Smiths Group (LSE:SMIN) shares traded higher on Friday after the industrial tech firm agreed to sell its Smiths Interconnect division to Molex Electronic Technologies, a Koch company, in a deal valuing the business at £1.3 billion. The transaction represents 15.1 times Smiths Interconnect's headline EBITDA of £86.1 million for fiscal 2025 and forms part of Smiths' plan to focus on its core industrial engineering operations.
Smiths Group said the divestment to Koch's Molex Electronic Technologies is part of a restructuring strategy to become a more focused industrial engineering company.
Smiths Group plc (OTCPK:SMGZY) Q4 2025 Earnings Call September 23, 2025 3:00 AM EDT Company Participants Roland Carter - CEO & Director Julian Fagge - CFO & Executive Director Conference Call Participants Lushanthan Mahendrarajah - JPMorgan Chase & Co, Research Division Christian Hinderaker - Goldman Sachs Group, Inc., Research Division Mark Jones - Stifel, Nicolaus & Company, Incorporated, Research Division Margaret Schooley - Rothschild & Co Redburn, Research Division Alexandro da Silva O'Hanlon - Panmure Liberum Limited, Research Division Dylan Jones - Kepler Cheuvreux, Research Division Presentation Roland Carter CEO & Director Good morning, everyone, and thank you for joining us. Today, I'll open with a reminder of our strategic actions that we announced in January and a few highlights of our fiscal year 2025 performance before handing over to Julian to walk through the numbers in more detail.
Smiths Group (SMGZY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
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Here is how Smiths Group PLC (SMGZY) and Sims Metal Management Ltd. (SMSMY) have performed compared to their sector so far this year.
Smiths Group plc (OTCPK:SMGZY) H1 2025 Earnings Conference Call March 25, 2025 4:00 AM ET Company Participants Roland Carter – CEO Julian Fagge - CFO Conference Call Participants Lushanthan Mahendrarajah – JPMorgan Christian Hinderaker - Goldman Sachs Martin Wilkie - Citi Mark Jones – Stifel Stephan Klepp - HSBC Andrew Simms - Berenberg Dylan Jones - Kepler Cheuvreux Roland Carter Good morning, everyone, and thank you for joining us today. I'll start by providing a few opening remarks before handing over to Julian to walk us through the First Half numbers.
Smiths Group (LSE:SMIN) has reaffirmed its full-year outlook after reporting a strong first half, marked by higher sales and profits, a fresh acquisition in the United States, and upgraded financial targets for its core industrial divisions. Revenue for the six months to the end of January rose 9.1% on an organic basis to £1.61 billion, with operating profit margins up 50 basis points to 16.7%.
Smiths Group (SMGZY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Investors interested in stocks from the Technology Services sector have probably already heard of Smiths Group PLC (SMGZY) and Amplitude, Inc. (AMPL). But which of these two companies is the best option for those looking for undervalued stocks?