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IDEX Corporation - IEX STOCK NEWS

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.

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IDEX (NYSE: IEX) has announced the webcast of its second quarter earnings call scheduled for August 1, 2024, at 9:30 a.m. CT. CEO Eric Ashleman and CFO Abhi Khandelwal will discuss the financial performance of Q2 2024 and address questions from the financial community. Investors can access the live call and presentation slides on IDEX's official website. A replay will be available until September 1, 2024. IDEX , known for its diverse range of products including Viking internal gear pumps and Hurst Jaws of Life, operates over 50 businesses globally with $3.3 billion in annual sales. The company's stock trades on the NYSE under the symbol 'IEX'.

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IDEX (NYSE: IEX) announced that its Board of Directors has approved a regular quarterly cash dividend of $0.69 per common share.

The dividend will be paid on July 26, 2024, to shareholders of record as of July 12, 2024.

This marks the 119th consecutive quarterly cash dividend payment by the company.

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Chemours (NYSE: CC) has appointed Livingston “Tony” Satterthwaite to its Board of Directors, effective June 12. Tony, currently a Senior VP at Cummins, brings over 35 years of leadership experience. He has held leadership roles at Cummins, including President of Power Generation and COO. Tony will retire from Cummins in September 2024. He also serves on the boards of IDEX , the National Association of Manufacturers, and the Cummins Foundation. Tony holds an MBA from Stanford and a civil engineering degree from Cornell. Chemours’ leadership expresses confidence in Tony’s expertise to drive business growth.

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Tony Satterthwaite, Senior Vice President at Cummins (NYSE: CMI), will retire in September 2024 after a 36-year career. Satterthwaite's tenure included significant growth and innovation, particularly in the Power Generation Business. He led several successful product launches and expanded the company's reach internationally. Jennifer Rumsey, CEO, praised his leadership, especially during the COVID-19 pandemic. Satterthwaite also focused on investing in people, building strong leaders within the company. His departure marks the end of an era, having held critical sales, regional, and business leadership roles, and serving on various boards.

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IDEX (NYSE:IEX) declared a regular quarterly cash dividend of $0.69 per common share, marking the 118th consecutive regular quarterly cash dividend payment. The dividend will be paid on May 31, 2024, to shareholders of record as of May 17, 2024.

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IDEX (NYSE: IEX) reported first-quarter results with sales of $801 million, down 5% overall and 6% organically, surpassing EPS expectations. The company projects 0-2% organic sales growth for the full year. Despite challenges in certain segments, IDEX remains committed to driving growth and creating long-term value.
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IDEX (NYSE:IEX) is set to broadcast its first quarter earnings conference call on April 24, 2024, featuring discussions on financial performance by the CEO and CFO. Interested investors can access the call and presentation slides on the company's website.
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IDEX Corporation (NYSE: IEX) reported a 3% decrease in sales for the fourth quarter of 2023, with diluted EPS down 16%. However, strong operating cash flow and free cash flow increased by 20% and 22% respectively. The company completed the acquisition of STC Material Solutions for $202 million and invested approximately $425 million for acquisitions, capital projects, and share repurchases. The 2024 outlook projects a 0% to 2% organic sales growth with GAAP diluted EPS of $7.15 to $7.45 (adjusted diluted EPS of $8.15 to $8.45).
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Artemis, an Industrial Tech Private Equity firm, successfully sold its portfolio company, STC Material Solutions, to IDEX Corporation (NYSE: IEX). STC is an advanced materials manufacturer based in St. Albans, VT, delivering unique advanced material solutions to Aerospace, Defense, Medical, and Semiconductor markets. Under Artemis ownership, STC experienced transformational growth, attributing its success to the right strategy and a committed, passionate, and technically exceptional team.
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IDEX Corporation (NYSE:IEX) has announced the schedule for its fourth quarter earnings conference call on February 7, 2024. CEO Eric Ashleman and CFO Abhi Khandelwal will discuss the company's financial performance and answer questions from the financial community. Interested investors can listen to the call and view presentation slides on the company's website.
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FAQ

What does IDEX Corporation do?

IDEX manufactures essential components like pumps, flow meters, and valves for industries such as industrial, fire and safety, life sciences, and water management.

Where is IDEX Corporation headquartered?

IDEX Corporation is headquartered in Lake Forest, Illinois.

How many employees does IDEX have?

IDEX employs over 7,000 people.

What are the main business segments of IDEX?

IDEX operates through three segments: Fluid and Metering Technologies, Health and Science Technologies, and Fire and Safety and Diversified Products.

How much revenue did IDEX generate in 2023?

IDEX generated $3.3 billion in revenue in 2023.

What recent acquisition has IDEX made?

IDEX recently acquired STC Material Solutions, an advanced materials manufacturer.

What is the significance of IDEX's products in everyday life?

IDEX's products are essential in various applications, from vehicle safety (Band-It® clamp) to emergency response (Hurst Jaws of Life®) and medical diagnostics.

How long has IDEX been in business?

IDEX was founded in 1988.

How many businesses does IDEX operate?

IDEX currently operates over 50 businesses worldwide.

Where can I find more information about IDEX?

More information about IDEX can be found on their official website at www.idexcorp.com.

IDEX Corporation

NYSE:IEX

IEX Rankings

IEX Stock Data

15.36B
75.70M
0.2%
100.13%
1.25%
Pump and Pumping Equipment Manufacturing
Manufacturing
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United States of America
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