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LONDON - Smiths Group (OTC:SMGZY) PLC, a global technology company, has recently updated its financial guidance, projecting an increase in organic revenue growth and improved profit margins. The company, which operates in the energy, safety, security, aerospace, defence, and general industrial sectors, has communicated a second upgrade in its guidance for the fiscal year 2025, following a positive performance in the first quarter.
On January 14, 2025, Smiths announced that it expects organic revenue growth to be between 6-8% and anticipates a margin improvement of 40-60 basis points. This announcement comes in response to a letter from Engine Capital LP, one of the company's shareholders, and reflects the company's commitment to enhancing shareholder value.
The board of Smiths Group has welcomed the dialogue with shareholders and reaffirmed its dedication to driving shareholder returns. The company has a history spanning over 170 years and is known for its engineering innovations that contribute to a safer, more efficient, and better-connected world.
Smiths Group, which is listed on the London Stock Exchange (LON:LSEG), employs approximately 15,000 people in over 50 countries. The company's recent performance and upgraded guidance signal its strong position in the markets it serves.
The information in this article is based on a press release statement issued by Smiths Group PLC.
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