Smiths Group

OverviewSuggest Edit

Smiths Group is a company that designs, manufactures, and sells various products and services for the threat and contraband detection, medical devices, energy, communications, and engineered components markets. It operates through John Crane, Smiths Medical, Smiths Detection, Smiths Interconnect, and Flex-Tek divisions. The John Crane division offers engineered products and services comprising mechanical seals, seal support systems, engineered bearings, power transmission couplings, and specialist filtration systems. The Smiths Medical division provides specialty medical devices and consumables. The Smiths Detection division offers detection technologies comprising sensors and systems that detect and identify explosives, narcotics, weapons, and chemical agents. The Smiths Interconnect division provides electronic and radiofrequency board-level and waveguide devices, connectors, cables, test sockets, and sub-systems. The Flex-Tek division offers engineered components that heat and move fluids and gases for aerospace, consumer products, construction, medical, and industrial applications.
TypePublic
Founded1851
HQLondon, GB
Websitesmiths.com
Employee Ratings3.3

Latest Updates

Employees (est.) (Jul 2021)22,050(-4%)
Job Openings292
Revenue (FY, 2021)£3.3 B(-6%)
Share Price (Aug 2022)£15.2
Cybersecurity ratingBMore
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Key People/Management at Smiths Group

Paul Keel

Paul Keel

Chief Executive Officer
John Shipsey

John Shipsey

Chief Financial Officer
Clare Scherrer

Clare Scherrer

Chief Financial Officer
John D. Ostergren

John D. Ostergren

Chief Sustainability Officer
Vera Kirikova

Vera Kirikova

Chief People Officer
Roland Carter

Roland Carter

President, Smiths Detection and Asia Pacific
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Smiths Group Office Locations

Smiths Group has offices in London, Ashford, Dundee, Elstree and in 53 other locations
London, GB (HQ)
4th Floor, 11-12, St James’s Square
Ashford, GB
1500, Eureka park, Upper Pemberton
Dundee, GB
Block 29, Dunsinane Avenue
Elstree, GB
130 Centennial Ave
Hemel Hempstead, GB
Century House, Maylands Ave
Botany, AU
Unit 5 Botany Grove Estate, 14A Baker St
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Smiths Group Financials and Metrics

Smiths Group Revenue

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Smiths Group's revenue was reported to be £3.26 b in FY, 2021
GBP

Revenue (H1, 2022)

1.5b

Gross profit (H1, 2022)

812.0m

Gross profit margin (H1, 2022), %

52.5%

Net income (H1, 2022)

1.1b

EBITDA (H1, 2022)

240.0m

EBIT (H1, 2022)

1.2b

Market capitalization (3-Aug-2022)

5.5b

Closing stock price (3-Aug-2022)

15.2

Cash (31-Jan-2022)

1.7b

EV

5.3b
Smiths Group's current market capitalization is £5.5 b.
Annual
GBPFY, 2019FY, 2020FY, 2021

Revenue

3.4b3.5b3.3b

Cost of goods sold

(1.7b)(1.8b)(1.7b)

Gross profit

1.6b1.6b1.5b

Gross profit Margin, %

48%47%47%
Half Year
GBPH1, 2020H1, 2021H1, 2022

Revenue

1.7b1.6b1.5b

Cost of goods sold

(846.0m)(940.0m)(736.0m)

Gross profit

828.0m637.0m812.0m

Gross profit Margin, %

49%40%52%
Annual
GBPFY, 2019FY, 2020FY, 2021

Cash

315.0m386.0m453.0m

Accounts Receivable

712.0m596.0m554.0m

Prepaid Expenses

38.0m72.0m104.0m

Inventories

568.0m446.0m526.0m
Half Year
GBPH1, 2020H1, 2021H1, 2022

Cash

247.0m375.0m1.7b

Accounts Receivable

739.0m551.0m623.0m

Prepaid Expenses

34.0m44.0m69.0m

Inventories

623.0m394.0m447.0m
Annual
GBPFY, 2019FY, 2020FY, 2021

Net Income

477.0m402.0m326.0m

Depreciation and Amortization

137.0m111.0m107.0m

Inventories

(48.0m)(73.0m)66.0m

Accounts Payable

66.0m47.0m36.0m
Half Year
GBPH1, 2020H1, 2021H1, 2022

Net Income

145.0m143.0m157.0m

Depreciation and Amortization

55.0m52.0m50.0m

Inventories

(98.0m)35.0m(78.0m)

