IDEX Corporation reports developments for a global engineered products company organized around Health & Science Technologies, Fluid & Metering Technologies, and Fire & Safety / Diversified Products. Its updates cover quarterly operating results, organic sales trends, orders, margins, restructuring and productivity actions, dividends, share repurchases, and leadership changes.
Company news also reflects applied solutions across pumps, flow meters, valves, fluidic systems, medical diagnostic components, water systems, emergency rescue tools, satellite communications, and propulsion-related flow-control offerings through Mott Corporation.
IDEX Corporation (NYSE:IEX) has signed a definitive agreement to acquire Abel Pumps, L.P. from Hillenbrand, Inc. (NYSE: HI) for $103.5 million in cash. Abel Pumps specializes in high-performance reciprocating pumps for various critical sectors, including mining and wastewater. Abel’s annual revenue is approximately $34 million. This acquisition is expected to enhance IDEX's pump manufacturing expertise and expand its offerings. The deal is anticipated to close in Q1 2021, pending regulatory approvals and customary conditions.
IDEX CORPORATION (NYSE:IEX) has scheduled its fourth quarter 2020 earnings conference call for February 4, 2021, at 9:30 a.m. CT. CEO Eric Ashleman and CFO William Grogan will discuss the company's financial performance and take questions. The call will be accessible via the company’s website, along with presentation slides. An archive will be available post-call, and a replay will be accessible until March 4, 2021. IDEX operates globally with over 7,000 employees and $2+ billion in revenue, producing crucial products for various industries.
IDEX CORPORATION (NYSE:IEX) has declared a quarterly cash dividend of $0.50 per common share, scheduled for payment on January 29, 2021. Shareholders on record as of January 14, 2021 will receive this dividend. This marks the company’s 105th consecutive quarterly dividend.
IDEX operates globally with over 40 diverse businesses and around 7,000 employees, generating more than $2 billion in revenue.
IDEX Corporation (NYSE: IEX) reported Q3 2020 financial results with operational cash flows of $153.7 million and a free cash flow of $135.3 million. Q3 orders decreased by 3% to $570.3 million, and sales dropped 7% to $581.1 million. Gross margin stood at 43.3%, down 190 basis points from the prior year. Net income was $103.8 million with an EPS of $1.37, while adjusted EPS was $1.40, reflecting an 8% decline year-over-year. The company maintains a strong liquidity position with record cash of $878 million.
IDEX Corporation (NYSE: IEX) announced its third quarter earnings conference call to be held on October 28, 2020, at 9:30 a.m. CT. Chairman and CEO Andrew Silvernail, along with CFO William Grogan, will discuss the company’s financial performance and address questions from investors. Interested participants can access the call and accompanying presentation slides via the IDEX website. An audio replay will be available post-call until November 28, 2020.