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Stock impact report

IDEX Stock Exhibits Strong Prospects Despite Persisting Headwinds [Yahoo! Finance]

IDEX Corporation (IEX) 
Last idex corporation earnings: 4/23 04:02 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Fire & Safety/Diversified Products (FSDP) and Fluid & Metering Technologies (FMT) segments. The company's focus on reducing excess inventory and improving overall productivity has been proving beneficial for the FSDP segment. Strong demand for products in the fire and safety businesses is driving its revenues. Also, solid momentum in the aerospace end market has been a tailwind for the FSDP segment's BAND-IT business. In the third quarter, the segment's organic revenues increased 4% on a year-over-year basis. Growth in orders across the majority of the businesses is aiding the FMT segment. Strong momentum in the intelligent water business, driven by continued strength in the North American municipal market and rising governmental funding to support ongoing investments, bodes well for the segment. The segment's organic revenues increased 2% on a year-over-year basis in the third quarter. IDEX solidified its product portfolio and leveraged business opportunities through asset additi Show less Read more
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