Smiths Group posts solid fiscal 2026 results, raising its fiscal 2027 outlook to 4% organic revenue growth while aggressively returning capital to shareholders through ongoing share buybacks.
Smiths Group reported organic revenue growth and margin expansion, completed major divestitures, and guided to fiscal 2027 organic revenue growth of ~4% and operating margin of ~21%, ahead of prior expectations.
Smiths Group reported fiscal 2026 organic revenue growth of 1.2% and a headline operating margin of 20.6%, bolstered by successful divestitures and strategic acquisitions. The company is now focused on its John Crane and Flex-Tek divisions, guiding for 4% organic revenue growth in fiscal 2027 as it accelerates its path toward a 21-23% medium-term margin target.
Following the sale of Smiths Interconnect and Smiths Detection, the company is now focused on its John Crane and Flex-Tek businesses, targeting growth in energy security, aerospace, and data-center thermal management.