Diploma PLC on Thursday raised its full-year outlook for the second time, citing strong third-quarter performance.
The industrial-products supplier said it now expects full-year organic growth of around 10%, up from its previous forecast of 8%.
The company had previously raised its guidance in May to 8% from an initial 6%.
For the nine months ended June 30, organic growth was 10%, while reported growth was 12%, according to the company.
Diploma also announced it invested approximately 39 million British Pounds in two acquisitions.
The deals include Haagensen A/S, a seals business in Denmark, and Alpha Laboratories, which marks the company's entry into the U.K. in-vitro diagnostics market.
The company said its full-year operating margin guidance remains in line with expectations of around 22%.