- IMI’s adjusted pretax profit for the first half of the year was GBP189.5 million, slightly below the estimate of GBP192.5 million.
- Adjusted operating profit came in at GBP198.1 million, marginally under the anticipated GBP199.3 million.
- Both adjusted revenue and overall revenue were reported at GBP1.09 billion, meeting expectations.
- Actual pretax profit exceeded estimates, reaching GBP163.0 million compared to the forecast of GBP161.5 million.
- An interim dividend per share was announced at 11.0 pence.
- The company remains on target to achieve its fourth year of mid-single digit organic revenue growth.
- Full year adjusted basic earnings per share are projected to be between 129 pence and 136 pence.
- A foreign exchange translation impact is expected to negatively affect the full year adjusted operating profit by approximately 1.5%.
- Projected full-year interest expenses will rise to between GBP19 million and GBP20 million due to an accelerated share buyback program.
- Analyst recommendations include 14 buys, 3 holds, and 1 sell.
A look at IMI PLC Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
IMI PLC, the international engineering company specializing in fluid control solutions, has been rated across various key factors using Smartkarma Smart Scores. With a Growth score of 3 and Resilience score of 3, IMI PLC showcases steady growth potential and a robust ability to withstand market challenges. Additionally, its Momentum score of 4 indicates strong market momentum, reflecting positive investor sentiment and potential for future growth. While the Value and Dividend scores are rated at 2 each, suggesting room for improvement in terms of valuation and dividend payouts, the overall outlook for IMI PLC appears promising with a balanced mix of growth, resilience, and market momentum.
IMI PLC operates in high-growth sectors like energy, oil and gas, energy-efficient buildings, rail, commercial vehicles, and beverage dispense, offering specialized engineering solutions tailored to customer needs. The company’s Smartkarma Smart Scores highlight its strengths in growth potential, market momentum, and resilience, positioning it well for long-term success. By focusing on enhancing its value proposition and dividend distribution, IMI PLC can further solidify its position in the market and capitalize on the opportunities presented by its diverse industry presence.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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