Smiths Group (SMIN)

Sector:

Manufacturing

Index:

FTSE 100

1,651.00p
   
  • Change Today:
    -2.50p
  • 52 Week High: 1,766.50p
  • 52 Week Low: 1,526.00p
  • Currency: UK Pounds
  • Shares Issued: 347.51m
  • Volume: 19,042
  • Market Cap: £5,738m
  • RiskGrade: 127

Smiths Group delivers fourth-straight quarter of organic revenue growth

By Iain Gilbert

Date: Thursday 19 May 2022

LONDON (ShareCast) - (Sharecast News) - Engineering company Smiths Group reported its fourth consecutive quarter of organic revenue growth on Thursday, leading the firm to maintain its full-year guidance of 3% organic revenue growth.
Smiths, which said organic revenues were up 4.2% year-to-date, stated its solid third-quarter performance comes amid ongoing sales momentum, with three divisions in growth.

However, the FTSE 100-listed group did acknowledge potential impacts to further growth stemming from ongoing macroeconomic uncertainty, supply chain challenges, and an upcoming stronger comparator in the fourth quarter.

Smiths added that its £742.0m share buyback programme was on track and said it had now returned roughly £310.0m. At the current run-rate and share price, the programme was expected to complete in early 2023.

Chief executive Paul Keel said: "We delivered our fourth consecutive quarter of growth, demonstrating further progress against our strategy, towards our medium-term target of 4-6% organic revenue growth. As we enter the final quarter of FY2022, macro uncertainty remains high and supply chain and inflationary challenges continue. We are leveraging the Smiths Excellence System to help manage these headwinds, and confirm our full-year organic revenue growth guidance of 3%."



Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Smiths Group Market Data

Currency UK Pounds
Share Price 1,651.00p
Change Today -2.50p
% Change -0.15 %
52 Week High 1,766.50p
52 Week Low 1,526.00p
Volume 19,042
Shares Issued 347.51m
Market Cap £5,738m
RiskGrade 127

Smiths Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
90.85% below the market average90.85% below the market average90.85% below the market average90.85% below the market average90.85% below the market average
71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average
Price Trend Not Available
Income
39.14% below the market average39.14% below the market average39.14% below the market average39.14% below the market average39.14% below the market average
45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average
Growth
66.81% above the market average66.81% above the market average66.81% above the market average66.81% above the market average66.81% above the market average
85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average

What The Brokers Say

Strong Buy 4
Buy 6
Neutral 2
Sell 1
Strong Sell 0
Total 13
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Smiths Group Dividends

  Latest Previous
  Interim Final
Ex-Div 04-Apr-24 19-Oct-23
Paid 13-May-24 24-Nov-23
Amount 13.55p 28.70p

Trades for 28-Mar-2024

Time Volume / Share Price
09:41 45 @ 1,651.00p
09:41 166 @ 1,651.00p
09:41 58 @ 1,651.00p
09:41 28 @ 1,651.50p
09:40 56 @ 1,651.50p

Smiths Group Key Personnel

CFO Clare Scherrer

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