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IDEX (IEX) Earnings Call Presentation
2025-06-24 08:45
Company Overview - IDEX is a manufacturer of highly engineered components, providing innovative solutions for challenging applications[8] - In 2024, IDEX reported revenue of $3.3 billion, adjusted EBITDA of $874 million, and free cash flow of $603 million[10] - The company operates through three segments: Health & Science Technologies (HST), Fluid & Metering Technologies (FMT), and Fire & Safety/Diversified Products (FSDP)[9, 10] Segment Performance (2024) - Health & Science Technologies (HST) had sales of $1.3 billion, representing approximately 39% of total segment sales, with an adjusted EBITDA margin of 27%[9, 22] - Fluid & Metering Technologies (FMT) had sales of $1.233 billion with an adjusted EBITDA margin of 33%[30] - Fire & Safety/Diversified Products (FSDP) had sales of $0.7 billion, about 23% of total segment sales, with an adjusted EBITDA margin of 29%[9, 22] Financial Performance & Growth - IDEX deployed approximately $3 billion in capital on M&A in the last 5 years[41, 66] - The company is targeting higher-growth markets and accelerating commercial & operational integration across platforms[37] - In 2024, the adjusted diluted EPS attributable to IDEX was $7.89[58, 74] Financial Flexibility - In 2024, the free cash flow was $603 million, representing a 101% conversion rate[10, 60, 61]