secwatch.observer — SEC 8-K summary
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Issuer:     IDEX CORP /DE/ (IEX)
CIK:        0000832101
Form:       8-K
Filed at:   2022-12-16T23:59:59+00:00
Accession:  0000832101-22-000066
Event type: other
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IDEX changes segment profit measure from operating income to Adjusted EBITDA effective Q4 2022
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- New measure is Adjusted EBITDA, defined as EBITDA before certain non-recurring items; effective quarter ending Dec 31, 2022.
- Change aligns with how CODM allocates resources and evaluates business performance, per ASC 280.
- Does not revise any previously reported consolidated financial statements; restated segment data for 2021 and 2022 furnished in Exhibit 99.1.
- Adjusted EBITDA adjustments include fair value step-up, restructuring, asset impairments, pension termination, and COVID-19 testing exit.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/832101/000083210122000066/0000832101-22-000066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/832101/000083210122000066/iex-20221216.htm
  HTML page:      https://secwatch.observer/filing/0000832101-22-000066

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer