Smiths Group Plc - Company Profile

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Smiths Group Plc: Segment Analysis

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Business Description

Smiths Group Plc (Smiths Group) manufactures, develops, markets, and supports products and services for communications, energy, threat and contraband detection, medical devices, and engineered components industries. The company offers its products to government agencies, petrochemical companies, hospitals, other equipment manufacturers, domestic appliance manufacturers, and service providers. It carries out operations through its wholly-owned subsidiaries and holding companies.

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R&D Overview

Smiths Group has focused on advancing its R&D capabilities across various sectors. John Crane launched the Type 93AX coaxial separation seal, designed to reduce nitrogen consumption and emissions while enhancing reliability. Flex-Tek introduced the 'Blue Series' sealed metal duct system, which is more energy-efficient and quicker to install. Smiths Detection has been working on X-ray diffraction-based technology for improved detection of prohibited substances. Smiths Interconnect expanded its DaVinci series with high-speed semiconductor test sockets and launched EZiCoax interposer connectors for aerospace and defense applications. The R&D units of Smiths Group include John Crane, Flex-Tek, Smiths Detection, and Smiths Interconnect. The company has 2,700+ Patents (granted and pending applications). In FY2025, the company incurred expenses of GBP143 million on R&D, which as a percentage of revenue, stood at 4.3%.

Business Segments

Overview

- Provides engineered components that heat and move fluids and gases for the industrial, aerospace, construction, medical, and domestic appliance markets. - The division is further classified into four business units: Fluid management group, Heat solutions group, Construction group and Flexible solutions group. - The Fluid management group offers fluid management products and programs for the aerospace, industrial, and transportation markets. - The Heat solutions group offers heating elements and thermal systems to improve the performance of medical and diagnostic equipment and domestic appliances including clothes dryers and HVAC equipment. - The Construction group offers flexible hosing and rigid tubing to deliver fuel gas and conditioned air in residential and commercial buildings. - The Flexible solutions group offers hoses and ducting for a variety of industries. It has manufacturing facilities in the UK, India, China, Malaysia, Mexico, Germany and France.

Performance

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Overview

-Provides mechanical seals, seal support systems, hydrodynamic bearings, power transmission couplings, filtration systems, packing and gaskets, and artificial lift products including rod pumps and sucker rods. - Offers a wide range of services including engineering design, equipment service, reliability support, turbomachinery service, training, e-business and upstream oil and gas field water management. - The segment offers its products and services to energy, oil and gas, power generation, chemical, pharmaceutical, mining and minerals, food and beverage, pulp and paper processing, refrigeration compression, wastewater and clean water management.

Performance

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Overview

- It offers sensors and systems that detect and identify explosives, chemical agents, narcotics, weapons, contraband, and biohazards. -The segment offers its products to Aviation – airports and governments. -Regulators are also highly involved and shape market development, Other Security Systems – a significant presence in highenergy cargo inspection systems (ports and borders), integrated screening systems for a broad range of urban situations (court houses, prisons, offices, shopping malls, rail stations, etc.), longstanding partnerships with governments for detection of chemicals and explosives in national defense.

Performance

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Geographical Segments

Performance

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Performance

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Performance

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Performance

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