IMI (LSE:IMI) reconfirmed full-year guidance after a strong first quarter and said it remains on track to deliver its sixth consecutive year of mid-single-digit organic revenue growth in 2026.
The group reported first-quarter organic revenue up 5% year-on-year for the period 1 January to 31 March, with statutory revenue 6% higher reflecting foreign exchange movements.
Automation, which accounted for 65% of 2025 sales, delivered 6% organic growth with Process Automation up 6% (total orders down 2% organically and aftermarket orders down 1% after large nuclear awards in the prior-year quarter) and Industrial Automation up 6% following an easier comparator; Life Technology, 35% of 2025 sales, rose 4% with Climate Control +4%, Life Science & Fluid Control +1% and Transport +9% while a strategic review of Transport continues.
The company said the Middle East, which represented 6% of 2025 revenue principally in Process Automation, caused disruption in Q1 and guidance assumes planned shipments to the region are delivered by year-end.
At exchange rates on 1 May (US$1.36, €1.16) IMI expects no material full-year impact on revenue and adjusted operating profit versus 2025 and reiterated adjusted basic earnings per share guidance of 136p-142p.
"We are pleased to be reconfirming our full‑year guidance and remain on track to deliver our sixth consecutive year of mid‑single-digit organic revenue growth in 2026," said Roy Twite.
IMI will present half-year results for the period ending 30 June on 31 July.
