IDEX Q3 adjusted EPS $2.12, revenue $793M; raises FY EPS guidance to $8.13-$8.18

IDEX CORP /DE/

2023-Q3 EPS reported $6.42 revenue$2,485,000,000

Q3 net sales $793.4M, down 4% (-6% organic); diluted GAAP EPS $2.75, up 17% YoY.
Adjusted diluted EPS $2.12, down 1% YoY; adjusted EBITDA margin 28.4%, down 30 bps.
Raises FY 2023 GAAP EPS guidance to $7.91-$7.96 and adjusted EPS to $8.13-$8.18.
Record free cash flow $207M, up 14% YoY; operating cash flow $227M.
Completed sale of Micropump for $110M cash, pre-tax gain $93.8M; repaid $150M debt.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

IDEX CORP /DE/ reported the three month period ended September 30, 2023 results: revenue $793.4 million, net income $209.1 million, EPS $2.75. Guidance raised.

Period: the three month period ended September 30, 2023
Revenue: $793.4 million
Net income: $209.1 million
EPS: $2.75
Guidance: raised
Result: reported results

Exact text from the filing

THIRD QUARTER RESULTS AND RAISES FULL YEAR GUIDANCE Third Quarter 2023 Highlights (All comparisons are against the third quarter of 2022 unless otherwise noted) • Sales of $793.4 million, down 4% overall and 6% organically • Reported diluted EPS of $2.75, up 17%, and adjusted diluted EPS of $2.12, down 1%, included a lower effective tax rate • Strong operating

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

IDEX CORP /DE/ reported Fourth quarter 2023 results: EPS $1.50 - $1.55.

Period: Fourth quarter 2023
EPS: $1.50 - $1.55
Result: guidance update

Exact text from the filing

Fourth quarter 2023 organic sales are projected to decline 8% to 9% over the prior year period, with GAAP diluted EPS of $1.50 - $1.55 (adjusted diluted EPS of $1.74 - $1.79).

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

IDEX CORP /DE/ reported Full year 2023 results: EPS $7.91 - $7.96. Guidance raised.

Period: Full year 2023
EPS: $7.91 - $7.96
Guidance: raised
Result: guidance update

Exact text from the filing

Full year GAAP EPS guidance raised to $7.91 to $7.96 from prior guidance of $6.80 to $6.90

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44 earnings releases filed in the last 30 days. Browse all earnings releases →

IDEX CORP /DE/ filing history →

Source: SEC EDGAR

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