earnings
confidence high
sentiment positive
materiality 0.80
IDEX Q2 EPS $1.81 beats; adjusted EPS $2.02; raises FY22 guidance
IDEX CORP /DE/
2022-Q2 EPS reported
$3.65
revenue$1,547,200,000
- GAAP EPS $1.81 (up 35% YoY); adjusted EPS $2.02 (up 15%); revenue $796M (+16% overall, +12% organic).
- FY22 GAAP EPS guidance raised to $7.19-$7.29 from $6.87-$7.00; adjusted EPS raised to $7.88-$7.98 from $7.50-$7.63.
- Acquired KZValve for $120.2M cash on May 2, 2022, expanding agricultural fluid management portfolio.
- Repurchased 475K shares in Q2; dividend increased 11%.
- Segment: FMT operating margin 27.7% (+240bps); HST 26.5% (-110bps); Fire/Safety 23.3% (-330bps).