A fundamentally strong business
Smiths is a FTSE 100 company with a balanced portfolio of market-leading, industrial technology businesses. Our businesses have leading positions in critical markets, and deliver superior customer service through our global capabilities and sustained investment in R&D.
All of this supported by a robust financial framework with high proportion of recurring revenues through our aftermarket offering, and high and resilient margins.
Supporting a premium rating for Smiths
- In January 2025, we announced we will focus our business on high performance products in flow control and thermal solutions.
- We have completed the sale of Smiths Interconnect to Molex Electronic Technologies Holdings.
- We have completed the sale of Smiths Detection to funds advised by CVC Capital Partners.
- Enabling enhanced returns to shareholders
Smiths: A focused industrial engineering company
- Specialising in high-performance products in flow control and thermal solutions
- Positioned in attractive, growing markets supported by global megatrends
- Supplying leading products, services and solutions
- Underpinned by common capabilities with clear value creation potential
- Well-positioned to continue delivering value and returns for stakeholders
Significant potential for growth and value creation
We are focusing Smiths as a premium industrial engineering company specialising in flow management and thermal solutions.
Enhanced medium term targets - reflecting further growth and higher return potential
A strong performance in FY2025
Organic revenue growth
Headline operating profit margin (+60bps)
ROCE (+170bps)
Headline EPS growth
Headline operating cash conversion (+2pps)
Cool thinking solves hot climate challenge
Read our latest #EngineeringExplained exploring the Earth-critical revolution of Heating, Ventilation and Air Conditioning.
Putting the "plus" into performance
Read our latest #Engineering Explained piece on John Crane's Performance Plus: A modular service framework that enables them to partner with customers to improve long term performance across their assets.
Total shareholder return
