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• With 162 years of engineering heritage, IMI helps its customers solve difficult engineering challenges and directly impact everyday life.
• IMI has recently restructured its business, forming five market sector teams with a £23bn total address market.
• It continues to deliver industry-enviable returns on equity (ROE) and free cash flow conversion, yet it remains undervalued.
• The First Half of 2024 results showed strong performance, with revenue rising 5% organically and operating profit surging 19%. 
• The board announced a 10% increase in its dividend and a £100 million share buyback, reconfirming its full-year adjusted earnings per share guidance (£1.2 to £1.26).