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 2021, with record orders of $774.2 million, a 36% increase year-over-year, and sales of $712.0 million, up 23%. The operating margin was 22.6% and adjusted operating margin was 24.3%. Earnings per share (EPS) reached a record $1.51, with adjusted EPS at $1.63, a 16.4% increase from the prior year. Full-year adjusted EPS guidance has been narrowed to $6.30 to $6.33. The company expects 9-10% organic sales growth in Q4.
IDEX Corporation (NYSE: IEX) has formed a national partnership with the Boys & Girls Clubs of America through the IDEX Foundation, enabling expanded local volunteer opportunities for IDEX employees. This collaboration aligns with IDEX's new charitable focus on equity and opportunity for under-served communities. It aims to empower young individuals while supporting local Clubs financially and through volunteerism. The IDEX Foundation, which supports numerous charitable initiatives, enhances community engagement.
IDEX Corporation (NYSE:IEX) has scheduled its third quarter earnings conference call for October 27, 2021 at 9:30 a.m. CT. CEO Eric Ashleman and CFO William Grogan will discuss the company’s financial performance and take questions from investors. Interested participants can access the call via the company's website, where presentation slides will also be available. A replay of the call will be accessible until November 27, 2021 through designated phone lines.
IDEX Corporation (NYSE:IEX) has declared a quarterly cash dividend of
NACD honored IDEX Corporation's Non-Executive Chairman, William M. Cook, as the “Public Company Director of the Year.” This award recognizes exemplary directors who enhance corporate governance. IDEX CEO, Eric D. Ashleman, praised Cook's sound judgment and ability to foster critical decision-making. The award ceremony will take place during the NACD Directorship Awards Virtual Gala on November 9, 2021. IDEX, a global company with over $2.5 billion in revenue, is known for producing mission-critical components across various industries.
IDEX Fire & Safety has introduced the SAM Smart Nozzle featuring N2P Technology, enhancing their SAM™ automated flow control system. This innovative nozzle allows firefighters to control water flow and access crucial information directly at the fire scene, improving response speed and safety. The SAM System, launched in 2019, integrates pump control and offers new features for better usability. The SAM Smart Nozzle will be demonstrated at the FDIC International event in Indianapolis from August 5–7, 2021.
On August 4, 2021, IDEX Fire & Safety announced a partnership with Rosenbauer America to introduce the SAM™ Integrated Total Flow Control System for rear-mount pump applications. This collaboration aims to enhance firefighting operations by simplifying pump management, allowing operators to focus more on the fireground. The SAM System will be exclusively installed in Rosenbauer trucks, integrating advanced Hale Products pump technology. At the FDIC International event happening from August 5-7, IDEX will showcase the SAM System's capabilities through live demonstrations.
Zeus Electric Chassis unveiled an innovative electric fire truck at FDIC in Indianapolis on Aug. 4, 2021. The Zeus fire truck incorporates a 300-gallon water tank and an IDEX electric motor-driven pump, all powered by the vehicle's main batteries. This solution aims to reduce carbon and noise pollution while enhancing performance and operational efficiency. Featuring advanced technology from IDEX Fire & Safety, the Zeus truck is set to provide a sustainable alternative for fire departments. The truck will be on display at booth #3126 during the FDIC event, which runs from Aug. 5 to 7.
IDEX Corporation (NYSE: IEX) reported strong financial results for Q2 2021, achieving record orders of $751.0 million, a 44% increase year-over-year. Sales rose to $685.9 million, up 22%. The company noted an adjusted EPS of $1.61, up 46.4% from the previous year, and raised its full-year adjusted EPS guidance to $6.26-$6.36.
Key factors include successful acquisitions, improved margins, and heightened demand across all segments despite challenges like inflation and supply chain issues. Additionally, the company terminated its U.S. pension plan and refinanced its debt to a lower rate.
IDEX CORPORATION (NYSE:IEX) is set to broadcast its second quarter earnings conference call on July 28, 2021, at 9:30 a.m. CT. CEO Eric Ashleman and CFO William Grogan will present the financial results and respond to investor questions. Interested parties can access the call and view presentation slides on IDEX's website. An archived version will also be available post-call, along with an audio replay until August 28, 2021. IDEX operates over 40 diverse businesses globally, employing 7,000 people and generating over $2 billion in revenue.
FAQ
What is the current stock price of IDEX Corporation (IEX)?
What is the market cap of IDEX Corporation (IEX)?
What does IDEX Corporation do?
Where is IDEX Corporation headquartered?
How many employees does IDEX have?
What are the main business segments of IDEX?
How much revenue did IDEX generate in 2023?
What recent acquisition has IDEX made?
What is the significance of IDEX's products in everyday life?
How long has IDEX been in business?
How many businesses does IDEX operate?
Where can I find more information about IDEX?
