARGIN 20.6%

  • SMITHS GROUP FY REVENUE GBP 1,937 MILLION VS. IBES ESTIMATE GBP 1,921 MILLION

  • SMITHS GROUP FY OPERATING PROFIT GBP 399 MILLION

  • SMITHS GROUP FY DIVIDEND GBP 0.485

  • SMITHS GROUP - TARGETS MEDIUM-TERM ORGANIC REVENUE GROWTH OF 5-7% AND OPERATING PROFIT MARGIN OF 21-23%

  • SMITHS GROUP - DIVESTS SMITHS INTERCONNECT AND SMITHS DETECTION FOR COMBINED EV OF £3.30 BLN

  • SMITHS GROUP - LAUNCHES PROCESS TO DIVEST JOHN CRANE US LEGACY ASBESTOS LIABILITY

  • SMITHS GROUP - GUIDES FOR FY2027 ORGANIC REVENUE GROWTH OF ~4% AND HEADLINE OPERATING PROFIT MARGIN OF ~21%

  • SMITHS GROUP - AS WE ENTER FY2027, UNDERLYING MARKET CONDITIONS REMAIN CHALLENGING

  • SMITHS GROUP: GROWTH IN JOHN CRANE WAS NEGATIVELY IMPACTED BY ABOUT £20M IN FY26 DUE TO CONFLICT IN MIDDLE EAST

  • SMITHS GROUP: JOHN CRANE EXPECTED TO SEE GROWTH WEIGHTED TO H2, OUTLOOK ASSUMES CONTINUED DISRUPTION IN H1 IN MIDDLE EAST WITH GROWTH IN OTHER REGIONS

Further company coverage: SMIN.L

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