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Smiths Group PLC (SMIN.L)

SMIN.L on London Stock Exchange

1,594.00GBp
12:01pm EDT
Change (% chg)

-7.00 (-0.44%)
Prev Close
1,601.00
Open
1,598.00
Day's High
1,615.00
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1,588.00
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2,046,808
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Latest Key Developments (Source: Significant Developments)

Smiths CFO says none of firm's units up for sale right now
Friday, 24 Mar 2017 05:51am EDT 

Smiths Group Plc Chief Financial Officer Chris O'Shea: Says none of co's divisions are up for sale right now Further company coverage: [SMIN.L] (Bengaluru Newsroom: +91 806 749 1136).  Full Article

Smiths Group says half-year revenue up 18 pct
Friday, 24 Mar 2017 03:00am EDT 

Smiths Group Plc : Smiths group plc - group headline revenue in line on an underlying basis; up 18 pct on a reported basis . Says proposed interim dividend of 13.55 pence per share, up 2.3 pct . For six months to jan 31, group headline operating profit up 8 pct on an underlying1 basis; up 27 pct on a reported basis . Says outlook for 2017 is unchanged . Expect some improvement in smiths medical's revenue performance in second half . Smiths group - performance is expected to be slightly weighted towards h2, albeit with a more balanced split between the h1 and h2 than we saw last year . Smiths group plc - in final stages of securing all necessary regulatory approvals for morpho detection buy, and expect to complete acquisition shortly . Smiths group - anticipate sales growth at smiths detection in the second half, albeit at lower levels than we saw in the first half . "depreciation of sterling is expected to provide a tailwind to reported revenue and operating profit, should current rates prevail." .Smiths group - john crane's first-fit end markets are expected to remain tough, somewhat counterbalanced by continued resilience in aftermarket.  Full Article

Smiths Group launches 10 year 650 mln euro bond offering
Thursday, 16 Feb 2017 10:10am EST 

Smiths Group Plc : Smiths launches 10 year 650 mln euro bond offering . Launch and pricing of a 650 mln euro bond offering, pursuant to company's 2.5 bln euro medium term note programme . Programme for general corporate funding purposes and to repay certain existing debt as it falls due .Notes, priced with a fixed coupon of 2.00 pct, will have a maturity in February 2027 and are expected to close on 23 February 2017.  Full Article

Dunes Point Capital announces the acquisition of Power Distribution from Smiths Group PLC
Friday, 27 Jan 2017 07:00am EST 

Dunes Point Capital LLC: Dunes Point Capital, LLC announces the acquisition of Power Distribution, Inc. from Smiths Group PLC . Debt for transaction, together with an equity co-investment, was provided by certain funds advised by FS investments .DPC Investment Partners, LLC provided controlling equity for transaction.  Full Article

Smiths Group sells Interconnect's power business for 162 mln stg
Thursday, 26 Jan 2017 05:34am EST 

Smiths Group Plc : Smiths group divests Interconnect's power business for 162 million stg . Sale to Dunes Point Capital, LLC, a family office and private investment firm, located in Rye, NY, for an enterprise value of 162 million stg. . Disposal is part of ongoing corporate programme to focus co's portfolio on scalable positions in its chosen markets . Proceeds will be reinvested in attractive growth opportunities for company. .Harris Williams & Co. acted as exclusive financial advisor to Smiths Interconnect's power business on sale..  Full Article

European Commission clears Smiths, Morpho Detection deal
Thursday, 19 Jan 2017 06:03am EST 

Smiths Group Plc : EC clears Smiths acquisition of Morpho Detection . Welcomes European Commission clearance for acquisition of Morpho Detection . In order to secure approval in phase I of EU Merger review process, Smiths Group proposed divestment of Morpho Detection's explosive trace detection business . Divestment is conditional on successful closing of Smiths Group's acquisition of Morpho Detection and on European Commission's approval .Continues to engage with these authorities in order to secure necessary clearances as soon as possible.  Full Article

Smiths Group says Q1 revenue up 16 pct on reported basis
Tuesday, 15 Nov 2016 02:00am EST 

Smiths Group Plc : Revenue declined 3 pct on an underlying basis . Expectations for full year remain unchanged . Further steps were also taken in quarter to de-risk group's pension liabilities through a 250 mln stg bulk annuity buy-in agreement . Overall group performance in Q1 was in line with management expectations .On a reported basis, revenue grew 16 pct, reflecting effects of recent movements in foreign exchange.  Full Article

Smiths group FY underlying revenue down 2 pct
Wednesday, 28 Sep 2016 02:00am EDT 

Smiths Group Plc : FY revenue rose 2 percent to 2.949 billion stg . Final dividend up 102 percent to 28.75 penceper share . Total dividend up 2.4 percent to 42 penceper share . Fy pre-tax profit 451 million stg versus 459 million stg last year . "We anticipate a broad continuation of the trends experienced in 2016" . Group revenue declined 2% on an underlying1 basis ."Group performance in 2017 is expected to be weighted towards the second half".  Full Article

Smiths to sell artificial lift business for $39.5 mln
Friday, 23 Sep 2016 02:00am EDT 

Smiths Group Plc : Smiths group to divest artificial lift business . Agreement to sell its artificial lift business, part of John Crane Division, to Endurance Lift Solutions, LLC . Total gross consideration payable at completion is $39.5m in cash . Management team will transfer with business .Transaction is subject to customary regulatory approvals and is expected to close by end of calendar year.  Full Article

Smiths Group PLC announces acquisition of Morpho Detection
Thursday, 21 Apr 2016 02:00am EDT 

Smiths Group PLC:It has entered into an agreement to acquire Morpho Detection, a California-based detection and security solutions company, from Safran S.A. for an enterprise value of $710 million (£493 million).  Full Article

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