Brief: Smiths Group Launches Process To Divest John Crane US Legacy Asbestos Liability
BRIEF-Smiths Group Launches Process To Divest John Crane US Legacy Asbestos Liability 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
Source text: ID:nRSV6627Va
Further company coverage: SMIN.L