secwatch.observer — SEC 8-K summary
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Issuer:     IDEX CORP /DE/ (IEX)
CIK:        0000832101
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0000832101-24-000013
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/832101/000083210124000013/0000832101-24-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/832101/000083210124000013/iex-20240423.htm
  HTML page:      https://secwatch.observer/filing/0000832101-24-000013

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