IDEX Stock Price, News & Analysis

IDEX Corporation (NYSE:IEX) appointed Alejandro Quiroz Centeno to its Board of Directors, effective June 15, 2022, increasing the board from 10 to 11 members. Quiroz, currently CEO of Latin America for Prysmian Group, brings extensive experience from previous roles, including President of Aptiv Latin America, where he managed a $5.5 billion business. His background in international manufacturing aligns with IDEX’s strategy as over half of its revenue now comes from outside the United States, aiming to leverage his insights for competitive advantage.

IDEX Corporation (NYSE:IEX) has declared a quarterly cash dividend of $0.60 per common share, payable on July 29, 2022, to shareholders recorded by July 15, 2022. This marks the company's 111th consecutive quarterly cash dividend payment. IDEX operates globally with over 45 businesses and more than 7,500 employees, and reported nearly $2.8 billion in annual sales.

IDEX Corporation (NYSE:IEX) has announced an 11% increase in its quarterly cash dividend to $0.60 per share. This rise marks the company's 110th consecutive quarterly dividend payment. The dividend will be paid on May 27, 2022, to shareholders recorded as of May 17, 2022. With over $2.8 billion in annual sales and more than 7,500 employees, IDEX continues to deliver trusted solutions across various industries.

IDEX Corporation (NYSE:IEX) has completed its acquisition of KZValve, LLC, enhancing its capabilities in agricultural and industrial fluid management solutions.

This acquisition strengthens IDEX's offerings, particularly in precision farming components, including waterproof motorized valves and controllers. CEO Eric Ashleman emphasized that this move aligns with IDEX's growth strategy, aiming to invest in innovative businesses to support efficient crop production.

KZValve now operates within IDEX’s Agriculture group, part of the Fluid & Metering Technologies segment.

IDEX Corporation (NYSE: IEX) reported a strong performance for Q1 2022, with record earnings per share (EPS) of $1.83, up 24% year-over-year. Adjusted EPS rose to $1.96, marking a 21% increase. The company achieved record orders of $856 million, a 20% rise overall, and record sales of $751 million, reflecting a 15% increase. Operating margin improved to 25.0%, a 110 basis point increase. IDEX acquired Nexsight, LLC, on February 28, and plans to acquire KZValve for $120 million. They forecast organic sales growth of 6-8% for 2022, with expected EPS between $6.87 and $7.00.

IDEX Corporation (NYSE:IEX) announced its acquisition of KZ CO. (KZValve), a manufacturer of electric valves and controllers primarily for agriculture. Founded in 1976, KZValve is known for its innovative agricultural components and has projected sales of $28 million for FY2022. This acquisition aims to enhance IDEX's agricultural product offerings and expand its market reach within the agricultural segment of its Fluid & Metering Technologies group. The deal is expected to close in Q2 FY2022, pending regulatory approvals.

IDEX Corporation (NYSE:IEX) will host its first quarter earnings conference call on April 27, 2022, at 9:30 a.m. CT. CEO Eric Ashleman and CFO William Grogan will discuss the company's Q1 financial performance and answer questions from investors. The call can be accessed via the company's website, along with presentation slides. An archive of the call will be available post-event, with an audio replay accessible until May 27, 2022.

IDEX, a global company with nearly $2.8 billion in sales, operates over 45 diverse businesses worldwide.

IDEX Corporation (NYSE:IEX) has successfully acquired Nexsight, LLC, enhancing its water business offerings. This acquisition includes leading brands such as Envirosight and WinCan, which improve IDEX's capabilities in wastewater infrastructure inspection and monitoring. CEO Eric Ashleman emphasized that this strategic move aims to diversify and strengthen IDEX's product solutions, aiding in early detection of wastewater issues, thereby benefiting clients and public health. IDEX's growth strategy involves investments in companies that align with its operational strengths.

IDEX Corporation (NYSE:IEX) announced the appointment of Paris Watts-Stanfield to its Board of Directors, effective February 25, 2022, increasing the board size to 11 members. Ms. Watts-Stanfield, currently CFO of Greater China at Medtronic, brings significant experience in corporate finance and audit roles. She will also serve on the Audit Committee. Leadership emphasized her global business skills and alignment with IDEX's mission to enhance value and growth.