Smiths Group plc·Industrials

Citi has reiterated its buy rating on Smiths Group (LSE:SMIN) following a sell-side breakfast with the engineering company's chief executive and chief financial officer, arguing the market's reaction to last week's earnings was overdone. The bank said the outlook for second-half earnings is considerably more robust than the post-results share price decline implied, and that concerns about the impact of Middle East conflict on the group's John Crane division, which makes components for oil and gas facilities, are unlikely to translate into net negative consequences.

Panmure Gordon kept its 'Buy' rating and 3,110p target price on Smiths Group (LSE:SMIN) after the engineering company paired a mixed first-half result with plans to return a further £1.5 billion to shareholders, a sum the broker said amounts to roughly 30% of its market value over the next 18 months. News of the shareholder payout couldn't cheer investors, however, as the share fell around 9% in Friday's trade.

Smiths Group plc (SMGZY) Q2 2026 Earnings Call Transcript

Shares in Smiths Group (LSE:SMIN) fell 5.9% to 2,222p on Friday after the company reported mixed half-year results and slightly trimmed full-year guidance. The company reported organic revenue growth of 4% for the six months ended 31 January 2026, with headline operating profit up 7.2% to £248 million and margins improving by 50 basis points to 17.2%.

The engineering company said it would return some of the cash from its sale of Smiths Detection via a tender offer or special dividend.

INCHEON, South Korea--(BUSINESS WIRE)--Smiths Detection, a global leader in threat detection and security screening technologies, has enabled the successful launch of an automated International Remote Baggage Screening System (IRBS), setting a new global standard for cross-border aviation security and passenger processing between South Korea and the United States. Driving Global Innovation This achievement is led by Incheon International Airport Corporation (IIAC), which continues to set the gl.
Smiths Group plc operates as a technology company serving the medical technology, security and defense, general industrial, energy, and space and aerospace markets worldwide. It operates through John Crane, Smiths Detection, Flex-Tek, Smiths Interconnect, and Smiths Medical divisions. The John Crane division offers mechanical seals, seal support systems, hydrodynamic bearings, packing materials, power transmission couplings, and specialized filtration systems. The Smiths Detection division provides sensors and systems that detect and identify explosives, narcotics, weapons, chemical agents, biohazards, and contraband. The Flex-Tek division offers engineered components that heat and move fluids and gases for the aerospace, medical, industrial, construction, and domestic appliance markets. The Smiths Interconnect division provides specialized electronic and radio frequency board-level and waveguide devices, connectors, cables, test sockets, and sub-systems for applications in the security and defense, medical, general industrial, and space and aerospace markets. The Smiths Medical division offers infusion systems, vascular access, patient airway, and temperature management equipment products; and specialised devices in areas of diagnostic and emergency patient transport. The company was formerly known as Smiths Industries and changed its name to Smiths Group plc in 2000. Smiths Group plc was founded in 1851 and is headquartered in London, the United Kingdom.
Industrials
Industrial - Machinery
15,750
2010-11-02
0.70