secwatch.observer — SEC 8-K summary
======================================

Issuer:     IDEX CORP /DE/ (IEX)
CIK:        0000832101
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0000832101-24-000053
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IDEX Q3 adj EPS $1.90; sales flat organic; full-year GAAP EPS guidance lowered to $6.65-$6.70
--------------------------------------------------------------------------------

- GAAP diluted EPS $1.57 vs $2.75 prior year; adjusted diluted EPS $1.90 vs $2.12, down 10%.
- Total sales $798M, up 1% as reported, flat organic; FMT +2%, HST -5%, FSDP +4% organic.
- Completed Mott acquisition for ~$900M net (19x 2024 EBITDA); closed $500M 4.950% senior notes due 2029.
- FY2024 guidance: organic sales decline 1-2%; GAAP EPS $6.65-$6.70 (down from $6.85-$6.95), adj EPS unchanged $7.85-$7.90.
- Operating cash flow $205M (172% of net income); free cash flow $192M (133% of adj net income).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/832101/000083210124000053/0000832101-24-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/832101/000083210124000053/iex-20241029.htm
  HTML page:      https://secwatch.observer/filing/0000832101-24-000053

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