Smiths Group Lowers Full-Year Revenue Growth Outlook Due to Middle East Disruption
Smiths Group has revised its full-year organic revenue growth outlook downward from 3% to 4% to around 2%, citing disruption in the John Crane business due to events in the Middle East. Organic revenue was flat for Q3, and the company expects a continued impact of approximately GBP 10 million into Q4.
Topics: John Crane disruption organic revenue growth outlook cut Q3 earnings