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Smiths Group Cuts FY26 Outlook on Mideast Conflict

Smiths Group revises FY26 organic revenue growth forecast to ~2% due to Middle East conflict impact.

Sophia Anderson
BySophia Anderson- Senior Editor
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0
Smiths Group Cuts FY26 Outlook on Mideast Conflict
Photo: Prepared by Bond.az

Smiths Group Plc (LON:SMIN) cut its full-year organic revenue growth forecast to approximately 2% from a prior range of 3% to 4% for FY26, after a £10 million impact from the Middle East conflict weighed on third-quarter performance.

The revised guidance misses analyst consensus of 2.8%. Jefferies had forecast 1.8%.

For the third quarter, organic revenue growth for continuing operations (John Crane and Flex-Tek) was flat year-on-year.

CEO Roland Carter said: "While this moderates near-term growth, it is set against increasing global demand for energy security. We are well positioned to support our customers."

John Crane posted 2.8% organic revenue growth in the quarter. Flex-Tek saw a 3.9% decline.

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