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Stock impact report

IDEX Reports Third Quarter Results

IDEX Corporation (IEX) 
Last idex corporation earnings: 4/23 04:02 pm Check Earnings Report
Company Research Source: Business Wire
Third Quarter 2024 Highlights(All comparisons are against the third quarter of 2023 unless otherwise noted)Sales of $798 million, up 1% overall and flat organicallyReported diluted EPS of $1.57, down 43%, and adjusted diluted EPS of $1.90, down 10%Operating cash flow of $205 million, down 9%; and 172% of net income, up from 108%Free cash flow of $192 million, down 7%; and 133% of adjusted net income, up from 129%Completed acquisition of Mott Corporation on September 5, 2024Completed a public offering of $500 million principal amount of 4.950% Senior Notes, due September 2029Full Year 2024 OutlookFull year organic sales growth is projected to decline 1% to 2% versus the prior yearFull year GAAP diluted EPS of $6.65 - $6.70 vs. previous guidance of $6.85 - $6.95. Current guidance includes purchase accounting impacts, such as acquisition-related amortization, from the acquisition of Mott CorporationAdjusted diluted EPS of $7.85 - $7.90 vs. previous guidance of $7.80 - $7.90 NORTHBROOK Show less Read more
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