IMI plc ( (GB:IMI) ) has issued an update.
IMI plc announced record profits for 2024, driven by a 4% organic sales growth and a 10% increase in adjusted operating profit. The company highlighted strong performances in process automation and climate control, despite softer market conditions in other sectors. IMI also announced a £200m share buyback and a 10% increase in the final dividend, reflecting confidence in future performance and strong cash generation. The company expects continued financial and strategic progress in 2025, with further margin improvements and a robust cash flow outlook.
More about IMI plc
IMI plc operates in the engineering industry, focusing on fluid and motion control technologies. The company provides solutions in process automation, climate control, and industrial automation, with a market focus on energy-saving technologies and innovation in automation.
YTD Price Performance: 3.95%
Average Trading Volume: 596,199
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £4.83B
For a thorough assessment of IMI stock, go to TipRanks’ Stock Analysis page.