Accounts Payable

(78.0m)(77.0m)(21.0m)
GBPFY, 2019

EV/EBITDA

2.5 x

EV/EBIT

3 x

EV/CFO

4.1 x

Revenue/Employee

153.3k

Debt/Equity

0.6 x

Debt/Assets

0.3 x

Financial Leverage

2.2 x
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Smiths Group Operating Metrics

H1, 2019FY, 2019H1, 2020FY, 2020H1, 2021FY, 2021H1, 2022

Adjusted Claims

281 k285 k287 k297 k304 k305 k306 k

Countries

50505050

Locations

200200200

Suppliers

8 k14 k

Smiths Group Acquisitions / Subsidiaries

Company NameDateDeal Size
Reflex Photonics Inc.October 31, 2019c$40 m
United Flexible IncFebruary 19, 2019$345 m
Seebach GmbHMarch 23, 2018€60 m
Morpho DetectionMarch 31, 2017$710 m
Channel MicrowaveNovember 05, 2009
Zhejiang Zheda Medical Instrument Co., Ltd.November 18, 2008
Triasx Pty Ltd.July 07, 2008
Fiber Composite Company Inc.May 19, 2008
Indufil BVApril 28, 2008
Sartorius Bearing TechnologyOctober 15, 2007
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Smiths Group Revenue Breakdown

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Smiths Group revenue breakdown by business segment: 13.0% from DISCONTINUED OPERATIONS, 13.3% from JOHN CRANE, 7.8% from FLEX-TEK, 11.1% from SMITHS DETECTION, 13.0% from DISCONTINUED OPERATIONS, 13.3% from JOHN CRANE, 7.8% from FLEX-TEK, 11.1% from SMITHS DETECTION and 9.6% from Other

Smiths Group revenue breakdown by geographic segment: 7.7% from REST OF WORLD, 16.0% from EUROPE, 26.1% from DISCONTINUED BUSINESSES, 38.2% from AMERICAS and 12.0% from ASIA-PACIFIC

Smiths Group Cybersecurity Score

Cybersecurity ratingPremium dataset

B

83/100

SecurityScorecard logo

Smiths Group Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Smiths Group Online and Social Media Presence

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Smiths Group News and Updates

Smiths Group earnings miss, Revenue beats in Q2

Smiths Group (LON:SMIN) reported on Friday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.

Half Year Results For 6 Months Ended 31 January 2022

Strong profit conversion and earnings growth.

Supplying Tsa With Ctx Explosive Detection Systems Across The U.s.

Smiths Detection, a global leader in threat detection and security screening technologies, announces it will be supplying 47 CTX 9800 DSi explosive detection systems to the Transport Security Administration (TSA). The equipment is being deployed across the U.S. following Smiths Detection’s recent su…

Explosives Detection System Receives Approval From TSA

Smiths Detection, a global leader in threat detection and security screening technologies, today announces that its Explosive Detection System (EDS) HI-SCAN 10080 XCT advanced X-ray computed tomography system for hold baggage and air cargo has been approved on the U.S. Transportation Security Admini…

Smiths Group Commits To Net Zero Operations By 2040

Smiths Group today announces that it has signed up to the United Nation’s Race to Zero campaign, building on our commitment to achieve net zero greenhouse gas emissions from operations by 2040, with net zero Scope 3 emissions reached by 2050. The achievement of these targets includes long term commi…

New Global Technology Development Centre In Bangalore To Advance Latest Digital Technologies

Smiths Detection, a global leader in threat detection and security screening technologies, opened a new global technology development centre in Bangalore, India.
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Smiths Group Frequently Asked Questions

  • When was Smiths Group founded?

    Smiths Group was founded in 1851.

  • Who are Smiths Group key executives?

    Smiths Group's key executives are Paul Keel, John Shipsey and Clare Scherrer.

  • How many employees does Smiths Group have?

    Smiths Group has 22,050 employees.

  • What is Smiths Group revenue?

    Latest Smiths Group annual revenue is £3.3 b.

  • What is Smiths Group revenue per employee?

    Latest Smiths Group revenue per employee is £147.6 k.

  • Who are Smiths Group competitors?

    Competitors of Smiths Group include Parker Hannifin, Danaher and Becton Dickinson.

  • Where is Smiths Group headquarters?

    Smiths Group headquarters is located at 4th Floor, 11-12, St James’s Square, London.

  • Where are Smiths Group offices?

    Smiths Group has offices in London, Ashford, Dundee, Elstree and in 53 other locations.

  • How many offices does Smiths Group have?

    Smiths Group has 58 offices.