Smiths Group Outlook Is Slightly Lighter Than Expected -- Market Talk
Dow Jones03-20 17:09
0909 GMT - Smiths Group issues a slightly light outlook, RBC Capital Markets' Mark Fielding writes. To account for the sale of Smiths Detection, the U.K. engineering company now expects organic revenue growth of 3% to 4% over the full year. This compares with expectations of 4.2% growth, he says. Its headline operating margin is forecast at 20%, which is just below the 20.7% RBC expected, he adds. Organic growth for the first half of the fiscal year was also slightly lower than expected, he says. Shares fall 5.7% to 22.16 pounds. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
March 20, 2026 05:09 ET (09:09 GMT)
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