IMI (LON:IMI) Full Year 2024 Results
Key Financial Results
- Revenue: UK£2.21b (flat on FY 2023).
- Net income: UK£248.5m (up 4.7% from FY 2023).
- Profit margin: 11% (in line with FY 2023).
- EPS: UK£0.96 (up from UK£0.92 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
IMI EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.1%.
The primary driver behind last 12 months revenue was the Automation segment contributing a total revenue of UK£1.41b (64% of total revenue). Notably, cost of sales worth UK£1.17b amounted to 53% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to UK£428.1m (54% of total expenses). Explore how IMI's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Machinery industry in the United Kingdom.
Performance of the British Machinery industry.
The company's shares are down 2.1% from a week ago.
Risk Analysis
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This article by Simply Wall St is general in nature. We provide commentary 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. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About LSE:IMI
IMI
An engineering company, engages in the design, manufacturing, and servicing of engineering products in the United Kingdom, Germany, rest of Europe, the United States, rest of the Americas, China, rest of the Asia Pacific, the Middle East, and Africa.
Solid track record with excellent balance sheet.
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