IDEX Corporation
173.40+6.45 (+3.86%)
Oct 29, 4:00:02 PM EDT · NYSE · IEX · USD
Key Stats
Market Cap
13.05BP/E (TTM)
27.48Basic EPS (TTM)
6.31Dividend Yield
0.02%Recent Filings
10-Q
8-K
8-K
IDEX boosts buyback to $1B
IDEX Corporation's board boosted its share repurchase authorization by $635 million on September 17, 2025, lifting total capacity to $1 billion from $365 million remaining. This move signals strong faith in the growth strategy, backed by robust free cash flow, with plans to return at least 70% to shareholders in 2025 via dividends and buybacks. The company has already repurchased over $100 million in the first half. Yet economic uncertainties could sway execution.
10-Q
Q2 FY2025 results
IDEX posted solid Q2 results with net sales hitting $865.4 million, up 7% year-over-year and 4% quarter-over-quarter (derived), fueled by the Mott acquisition while organic growth edged 1% higher on pricing strength. Gross margin held steady at 45.3%, but operating income dipped to $187.9 million from $182.7 million y/y amid higher SG&A and restructuring costs, with diluted EPS at $1.74 down 6% y/y yet aligning neatly with 75.5 million shares. Free cash flow came in at $238.3 million for the half-year, backed by $568.2 million in cash and $540.6 million revolver availability, while total debt stood at $1,857.9 million including a $256.6 million draw. The July 2025 Micro-LAM buy for $90 million cash plus up to $12 million earnout bolsters optics tech in HST. Restructuring hit $18.2 million y/y, mainly severance for streamlining. Still, pricing pressures from tariffs loom large.
8-K
IDEX Q2 sales up 7%
IDEX Corporation reported Q2 2025 sales of $865 million, up 7% year-over-year with 1% organic growth, driven by the Mott acquisition while organic orders rose 2%. Adjusted diluted EPS held flat at $2.07, but GAAP EPS dipped to $1.74 amid higher interest and amortization costs. The company lowered full-year adjusted EPS guidance to $7.85-$7.95 on muted order trends in a cautious macro environment. Acquisitions like Micro-LAM for $90 million bolster long-term optics capabilities. Volatility persists in end markets.
IPO
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