IDEX reports record Q1 EPS $1.83 (adj. $1.96); sales $751M +15% YoY

IDEX CORP /DE/

2022-Q1 EPS reported $1.83 revenue$751,100,000

Record reported EPS $1.83, up 24% YoY; adjusted EPS $1.96, up 21% vs. Q1 2021.
Record sales $751M, +15% overall (+12% organic); orders $856M, +20% (+16% organic).
Operating margin 25.0% (+110bps); adjusted EBITDA margin 28.6% (+90bps).
Completed Nexsight acquisition ($114.7M) on Feb 28; announced KZValve deal ($120M), expected close Q2 2022.
FY 2022 guidance: organic sales growth 6-8%; adjusted EPS $7.50-$7.63. Q2: adj. EPS $1.85-$1.90.

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