IDEX(IEX)

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IDEX (IEX) to Benefit From Business Strength Amid Headwinds
ZACKS· 2024-06-13 12:16
分组1 - The company is committed to rewarding shareholders through dividends and share buybacks, with $48.5 million in dividends paid in Q1 2024 and a total of $190.7 million in 2023, alongside $24.2 million in stock repurchases [1] - A 7.8% increase in the quarterly dividend rate was announced in May 2024 [1] 分组2 - The Health & Science Technologies (HST) segment experienced a revenue decline of 12% in Q1 2024, following an 11% decline in the previous quarter, raising concerns about market softness [2] - IDEX Corporation (IEX) reported a 2% year-over-year revenue increase in its Fire & Safety/Diversified Products (FSDP) segment in Q1 2024, driven by strong demand from industrial and municipal markets [4] - IEX's overall organic revenue growth is expected to be between 0-2% in 2024 [4] 分组3 - IEX acquired STC Material Solutions for $206 million in December 2023 to enhance its expertise in material sciences [5] - The company has faced escalating operating expenses, with selling, general, and administrative expenses rising 2.8% year-over-year in Q1 2024, increasing as a percentage of sales to 24.4% [6] 分组4 - Crane Company (CR) has a trailing four-quarter average earnings surprise of 15.2% and a Zacks Rank of 2 (Buy) [7] - The Zacks Consensus Estimate for CR's 2024 earnings has increased by 4% in the past 60 days [8] - Ingersoll Rand Inc. (IR) also holds a Zacks Rank of 2, with a trailing four-quarter earnings surprise of 12.9% [8][9] 分组5 - IEX's acquisition of Iridian Spectral in May 2023 and the Muon Group buyout in November 2022 are expected to enhance its optical technology offerings and highly-engineered solutions, respectively, with anticipated sales synergies of approximately 1% in 2024 [10] - The company has seen an 8.4% decline in the past month, compared to the industry's 5.2% decline [11] 分组6 - Applied Industrial Technologies, Inc. (AIT) currently has a Zacks Rank of 1 (Strong Buy) [12]
Notice of IDEX Biometrics extraordinary general meeting on 19 June 2024
globenewswire.com· 2024-05-29 13:34
Company Information - IDEX Biometrics ASA is a global technology leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [3] - The company's biometric solutions are built on patented sensor technologies, integrated circuit designs, and software, targeting card-based applications for payments and digital authentication [3] - IDEX partners with leading card manufacturers and technology companies to bring its biometric solutions to market [3] Meeting Announcement - An extraordinary general meeting will be held on June 19, 2024, at 12:00 CET as an online meeting, with no physical attendance option [1] - The meeting is in accordance with the private placement completed on May 15, 2024 [1] - Shareholders will receive a notice with an attendance form, which is also available in a PDF file [1][2] Contact Information - For further inquiries, Marianne Bøe is the Head of Investor Relations, reachable via email at marianne.boe@idexbiometrics.com or by phone at +47 918 00186 [3]
Disclosure of shareholding in IDEX Biometrics - 29 May 2024
globenewswire.com· 2024-05-29 09:30
Company Overview - IDEX Biometrics ASA is a global technology leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [3] - The company's biometric solutions are built on patented sensor technologies, integrated circuit designs, and software, targeting card-based applications for payments and digital authentication [3] Recent Developments - On May 15, 2024, IDEX Biometrics ASA conducted a private placement of 33.3 million new shares [1] - Mr. Robert Keith lent 17,940,213 shares for the settlement of tranche 1 of the private placement, which have since been returned [2] - After the return of the shares, Mr. Keith and close relations hold 34,710,479 shares, representing 11.3% of the total outstanding shares and votes in IDEX Biometrics [2]
Registration of share capital increase in IDEX Biometrics 24 May 2024
globenewswire.com· 2024-05-24 08:30
Group 1 - The company has completed a private placement of 33.3 million shares at NOK 1.65 per share, which is divided into two tranches [1] - The share capital after the private placement is NOK 46,210,015.20, divided into 308,066,768 shares, each with a nominal value of NOK 0.15 [1] - The first tranche of the private placement has been registered, and the shares will be delivered soon [1] Group 2 - IDEX Biometrics ASA is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [2] - The company's biometric solutions are based on patented sensor technologies and target card-based applications for payments and digital authentication [2] - IDEX Biometrics partners with leading card manufacturers and technology companies to bring its solutions to market [2]
Disclosure of shareholding in IDEX Biometrics - 21 May 2024
globenewswire.com· 2024-05-21 21:30
