Reported 11 days ago
British engineering company Smiths Group has raised its annual organic revenue growth outlook following a 15.8% increase in first-quarter revenue driven by heightened demand for its scanning and explosives detection products. Shares reached a record high as the company anticipates full-year growth of 5%-7%, up from 4%-6%, alongside a projected improvement in operating profit margins. Strong demand from the U.S. safety and security sectors and plans to enhance its share buyback program further underscore this positive outlook.
Source: YAHOO