IMI plc Reports Resilient Q3 and Strategic Acquisition
Company Announcements

IMI plc Reports Resilient Q3 and Strategic Acquisition

IMI plc (GB:IMI) has released an update.

IMI plc reported a resilient third quarter with a 1% organic revenue increase, driven by strong growth in its Process Automation sector and improved margins. Despite foreign exchange challenges, the company reaffirmed its full-year earnings guidance and announced the acquisition of TWTG Group to boost its aftermarket growth. A £100m share buyback was completed as part of IMI’s disciplined capital allocation strategy, aiming to sustain EPS growth.

For further insights into GB:IMI stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskIMI plc Announces New CFO Appointment
TipRanks UK Auto-Generated NewsdeskIMI plc Acquires TWTG to Boost Automation Offerings
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App