The earnings call reflects a strong financial performance with consecutive years of organic growth and increased shareholder returns. While there are challenges such as the cyber incident's impact on John Crane and a subdued U.S. construction market, the positive growth in Smiths Detection and Smiths Interconnect, along with operational improvements and strategic plans, provide a robust outlook.

Company Guidance

In the recent call, Smiths Group exceeded its fiscal year 2025 guidance, achieving an organic revenue growth of 8.9%, surpassing the expected 6% to 8% range. They expanded operating profit margins by 60 basis points to 17.4%, at the top end of the 40 to 60 basis points guidance. The company also marked a 5.1% increase in dividends, continuing a 74-year streak of dividend payments. Smiths executed three accretive acquisitions and progressed the separation of Smiths Interconnect and Smiths Detection, reporting Interconnect as discontinued operations. Looking ahead, the company anticipates 4% to 6% organic revenue growth for fiscal year 2026, with ongoing margin expansion. Earnings per share rose by 14.8%, and the return on capital employed increased by 170 basis points to 18.1%. Smiths also maintained a strong cash conversion rate of 99%, with a free cash flow of GBP 336 million, reflecting their disciplined capital allocation and strategic focus on sustainable growth and shareholder value.

Consistent Organic Revenue Growth

Fiscal year 2025 marks the fourth consecutive year of organic revenue growth, with group organic revenue up 8.9%, surpassing the 6% to 8% guidance.

Expansion of Operating Profit Margins

Operating profit grew 13.1% on an organic basis, with a 60 basis point margin expansion to 17.4%, at the top end of the guidance range.

Strong Return on Capital Employed

Return on capital employed increased by 170 basis points to 18.1%, driven by profit growth and efficient capital allocation.

Significant Shareholder Returns

Smiths returned GBP 460 million to shareholders through dividends and a share buyback program, amounting to GBP 1.7 billion over the past 4 years.

Smiths Detection's Robust Performance

Revenue increased 15.2% organically, with significant growth in aviation and notable contract wins in ports and borders.

Smiths Interconnect's Strong Growth

Reported a 22.5% organic sales increase, driven by strength in semiconductor test business and aerospace and defense revenue.

Smiths Group (SMGZY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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SMGZY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 20, 2026	2026 (Q2)	- / -	0.719	―	―	―
Sep 23, 2025	2025 (Q4)	0.85 / 0.85	0.742	15.09% (+0.11)
Mar 25, 2025	2025 (Q2)	0.69 / 0.72	0.404	77.97% (+0.31)
Sep 24, 2024	2024 (Q4)	0.74 / 0.74	0.626	18.53% (+0.12)
Mar 26, 2024	2024 (Q2)	0.61 / 0.40	0.353	14.45% (+0.05)
Sep 26, 2023	2023 (Q4)	0.65 / 0.63	0.43	45.58% (+0.20)
Mar 24, 2023	2023 (Q2)	0.48 / 0.35	0.384	-8.07% (-0.03)
Sep 23, 2022	2022 (Q4)	0.46 / 0.43	0.561	-23.35% (-0.13)	―	―
Mar 25, 2022	2022 (Q2)	0.49 / 0.38	0.59	-34.92% (-0.21)	―	―
Sep 28, 2021	2021 (Q4)	0.55 / 0.56	0.376	49.20% (+0.19)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SMGZY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Sep 23, 2025	$32.09	$31.08	-3.15%
Mar 25, 2025	$25.61	$25.98	+1.44%
Sep 24, 2024	$23.73	$22.55	-4.97%
Mar 26, 2024	$20.27	$20.68	+2.02%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Smiths Group (SMGZY) report earnings?

Smiths Group (SMGZY) is schdueled to report earning on Mar 20, 2026, TBA (Confirmed).

What is Smiths Group (SMGZY) earnings time?

Smiths Group (SMGZY) earnings time is at Mar 20, 2026, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

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