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  • 25 Mar 24
IMI plc FY23 Private Investor Webinar
imi-plc-fy23-private-investor-webinar-25-03-2024
  • 09 Nov 23
Hot Off The Wires - The Day Ahead

Today's news and views, plus announcements from: NG., AUTO, IMI, BME, TW., BBY, GFRD, RWI, & UOG.

Companies: IMI plc (IMI:LON)Galliford Try Holdings PLC (GFRD:LON)

Capital Access Group
  • 13 Oct 23
Stock pick: Improved IMI's undervaluation offers comfort in a volatile market

Under the leadership of Roy Twite, IMI has gradually but surely become an improved business. The ingredients include initiatives to drive organic growth, well-thought-out acquisitions, less cyclicality, better margins and, last but not least, a very competent management. However, when we look at the market’s perception of today’s IMI, we sense a valuation gap and believe that IMI deserves a higher valuation. As such, IMI is worth a look at the current price.

Companies: IMI plc

AlphaValue
  • 27 Sep 23
FTSE 100 up despite tough start for British Gas owner - Market Report
ftse-100-up-despite-tough-start-for-british-gas-owner-market-report
  • 28 Jul 23
Decent first half; revised 2023 outlook confirmed; new reporting structure from H2

IMI posted a good first half result which was slightly above expectations. Revenue growth was positive across all divisions but was particularly strong in Critical Engineering. Adjusted operating profits increased due to margin expansion in all three divisions. CFO and FCF improved due to higher profits and reduced working capital. IMI also declared an interim dividend of 9.1p and unveiled a new reporting structure for future results. Finally, IMI confirmed its revised outlook first provided dur

Companies: IMI plc

AlphaValue
  • 28 Jul 23
Hot Off The Wires - The Day Ahead

Today's news and views, plus announcements from: IMI, IAG, RMV, STAN, ITRK, LWDB, WHI, NOG, PAY, SEPL, & OBE.

Companies: IMI plc (IMI:LON)Seplat Energy PLC (SEPL:LON)

Capital Access Group
  • 22 Mar 23
IMI plc Investor Webinar
imi-plc-investor-webinar-22-03-2023
  • 03 Mar 23
We like the IMI we see; 2023 will deliver further progress

IMI delivered a decent set of full year results with a marginal beat on profitability versus the consensus. In 2022, the group took another step forward towards its target of a 20% margin across the cycle and delivered restructuring benefits ahead of the plan. Order growth in Critical was encouraging, whereas orders from Growth Hub exceeded expectations. The board will propose a dividend of 25.7p for 2022. The outlook for 2023 points towards another year of revenue and profit growth.

Companies: IMI plc

AlphaValue
  • 29 Jul 22
Progressive first half results; Higher interim dividend; 2022 outlook confirmed

IMI posted a decent set of results that were above our expectations. Revenues grew organically despite adverse effects from lockdowns in China and the disposal of the Russian operations. Adjusted operating profits also grew as all divisions saw an expansion in adjusted operating margins. The company also made good progress on its restructuring programme as well as in the Growth Hub. CFO was lower due to working capital build-up. For the 2022 outlook, the company expects adjusted EPS to exceed 10

Companies: IMI plc

AlphaValue
  • 25 Feb 22
IMI will continue growing in 2022

IMI reported a good set of results with higher than expected profitability that helped it to reach the ceiling of its adjusted EPS guidance. Revenue growth was driven by attractive demand from most end-markets even as recovery continued in others. CFO was decent and included higher working capital investments. The group completed its £200m buy-back programme and will propose a final dividend of 15.8p per share. Regarding the FY22 outlook, the group expects adjusted EPS to exceed 100p.

Companies: IMI plc

AlphaValue
  • 04 Nov 21
Better FY21 outlook, courtesy of a decent Q3

IMI released its revenue figures for Q3 and they were slightly better than expected. All three divisions saw organic growth and are on track to reach their FY21 targets. With this update the group also raised its outlook. Additionally, the group is on track to finish its share buy-back programme of £200m.

Companies: IMI plc

AlphaValue
  • 30 Jul 21
Decent Q2 brings an increased dividend and an updated outlook

IMI’s H1 revenues were in line with our expectations but profitability and margins were ahead of them. All three divisions registered growth in revenues and margins. FCF more than doubled. As a result, the company raised its FY21 outlook again. The company also proposed an interim dividend of 7.9p, an increase of 5% and has made good progress in its buy-back programme.

Companies: IMI plc

AlphaValue
  • 26 Feb 21
A muted end to FY20

Like other capital goods companies under our coverage, IMI too witnessed a stronger second half. The full-year results were, however, slightly below our expectations. The group’s restructuring efforts bore some fruit but also experienced a delay due to the pandemic. The proposed dividend matched our expectations but the FY21 outlook is rather soft from our point of view.

Companies: IMI plc

AlphaValue
  • 10 Aug 20
Resilient and prepared to ride out the crisis

IMI’s H1 figures proved to be resilient in times of crisis, benefiting from management’s actions on the group’s cost structure. The restructuring is on track and management reintroduced new guidance for 2020, assuming no deterioration in H2, and an adjusted EPS of 65p to 70p. Nevertheless, the overall business environment remains under pressure with very limited visibility ahead.

Companies: IMI plc

AlphaValue
  • 28 Feb 20
Solid margin improvement

IMI continued on delivering encouraging results in H2, reflecting a solid result from its ongoing restructuring. FY19 was in line with our expectations, while the operating margin came in 3.9% above. Like many corporates, IMI was unable to quantify the ultimate impact of the Coronavirus outbreak on its supply chain and demand. We, however, appreciate the good progress delivered by the company.

Companies: IMI plc

AlphaValue

IMI plc

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Research, Charts & Company Announcements

Research Tree provides access to ongoing research coverage, media content and regulatory news on IMI plc. We currently have 841 research reports from 10 professional analysts.

Latest News/RNS

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Date Source Announcement
12Apr24 13:49 RNS IMI PLC - Director/PDMR Shareholding
10Apr24 13:42 RNS IMI PLC - Director/PDMR Shareholding
02Apr24 13:50 RNS IMI PLC - Total Voting Rights
28Mar24 09:11 RNS IMI PLC - Annual Financial Report
27Mar24 16:48 RNS IMI PLC - Director/PDMR Shareholding
20Mar24 11:37 RNS IMI PLC - Director/PDMR Shareholding
14Mar24 08:58 RNS IMI PLC - Retail Investor Webinar
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