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.
