IDEX Q3 record EPS $2.36 (adjusted $2.14), sales $824M +16%, raises FY guidance

IDEX CORP /DE/

2022-Q3 EPS reported $6.00 revenue$2,371,200,000

Record Q3 sales $824M (+16% overall, +15% organic YoY); operating margin 24.5% (adj. 24.9%).
Record EPS $2.36 (adj. $2.14), up 56%/20% YoY; cash from ops $198M, free cash flow $182M.
FY2022 guidance raised: GAAP EPS $7.75–$7.80, adj. EPS $8.04–$8.09; organic sales growth ~12%.
Acquired Muon Group for €700M (closing expected Q4 2022); completed sale of Knight for $49.4M.
Exited COVID-19 testing application: $16.8M impairment, $17.9M deferred revenue acceleration (net $1.1M).

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