Group 1 - IDEX Biometrics ASA conducted a private placement of 33.3 million new shares, with Tranche 1 comprising 27.9 million shares [1] - Mr. Robert Keith subscribed for 3,619,380 shares in Tranche 1 and lent 17,940,213 shares for the settlement of the private placement [2] - After the share lending, Mr. Keith and close relations hold 16,770,266 shares, representing 5.4% of the total outstanding shares in IDEX Biometrics [2] Group 2 - IDEX Biometrics ASA is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [3] - The company's biometric solutions are based on patented sensor technologies and target card-based applications for payments and digital authentication [3] - IDEX Biometrics partners with leading card manufacturers and technology companies to bring its solutions to market [3]
IDEX Biometrics – Number of shares in Tranche 1 vs Tranche 2 in the private placement on 15 May 2024
globenewswire.com· 2024-05-20 21:52
Core Viewpoint - IDEX Biometrics ASA announced a correction regarding the allocation of shares in a private placement, detailing the accurate numbers for Tranche 1 and Tranche 2 shares [2][4]. Group 1: Share Allocation Details - The correct number of Tranche 1 shares is 27,940,213, and the correct number of Tranche 2 shares is 5,393,120, each with a par value of NOK 0.15 and a subscription price of NOK 1.65 per share [3]. - Following the issuance of Tranche 1 shares, the Company's share capital increased by NOK 4,191,031.95, raising it from NOK 42,018,983.25 to NOK 46,210,015.20, resulting in a total of 308,066,768 shares issued and outstanding [3]. Group 2: Company Overview - IDEX Biometrics ASA is a global technology leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [5]. - The company's biometric solutions are built on patented sensor technologies and target card-based applications for payments and digital authentication, partnering with leading card manufacturers and technology companies [5].
Here's Why Hold Strategy is Apt for IDEX (IEX) Stock Now
zacks.com· 2024-05-16 16:10
IDEX Corporation (IEX) has been benefiting from strong momentum in the Fire & Safety/Diversified Products (FSDP) segment and accretive acquisitions despite weakness in the Health & Science Technologies (HST) unit, the rising cost of sales and forex woes. Let us discuss the factors why investors should retain the stock for the time being. Growth Catalysts Business Strength: IDEX is benefiting from the strong performance of the FSDP segment, driven by increasing orders from industrial and municipal markets. T ...
Annual general meeting in IDEX Biometrics held on 16 May 2024
globenewswire.com· 2024-05-16 11:00
Group 1 - IDEX Biometrics ASA held its annual general meeting on May 16, 2024, with 95.3 million shares, representing 34% of the capital, present at the meeting [1] - All resolutions proposed by the board and nomination committee were passed [1] - The newly elected board includes Chair Morten Opstad and board members Annika Olsson and Adriana Saitta [1] Group 2 - IDEX Biometrics ASA is a global technology leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [2] - The company's biometric solutions are built on patented sensor technologies, integrated circuit designs, and software, targeting card-based applications for payments and digital authentication [2] - IDEX partners with leading card manufacturers and technology companies to bring its solutions to market [2]
IDEX Biometrics nomination committee proposal to 2024 annual general meeting
globenewswire.com· 2024-05-16 08:04
Corporate Restructuring - IDEX Biometrics is restructuring its organization to consolidate development and business operations primarily in the UK and the EU/EEA, aiming to reduce costs [1] - The nomination committee proposes to reduce the size of the board of directors to a total of three members [1] Board Composition - Mr. Morten Opstad is proposed to continue as chair of the board for a second year, while Ms. Annika Olsson and Ms. Adriana Saitta are proposed to continue as board members for a two-year term [1] Nomination Committee - The nomination committee proposes the reelection of Mr. Håvard Nilsson as a member for a two-year term, with Mr. Robert N. Keith continuing as chair for the second year of his term, and Mr. Harald Voigt continuing as a member for the second year [2] Remuneration - The board remuneration and remuneration for the nomination committee will remain the same as the previous year, but will be reduced by 50% for committee chair and membership following the delisting from Nasdaq Capital Markets [3]
IDEX Biometrics Webcast Presentation 16 May 2024
globenewswire.com· 2024-05-16 06:45
Group 1 - IDEX Biometrics will present its interim report for Q1 2024 via a webcast on May 16, 2024, at 09:00 CET, featuring CEO Vince Graziani and COO Catharina Ekløf [1] - The webcast presentation can be accessed through a specific link, and the presentation file is available on the company's investor relations website [1] - IDEX Biometrics ASA is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [2][3] Group 2 - The company's solutions utilize patented sensor technologies, integrated circuit designs, and software, focusing on card-based applications for payments and digital authentication [2] - IDEX Biometrics collaborates with leading card manufacturers and industry experts to market its solutions [2]