London · Delayed Price · Currency is GBP · Price in GBX IMI plc Earnings Call Transcripts
Fiscal Year 2026
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Organic growth achieved across all segments in Q1, with strong performance in Process Automation and Climate Control. Guidance for the year is reaffirmed, though Middle East disruptions could risk GBP 30 million in shipments. Free cash flow and M&A pipeline remain robust.
Fiscal Year 2025
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Delivered 5% organic revenue and 8% organic adjusted operating profit growth in 2025, with a record 20% operating margin and strong cash generation supporting a GBP 500 million share buyback and 10% dividend increase. Outlook for 2026 targets continued mid-single-digit organic growth and stable margins.
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Organic revenue rose 12% in Q3, with Process Automation up 26% and strong aftermarket growth. Margins are set to reach 20% for the year, and guidance for mid-single-digit organic growth is reaffirmed. Investments in cybersecurity and a disciplined M&A approach continue.
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Delivered 2% organic sales and 5% organic adjusted profit growth in H1, with strong order intake and margin expansion. Completed a £200m buyback, raised the dividend, and maintained robust guidance for 2025 despite cyber and tariff headwinds.
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Full-year guidance for mid-single-digit organic growth and EPS of GBP 1.29–1.36 reaffirmed, with strong process automation momentum and improved group margins. Strategic review of transport underway, and cyber and tariff risks managed. Margins expected to reach or exceed 20%.
Fiscal Year 2024
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Delivered 4% organic sales growth and 10% organic adjusted operating profit growth, with margins up to 19.7% and strong free cash flow. Announced a GBP 200 million share buyback, 10% dividend increase, and set 2025 EPS guidance at 129p–136p, with margins expected above 20%.
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Q3 performance met expectations with EPS guidance reaffirmed and strong process automation growth. Margins improved, free cash flow is set to reach £300 million, and the TWTG acquisition boosts digital and aftermarket capabilities. Guidance for the year is maintained.
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H1 2024 saw 5% organic sales and 6% profit growth, with margin improvement and strong cash flow. Guidance for full-year EPS is maintained despite FX and interest headwinds, supported by robust Process Automation orders and a £100 million share buyback.