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.
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.
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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