IDEX(IEX)
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IDEX(IEX) - 2022 Q2 - Quarterly Report
2022-07-27 17:51
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-10235 IDEX CORPORATION (Exact Name of Registrant as Specified in its Charter) Delaware 36-3555336 (State or other jurisdicti ...
IDEX(IEX) - 2022 Q2 - Earnings Call Presentation
2022-07-27 17:37
Second Quarter 2022 Earnings July 27, 2022 Fluid & Metering Health & Science Fire & Safety / Diversified Trusted Solutions, Improving Lives™ Agenda IDEX Business Overview Q2 2022 Financial Performance Segment Performance 2022 Guidance Summary Q&A 2 IDEX Proprietary & Confidential Replay Information • International: 201.612.7415 • Dial toll–free: 877.660.6853 • Conference ID: #13724804 • Log on to: www.idexcorp.com 3 IDEX Proprietary & Confidential Cautionary Statement Cautionary Statement Under the Private ...
IDEX(IEX) - 2022 Q1 - Earnings Call Transcript
2022-04-27 21:02
Financial Data and Key Metrics Changes - Q1 2022 orders reached $856 million, up 20% overall and 16% organically, with a backlog increase of $105 million [18] - Q1 sales were $751 million, up 15% overall and 12% organically, with gross margin expanding by 70 basis points to 45.6% [18][19] - Adjusted EPS for Q1 was $1.96, a 21% increase from the prior year [20] Business Line Data and Key Metrics Changes - Fluid & Metering Technologies (FMT) segment saw organic growth of 14% in orders and 11% in sales, with adjusted operating margin expanding by 300 basis points [26] - Health & Science Technology (HST) segment experienced organic orders growth of 21% and sales growth of 16%, with adjusted operating margin contracting by 40 basis points [29] - Fire, Safety and Diversified Products (FSD) segment had organic growth of 12% in orders and 5% in sales, with adjusted operating margin contracting by 340 basis points [32] Market Data and Key Metrics Changes - The energy market is improving, supported by higher oil prices and increased funnel activity, despite supply chain constraints [28] - The agriculture sector is performing well due to strong global crop demand and higher prices, with optimism for infrastructure funding in the second half of the year [27] - The semiconductor market continues to see broad-based growth tied to wafer production and quality inspection [30] Company Strategy and Development Direction - M&A remains a key priority, with recent acquisitions including KZValve and Nexsight to enhance capabilities in precision agricultural and industrial applications [13][14] - The company is focused on long-term sustainable growth through modest resource investments and productivity initiatives [16] - The company aims to leverage its differentiated product portfolio to capture pricing opportunities amid rising material and freight costs [11] Management's Comments on Operating Environment and Future Outlook - The operating environment remains challenging due to geopolitical disruptions and supply chain constraints, but the company is confident in its ability to adapt and deliver [11] - For Q2 2022, the company projects organic revenue growth of 8% to 9% and operating margin between 23% and 23.5% [36] - Full-year organic revenue growth is expected to be 6% to 8%, with potential risks from geopolitical events and supply chain issues [37] Other Important Information - Free cash flow for Q1 was $64 million, approximately 43% of adjusted net income, impacted by increases in working capital [21] - The company repurchased approximately 148,000 shares for $28 million, indicating a disciplined approach to capital deployment [15] Q&A Session Summary Question: Demand and Project Hesitancy - Demand remains strong across sectors, but larger projects are facing hesitancy due to resource availability and planning complexities [44] Question: Margin Sustainability - FMT margins improved due to throughput and operational efficiency, with expectations for continued performance [46] Question: Supply Chain Impact on Guidance - The company is cautious about supply chain constraints affecting output, but sees potential upside if conditions improve [53] Question: Capital Deployment and Acquisitions - The company remains aggressive in acquisitions, focusing on high-quality assets with steady growth potential [56] Question: Growth Investments - Investments are focused on engineering resources and commercial initiatives to drive long-term growth [65] Question: Pricing and Cost Management - The company has been aggressive in pricing strategies to manage inflation and maintain margins [70] Question: Energy and Food Production Challenges - The company sees opportunities in energy and food production sectors due to global disruptions [88] Question: Backlog and Inflation Protection - The company has evolved terms to pass on inflation costs, protecting margins in the backlog [91]
IDEX(IEX) - 2022 Q1 - Quarterly Report
2022-04-27 16:58
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Table of Contents Commission file number 1-10235 IDEX CORPORATION (Exact Name of Registrant as Specified in its Charter) Delaware 36-3555336 (State or other jurisdict ...
