secwatch.observer — SEC 8-K summary
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Issuer:     IDEX CORP /DE/ (IEX)
CIK:        0000832101
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0000832101-23-000032
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/832101/000083210123000032/0000832101-23-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/832101/000083210123000032/iex-20230726.htm
  HTML page:      https://secwatch.observer/filing/0000832101-23-000032

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