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Stock impact report

IDEX Stock Gains From Business Strength, Headwinds Persist [Yahoo! Finance]

IDEX Corporation (IEX) 
Last idex corporation earnings: 4/23 04:02 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Persistent strength in the intelligent water business, driven by solid demand in the North American municipal market, bodes well for the segment. The segment's organic revenues increased 3% on a year-over-year basis in the fourth quarter of 2024. Driven by the favorable trend in its business, the company anticipates overall organic revenues to increase 1-3% year over year in 2025. The company intends to strengthen and expand its businesses through buyouts. In September 2024, IDEX acquired Mott Corporation and its subsidiaries (Mott) for $1 billion. This acquisition expanded the company's applied materials science technology capabilities and strengthened its micro-precision technology offerings in key markets such as semiconductor fabrication, medical technologies and water purification. Also, in December 2023, IEX closed the buyout of advanced material science solutions provider STC Material Solutions for $206 million. This buyout expanded the company's growing expertise in the ma Show less Read more
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