IDEX Corporation (IEX) Presents at the Citi Global Industrial Tech and Mobility Conference - Slideshow
2022-03-06 15:13
IDEX Proprietary & Confidential Trusted Solutions, Improving Lives™ Citi Global Industrial Tech and Mobility Conference February 22, 2022 Click to edit Master title style Cautionary Statement Under the Private Securities Litigation Reform Act; Non-GAAP Measures SAFE HARBOR STATEMENT This presentation and discussion will include "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements may relate to, among other things, the Company's ...
IDEX(IEX) - 2021 Q4 - Annual Report
2022-02-24 18:47
For the transition period from to Commission file number 1-10235 IDEX CORPORATION (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (State or other jurisdiction of incorporation or organization) 3100 San ...
IDEX(IEX) - 2021 Q4 - Earnings Call Presentation
2022-02-03 05:34
Financial Performance - IDEX reported record financial results with strong rebound in demand and margin expansion despite inflationary environment[6] - Q4 2021 sales reached $715 million, a 16% increase, with 11% organic growth[10,31] - Full year 2021 sales were $2765 million, an 18% increase, with 12% organic growth[10,31] - Adjusted earnings per share for Q4 2021 were $171, compared to $137 in Q4 2020[10,37] - Adjusted earnings per share for full year 2021 were $687, compared to $519 in full year 2020[10,37] - Free cash flow for full year 2021 was $493 million, a decrease of 5%[10] Segment Performance - Fluid & Metering Technology (FMT) full year 2021 revenue was $999 million, representing 36% of total revenue[8] - Health & Science Technology (HST) full year 2021 revenue was $1122 million, representing 41% of total revenue[8] - Fire & Safety/Diversified Products (FSDP) full year 2021 revenue was $648 million, representing 23% of total revenue[8] 2022 Guidance - The company anticipates full year 2022 reported revenue growth of 6-9% and organic revenue growth of 5-8%[15] - Full year 2022 adjusted EPS is estimated to be in the range of $733-$763[15]
IDEX(IEX) - 2021 Q4 - Earnings Call Transcript
2022-02-02 23:07
IDEX Corporation (NYSE:IEX) Q4 2021 Earnings Conference Call February 2, 2022 10:30 AM ET Company Participants Eric Ashleman – Chief Executive Officer Allison Lausas – Vice President and Chief Accounting Officer Bill Grogan – Chief Financial Officer Conference Call Participants Allison Poliniak – Wells Fargo Mike Halloran – Robert W. Baird Deane Dray – RBC Capital Markets Rob Wertheimer – Melius Research Nathan Jones – Stifel Matt Summerville – D.A. Davidson Andrew Buscaglia – Birenberg Connor Lynagh – Morg ...
IDEX(IEX) - 2021 Q3 - Earnings Call Transcript
2021-10-27 21:17
IDEX Corporation (NYSE:IEX) Q3 2021 Results Earnings Conference Call October 27, 2021 10:30 AM ET Company Participants Allison Lausas - Vice President and Chief Accounting Officer Eric Ashleman - CEO Bill Grogan - CFO Conference Call Participants Nathan Jones - Stifel Deane Dray - RBC Capital Markets Mike Halloran - Robert W. Baird Matt Summerville - D.A. Davidson Allison Poliniak - Wells Fargo Rob Wertheimer - Melius Research Vlad Bystricky - Citigroup Operator Greetings. And welcome to the IDEX Corporatio ...
IDEX(IEX) - 2021 Q3 - Quarterly Report
2021-10-27 15:53
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-10235 IDEX CORPORATION (Exact Name of Registrant as Specified in its Charter) Delaware 36-3555336 (State or other juris ...