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
Building on our strong operational and financial performance, we are pursuing a number of strategic actions to unlock significant value and enhance returns to shareholders:
- We are focussing on our world-class John Crane and Flex-Tek businesses.
- We have completed the sale of Smiths Interconnect to Molex Electronic Technologies Holdings.
- In 2025 we entered into an agreement for the sale of Smiths Detection to funds advised by CVC Capital Partners. This is set to complete by the end of calendar year 2026.
- We are returning a large portion of the proceeds to shareholders.
We are focusing Smiths as a premium industrial engineering company specialising in flow management and thermal solutions.
Significant potential for growth and value creation
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)
Total shareholder return