Welcome to our dedicated page for IDEX news (Ticker: IEX), a resource for investors and traders seeking the latest updates and insights on IDEX stock.
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) 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.