IDEX (IEX) Q1 Earnings Surpass Estimates, Revenues Down Y/Y

IDEX Corporation’s (IEX) first-quarter 2024 adjusted earnings of $1.88 per share surpassed the Zacks Consensus Estimate of$1.75. The bottom line decreased approximately 10.1% from the year-ago quarter’s figure of $2.09. However, it exceeded management’s projection of$1.70-$1.75 per share.Revenue DetailsIn the quarter under review, IDEX’s net sales of$800.5 million underperformed the Zacks Consensus Estimate of $805 million.  The top line also decreased 5.3% year over year. Organic sales in the quarter de ...