IEX
IDEX Corporation177.19
-1.50-0.84%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
13.34BP/E (TTM)
27.99Basic EPS (TTM)
6.33Dividend Yield
0.02%Recent Filings
8-K
8-K
IDEX Q3 sales hit record
IDEX Corporation reported third-quarter 2025 sales of $879 million, up 10% reported and 5% organically, fueled by the Mott acquisition and price gains, while orders hit a record $880 million, rising 13% reported and 7% organically. Adjusted diluted EPS climbed 7% to $2.03 amid higher interest from Mott debt, yet platform optimizations delivered $60+ million in annual savings. Full-year adjusted EPS guidance narrowed to $7.86-$7.91. Acquisitions like Micro-LAM for $80.7 million bolster growth, but macroeconomic uncertainty looms.
10-Q
Q3 FY2025 results
IDEX Corporation posted solid Q3 results, with net sales climbing 10% year-over-year to $878.7 million, fueled by 5% organic growth and the Mott acquisition's tailwind, while gross margin edged up to 44.5% on productivity gains and pricing. Operating income rose 11% to $185.8 million, though YTD it held steady at $515.7 million amid restructuring costs; diluted EPS hit $1.70, up 8%, reconciling cleanly with 75.2 million shares. Cash from operations reached $470.9 million YTD, yielding $427.0 million in free cash flow after $43.9 million capex, bolstering $593.8 million in cash against $1.9 billion total debt and $486.8 million revolver availability. The July 2025 Micro-LAM buy added $36.9 million goodwill and $44.8 million intangibles amortized over 11-15 years, enhancing optics capabilities. Yet pricing pressures from competitors could squeeze margins further.
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.
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