IDEX Q1 sales $801M, -6% organic; adj. EPS $1.88 beats; FY guidance held

IDEX CORP /DE/

2024-Q1 EPS reported $1.60 revenue$800,500,000

Reported diluted EPS $1.60 (-13% YoY); adjusted EPS $1.88 (-10%), above expectations.
Organic sales -6% driven by HST segment (-13%); FMT -3%, FSDP +2%.
Operating cash flow $157M (+6%); free cash flow $137M (+13%).
FY2024 outlook: organic sales 0-2% growth; GAAP EPS $7.13-$7.43; adjusted $8.15-$8.45.
Q2 guidance: organic sales -2% to -3%; adjusted EPS $2.00-$2.05.

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 0.9

IDEX CORP /DE/ reported full year 2024 results: EPS $7.13 - $7.43. Guidance reaffirmed.

Period: full year 2024
EPS: $7.13 - $7.43
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

Full year GAAP diluted EPS of $7.13 - $7.43 (adjusted diluted EPS of $8.15 - $8.45)

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

IDEX CORP /DE/ reported the three-month period ended March 31, 2024 results: revenue $801 million, net income $121.4 million, EPS $1.60.

Period: the three-month period ended March 31, 2024
Revenue: $801 million
Net income: $121.4 million
EPS: $1.60
Result: reported results

Exact text from the filing

First Quarter 2024 Highlights (All comparisons are against the first quarter of 2023 unless otherwise noted) • Sales of $801 million, down 5% overall and 6% organically, in line with expectations • Reported diluted EPS of $1.60, down 13%, and adjusted diluted EPS of $1.88, down 10%, exceeding first quarter expectations

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

IDEX CORP /DE/ reported second quarter 2024 results: EPS $1.75 - $1.80. Guidance initiated.

Period: second quarter 2024
EPS: $1.75 - $1.80
Guidance: initiated
Result: guidance update

Exact text from the filing

Second quarter GAAP diluted EPS of $1.75 - $1.80 (adjusted diluted EPS of $2.00 - $2.05)

View on SEC.gov

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

IDEX CORP /DE/ filing history →

Source: SEC EDGAR

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