Welcome to our dedicated page for IDEX Corporation news (Ticker: IEX), a resource for investors and traders seeking the latest updates and insights on IDEX Corporation stock.
IDEX Corporation (NYSE: IEX) is an integral part of many aspects of modern life. Headquartered in Lake Forest, Illinois, IDEX specializes in manufacturing mission-critical components and systems such as pumps, flow meters, valves, and fluidic systems. These products play essential roles in various industries, including industrial, fire and safety, life sciences, and water management.
Organized into three primary segments—Fluid and Metering Technologies, Health and Science Technologies, and Fire and Safety and Diversified Products—IDEX operates manufacturing facilities in over 20 countries and employs more than 7,000 people. In 2023, the company generated an impressive $3.3 billion in revenue.
IDEX's versatile product offerings include the Band-It® clamp, which can be found in the airbags of many vehicles, and the Hurst Jaws of Life® rescue tool, often used in critical emergency scenarios. Their contributions to the life sciences are noteworthy as well; IDEX's health and science division produces components used in DNA testing equipment. This technology aids doctors in selecting targeted treatments for conditions such as cancer.
Recently, IDEX acquired STC Material Solutions, an advanced materials manufacturer specializing in aerospace, defense, medical, and semiconductor markets. This acquisition underscores IDEX's commitment to expanding its technological capabilities and market reach.
Founded in 1988 with just three small manufacturing companies, IDEX has grown into a global leader with over 50 businesses under its umbrella. The company's high-performing, diverse operations are dedicated to producing trusted solutions that have a meaningful impact on people's lives.
For more information, visit the official IDEX website at www.idexcorp.com.
IDEX Corporation (NYSE: IEX) reported strong financial results for Q3 2022, featuring a record EPS of $2.36, up 56% year-over-year, and record sales of $824 million, a 16% increase. The company's operating margins improved, with a reported margin of 24.5%. Cash from operations reached $198 million, representing 111% of net income. IDEX also announced the acquisition of Muon Group for €700 million, aimed at bolstering its growth strategy. For 2022, the company raised its EPS guidance to $7.75-$7.80, expecting a 12% organic sales growth for the full year.
IDEX Corporation (NYSE:IEX) will host its third quarter earnings conference call on October 26, 2022, at 9:30 a.m. CT. CEO Eric Ashleman and CFO William Grogan will present the financial results and answer questions from investors. The call will be accessible via their website. An audio replay of the conference will be available until November 26, 2022. IDEX has nearly $2.8 billion in sales, operates over 45 businesses, and employs more than 8,000 people globally.
IDEX Corporation (NYSE: IEX) announced the appointment of Katrina L. Helmkamp as Non-Executive Chair of its Board of Directors, effective October 1, 2022. Helmkamp has been an independent director since November 2015 and has extensive global business experience, formerly serving as CEO of Lenox Corporation and as President and CEO of Cartus Corporation. She succeeds William M. Cook, who is retiring after 14 years. The Board's size will decrease from 11 to 10 directors.
IDEX Corporation (NYSE:IEX) has declared a regular quarterly cash dividend of $0.60 per common share, set for payment on October 28, 2022. Shareholders of record as of October 14, 2022 will receive this dividend, marking the company's 112th consecutive quarterly payout. With nearly $2.8 billion in annual sales and a global presence across more than 20 countries, IDEX continues to provide mission-critical components that enhance everyday life.
IDEX Corporation (NYSE:IEX) has entered into a definitive agreement to acquire Muon B.V. for €700 million. Muon Group specializes in micro-precision manufacturing for critical applications in various industries, including medical technology and semiconductor sectors. With projected FY 2022 sales of approximately €140 million and EBITDA margins around 33%, this acquisition aims to enhance IDEX’s precision technology platform and expand synergies within its health and science segment. The deal is anticipated to close in Q4, pending regulatory approvals.
IDEX Corporation (NYSE: IEX) reported a strong second quarter 2022, with EPS rising 35% to $1.81 and a record adjusted EPS of $2.02, up 15% versus Q2 2021. Orders reached $839 million, reflecting a 12% overall increase, while sales grew 16% to $796 million. Operating margin improved to 23.4%. The company raised its full-year EPS guidance to $7.19-$7.29 (GAAP) and $7.88-$7.98 (adjusted). Notably, IDEX successfully completed the acquisition of KZValve, enhancing its agricultural product portfolio.
IDEX Corporation (NYSE: IEX) will host its second quarter earnings conference call on July 27, 2022, at 9:30 a.m. CT. CEO Eric Ashleman and CFO William Grogan will discuss the financial performance and answer investor questions. Interested parties can access the call via the company's website, where a presentation and archive of the event will also be available. IDEX operates over 45 businesses worldwide, generating nearly $2.8 billion in sales and employing more than 7,500 individuals.
IDEX Corporation (NYSE:IEX) appointed Alejandro Quiroz Centeno to its Board of Directors, effective June 15, 2022, increasing the board from 10 to 11 members. Quiroz, currently CEO of Latin America for Prysmian Group, brings extensive experience from previous roles, including President of Aptiv Latin America, where he managed a $5.5 billion business. His background in international manufacturing aligns with IDEX’s strategy as over half of its revenue now comes from outside the United States, aiming to leverage his insights for competitive advantage.
IDEX Corporation (NYSE:IEX) has declared a quarterly cash dividend of $0.60 per common share, payable on July 29, 2022, to shareholders recorded by July 15, 2022. This marks the company's 111th consecutive quarterly cash dividend payment. IDEX operates globally with over 45 businesses and more than 7,500 employees, and reported nearly $2.8 billion in annual sales.
IDEX Corporation (NYSE:IEX) has announced an 11% increase in its quarterly cash dividend to $0.60 per share. This rise marks the company's 110th consecutive quarterly dividend payment. The dividend will be paid on May 27, 2022, to shareholders recorded as of May 17, 2022. With over $2.8 billion in annual sales and more than 7,500 employees, IDEX continues to deliver trusted solutions across various industries.
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