IEX Stock - IDEX Corporation
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $3.27B | $3.27B | $3.18B | $2.76B | $2.35B |
| Gross Profit | $1.52B | $1.62B | $1.59B | $1.36B | $1.16B |
| Gross Margin | 46.4% | 49.6% | 50.1% | 49.2% | 49.2% |
| Operating Income | $696.90M | $750.70M | $789.50M | $654.00M | $536.79M |
| Net Income | $505.00M | $596.10M | $586.90M | $449.40M | $377.80M |
| Net Margin | 15.4% | 18.2% | 18.4% | 16.3% | 16.1% |
| EPS | $6.67 | $7.88 | $7.75 | $5.91 | $4.99 |
IDEX Corporation, together with its subsidiaries, provides applied solutions worldwide. The company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST), and Fire & Safety/Diversified Products (FSDP). The FMT segment designs, produces, and distributes positive displacement pumps, small volume provers, flow meters, injectors, and other fluid-handling pump modules and systems, as well as offers flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural, and energy industries. The HST segment designs, produces, and distributes precision fluidics, rotary lobe pumps, centrifugal and positive displacement pumps, roll compaction and drying systems, pneumatic components and sealing solutions, high performance molded and extruded sealing components, custom mechanical and shaft seals, engineered hygienic mixers and valves, biocompatible medical devices and implantables, air compressors and blowers, optical components and coatings, laboratory and commercial equipment, precision photonic solutions, and precision gear and peristaltic pump technologies. This segment serves food and beverage, pharmaceutical and biopharmaceutical, cosmetics, marine, chemical, wastewater and water treatment, life sciences, research, and defense markets. The FSDP segment designs, produces, and distributes firefighting pumps, valves and controls, rescue tools, lifting bags, and other components and systems for the fire and rescue industry; engineered stainless steel banding and clamping devices for various industrial and commercial applications; and precision equipment for dispensing, metering, and mixing colorants and paints used in retail and commercial businesses. IDEX Corporation was incorporated in 1987 and is headquartered in Northbrook, Illinois.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| August 14th 2024 | Argus | Downgrade | Hold | - |
| February 8th 2024 | Stifel | Upgrade | Buy | $265← $215 |
| October 5th 2023 | Exane BNP Paribas | Initiation | Neutral | $200 |
| July 18th 2022 | Stifel | Downgrade | Hold | $188← $229 |
| July 14th 2022 | Oppenheimer | Upgrade | Outperform | $215 |
Earnings History & Surprises
IEXEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 29, 2026 | — | — | — | — |
Q1 2026 | Feb 3, 2026 | $2.04 | — | — | — |
Q4 2025 | Oct 29, 2025 | $1.93 | $2.03 | +5.2% | ✓ BEAT |
Q3 2025 | Jul 30, 2025 | $2.00 | $2.07 | +3.5% | ✓ BEAT |
Q2 2025 | May 1, 2025 | $1.64 | $1.75 | +6.7% | ✓ BEAT |
Q1 2025 | Feb 4, 2025 | $2.03 | $2.04 | +0.5% | ✓ BEAT |
Q4 2024 | Oct 29, 2024 | $1.89 | $1.90 | +0.5% | ✓ BEAT |
Q3 2024 | Jul 31, 2024 | $2.04 | $2.06 | +1.0% | ✓ BEAT |
Q2 2024 | Apr 23, 2024 | $1.76 | $1.88 | +6.8% | ✓ BEAT |
Q1 2024 | Feb 6, 2024 | $1.78 | $1.83 | +2.8% | ✓ BEAT |
Q4 2023 | Oct 25, 2023 | $1.89 | $2.12 | +12.2% | ✓ BEAT |
Q3 2023 | Jul 26, 2023 | $2.11 | $2.18 | +3.3% | ✓ BEAT |
Q2 2023 | Apr 26, 2023 | $2.02 | $2.09 | +3.5% | ✓ BEAT |
Q1 2023 | Jan 31, 2023 | $1.98 | $2.01 | +1.5% | ✓ BEAT |
Q4 2022 | Oct 25, 2022 | $2.00 | $2.14 | +7.0% | ✓ BEAT |
Q3 2022 | Jul 26, 2022 | $1.89 | $2.02 | +6.9% | ✓ BEAT |
Q2 2022 | Apr 26, 2022 | $1.74 | $1.96 | +12.6% | ✓ BEAT |
Q1 2022 | Feb 1, 2022 | $1.58 | $1.55 | -1.9% | ✗ MISS |
Q4 2021 | Oct 26, 2021 | $1.59 | $1.63 | +2.5% | ✓ BEAT |
Q3 2021 | Jul 27, 2021 | $1.62 | $1.61 | -0.6% | ✗ MISS |
Latest News
IDEX Corp Announces The Appointment Of Sean M. Gillen As SVP And CFO, Effective January 5, 2026; Akhil Mahendra, Who Has Served As The Company's Interim CFO, Will Return To His Role As Vice President, Corporate Development
📈 PositiveShares of companies in the broader machinery sector are trading higher. Stocks across sectors are rising after NY Fed President Williams indicated he sees room for a further policy adjustment in the near term.
📈 PositiveRBC Capital Maintains Outperform on IDEX, Lowers Price Target to $195
➖ NeutralIDEX Narrows FY2025 GAAP EPS Guidance from $6.30-$6.44 to $6.35-$6.40 vs $6.41 Est
➖ NeutralIDEX Narrows FY2025 Adj EPS Guidance from $7.85-$7.95 to $7.86-$7.91 vs $7.88 Est
➖ NeutralIDEX Q3 Adj. EPS $2.03 Beats $1.93 Estimate, Sales $878.700M Beat $862.113M Estimate
📈 PositiveIDEX Corp. Increases Share Repurchase Authorization To $1B
📈 PositiveFrequently Asked Questions about IEX
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