Last 1,337 GBp
Change Today +28.00 / 2.14%
Volume 734.0K
As of 11:35 AM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

imi plc (IMI) Snapshot

Open
1,315 GBp
Previous Close
1,309 GBp
Day High
1,346 GBp
Day Low
1,310 GBp
52 Week High
06/10/14 - 1,613 GBp
52 Week Low
10/13/14 - 1,108 GBp
Market Cap
3.6B
Average Volume 10 Days
922.6K
EPS TTM
0.70 GBp
Shares Outstanding
271.8M
EX-Date
04/9/15
P/E TM
19.2x
Dividend
41.78 GBp
Dividend Yield
3.00%
Current Stock Chart for IMI PLC (IMI)

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imi plc (IMI) Details

IMI plc, through its subsidiaries, provides engineering solutions for the control and movement of fluids in critical applications worldwide. Its Severe Service segment offers anti-surge valve and actuator systems, and highly engineered isolation valves for critical processes in liquefied natural gas plants; valves and other flow control solutions for primary and secondary cycles of the nuclear reactor and fuel enrichment plants; and integrated flow control systems for critical applications in fluid catalytic cracking, ethylene and polypropylene production processes, and delayed coking. This segment provides its products under the CCI, BTG, IMI Nuclear, Orton, Truflo Rona, STI, Z&J, THJ, Remosa, and InterAtiva brand names. The company’s Fluid Power segment develops motion and fluid control technologies, principally pneumatic devices, for original equipment manufacturers in industrial pneumatic, commercial vehicles, food and beverage, life sciences, rail, and energy industries. This segment markets its products under the Norgren, FAS, Kloehn, Herion, Buschjost, and Maxseal brand names. Its Indoor Climate segment offers balancing hydronic systems for buildings; hydronic conditioning solutions for HVAC systems; and thermostatic radiator valves under the TA Hydronics, Heimeier, Pneumatex, and FDI brand names. IMI plc was founded in 1862 and is headquartered in Birmingham, the United Kingdom.

Founded in 1862

imi plc (IMI) Top Compensated Officers

Chief Executive Officer, Director and Chairma...
Total Annual Compensation: 425.0K GBP
Executive Director and Member of Executive Co...
Total Annual Compensation: 740.0K GBP
Divisional Managing Director, Executive Direc...
Total Annual Compensation: 716.0K GBP
Compensation as of Fiscal Year 2013.

imi plc (IMI) Key Developments

IMI plc Announces Directorate Changes; Recommends Final Dividend for the Year Ended December 31, 2014, Payable on May 22, 2015; Reports Preliminary Consolidated Earnings Results for the Full Year Ended December 31, 2014; Provides Earnings Guidance for 2015

In September 2014, IMI plc announced the retirement of Douglas Hurt as Finance Director. Douglas has been in the role since 2006 and has played a major part in IMI's development over the course of the last eight years. Douglas will be succeeded by Daniel Shook who joined the company in January 2015 and who will become Finance Director on March 1, 2015. Daniel was previously Chief Finance Officer at Borealis AG and brings with him over 20 years of financial management experience across a range of industrial sectors and a strong international perspective. Anita Frew, the company’s senior independent director, will retire after nine years as a non-executive at the annual general meeting in May 2015. Bob Stack will succeed Anita as senior independent director immediately following the AGM. In addition, Mark Selway stepped down from the nominations committee on February 26, 2015 to comply with emerging best practice. The directors of the company recommend a final dividend of 24.0 pence per share against 22.5 pence a year ago, payable on May 22, 2015 to shareholders on the register at close of business on April 10, 2015. Together with the interim dividend of 13.6 pence per share paid on September 19, 2014, this makes a total distribution of 37.6 pence per share against 35.3 pence per share a year ago. In accordance with IAS10 'Events after the Balance Sheet date', this final proposed dividend has not been reflected in the December 31, 2014 balance sheet. IMI plc reported preliminary consolidated earnings results for the full year ended December 31, 2014. For the period, the company reported revenue of £1,692 million compared to £1,743 million a year ago. Operating profit was £269.8 million compared to £270.5 million a year ago. Profit before tax was £245.7 million compared to £249.3 million a year ago. Profit from continuing operations after tax was £192.8 million or 68.6 pence per diluted share, compared to £193.6 million or 59.6 pence per diluted share, a year ago. Profit attributable to owners of the parent was £668.5 million or 241.3 pence per diluted share, compared to £223.9 million or 70.1 pence per diluted share, a year ago. Diluted EPS from adjusted profit for the year was 77.3 pence compared to 71.7 pence a year ago. Net cash from operating activities was £117.6 million compared to £319.3 million a year ago. Acquisition of property, plant and equipment and non-acquired intangibles was £70.8 million compared to £53.4 million a year ago. EBITDA from continuing operations was £370.9 million compared to £331.5 million a year ago. The post-tax return on invested capital from continuing operations was 18.3% compared to 19.7% in 2013. Adjusted revenue of £1,686 million compared to £1,744 million a year ago. Adjusted operating profit was £298 million compared to £322 million a year ago. Adjusted profit before tax was £278 million compared to £298 million a year ago. Adjusted total profit was £217 million or 78.0 pence per diluted share, compared to £232 million or 72.6 pence per diluted share, a year ago. Adjusted Net debt was £200 million compared to £199 million a year ago. For 2015, based on current market conditions and excluding the impact of exchange rate movements, the Group expects to deliver modest organic revenue growth weighted towards the second half with margins slightly lower than in 2014, reflecting the impact of the disposal of Eley and acquisition of Bopp & Reuther by the Critical Engineering division and the ongoing investments the company are making in all businesses as ready them for accelerated long-term growth.

IMI Precision Engineering Announces Earnings Results for the Year Ended December 31, 2014; Provides Earnings Guidance for 2015

IMI Precision Engineering announced earnings results for the year ended December 31, 2014. For the year, after adjusting for the impact of adverse exchange rate movements of £40 million and for acquisitions and disposals, revenues increased 4% on an organic basis. Revenues of £710 million compared to £723 million a year ago, were down 2% on a reported basis. Segmental operating profit at £126 million against £141 million a year ago, was 10% lower on a reported basis and, after adjusting for the impact of adverse exchange rate movements of £8 million, 3% lower on an organic basis. Operating margins improved in the second half of 17.9% while in the full year operating margins at 17.8% were lower reflecting an adverse sales mix and the increased investment to support long-term growth. For 2015, based on the current market environment and lead indicators, the company expects modest organic revenue growth with operating margins at similar levels to 2014. The benefits of stronger market conditions in North America combined with an improved performance in Europe is expected to fund the division's 2015 investments, most notably in Asia, to support the long-term development of the business.

IMI Seeks Acquisitions

IMI plc (LSE:IMI) is seeking acquisitions. Mark Selway, Chief Executive of IMI said, “By the time we get to 2017, we'd like to find a sizeable acquisition for division, but we've got to get it healthy first."

 

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Industry Analysis

IMI

Industry Average

Valuation IMI Industry Range
Price/Earnings 18.7x
Price/Sales -- Not Meaningful
Price/Book 6.9x
Price/Cash Flow 5.1x
TEV/Sales 2.1x
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