---
schema_version: "secwatch.filing_event.v1"
accession: "0000832101-23-000032"
form_type: "8-K"
ticker: "IEX"
cik: "0000832101"
company_name: "IDEX CORP /DE/"
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-13T01:35:46.368424+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# IDEX reports record Q2 sales $846M; lowers FY adjusted EPS guidance to $7.90-$8.00 on HST weakness

## Summary
- Record Q2 sales $846.2M (+6% overall, +3% organic); reported EPS $1.82, adj. EPS $2.18 (+8%).
- FY2023 guidance lowered: organic sales decline 1-2%, GAAP EPS $6.80-$6.90, adj. EPS $7.90-$8.00.
- HST segment organic sales -6%, Adj. EBITDA margin -420bps to 27.6%; CEO sees no H2 recovery.
- Completed Iridian acquisition for $110.3M cash; issued $100M 5.13% senior notes due 2028.
- Operating cash flow $141.2M (+26%), free cash flow $119.6M (+24%).

## SEC filing metadata
- accession: 0000832101-23-000032
- form_type: 8-K
- ticker: IEX
- cik: 0000832101
- company_name: IDEX CORP /DE/
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/832101/000083210123000032/0000832101-23-000032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/832101/000083210123000032/iex-20230726.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000832101-23-000032
- JSON: https://secwatch.observer/filing/0000832101-23-000032.json
- Plain text: https://secwatch.observer/filing/0000832101-23-000032.txt

## Key facts
- Earnings Releases
  IDEX CORP /DE/ reported the three months ended June 30, 2023 results: revenue $846.2 million, net income $138.6 million, EPS $1.82. Guidance lowered.
  - Period: the three months ended June 30, 2023
  - Revenue: $846.2 million
  - Net income: $138.6 million
  - EPS: $1.82
  - Guidance: lowered
  - Result: reported results
  source text: IN RESPONSE TO SOFTENING SECOND HALF OUTLOOK Second Quarter 2023 Highlights (All comparisons are against the second quarter of 2022 unless otherwise noted) • Record sales of $846.2 million, up 6% overall and 3% organically • Reported EPS of $1.82, up 1% and record adjusted EPS of $2.18, up 8% • Strong operating cash flow of $141 million, up 26%; free cash flow of
  evidence_url: https://www.sec.gov/Archives/edgar/data/832101/000083210123000032/0000832101-23-000032-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.