Smiths Group plc (OTCPK:SMGZY) Q4 2024 Results Conference Call September 24, 2024 3:30 AM ET Company Participants Roland Carter - CEO Clare Scherrer - CFO Conference Call Participants Lushanthan Mahendrarajah - JPMorgan Mark Jones - Stifel Kyle Summers - Redburn Atlantic Jonathan Hurn - Barclays Bruno Gjani - BNP Paribas Roland Carter Good morning, everyone, and thank you for joining us today. As I said in March, it is an honor to be CEO of Smiths.
Smiths Group (LSE:SMIN) slumped to the bottom of the FTSE 100 movers as the engineering giant undershot both revenue and earnings expectations in the first six months of 2024. Headline operating profit ticked up 5% to £526 million, the engineering firm said on Tuesday, while revenue climbed 3% to £3.1 billion, but the consensus estimate for profit was £535 million.
UK engineering firm Smiths Group said on Tuesday it was acquiring U.S.-based Modular Metal Fabricators and Canada's Wattco for up to 110 million pounds ($146.89 million), in a bid to expand its global presence.
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Investors interested in Technology Services stocks are likely familiar with Smiths Group PLC (SMGZY) and Palantir Technologies Inc. (PLTR). But which of these two stocks offers value investors a better bang for their buck right now?
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