The FTSE 250 group, which makes everything from body armour to seals and bearings, saw sales climb 7.2% in the ten months to the end of October.
Continued strong demand for its ceramic armour products was yet again a key driver of growth, but even excluding this, underlying sales were still up 5.4%.
Morgan’s thermal products and carbon and technical ceramics divisions were the other stand-out performers, with sales rising 7.0% and 9.2% year-on-year respectively.
Operating margins remained “in-line” with the 11.8% figure Morgan reported in its half-year results back in July.
Shares were down 0.8% to 273p shortly after the opening bell having initially opened higher.