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) has announced a quarterly cash dividend of $0.60 per common share, set to be paid on January 27, 2023, to shareholders of record as of January 13, 2023. This marks the company's 113th consecutive quarterly cash dividend payment. IDEX operates over 45 businesses globally, reporting nearly $2.8 billion in annual sales and employing more than 8,000 staff across more than 20 countries.
IDEX Corporation (NYSE: IEX) reported strong financial results for Q3 2022, featuring a record EPS of $2.36, up 56% year-over-year, and record sales of $824 million, a 16% increase. The company's operating margins improved, with a reported margin of 24.5%. Cash from operations reached $198 million, representing 111% of net income. IDEX also announced the acquisition of Muon Group for €700 million, aimed at bolstering its growth strategy. For 2022, the company raised its EPS guidance to $7.75-$7.80, expecting a 12% organic sales growth for the full year.
IDEX Corporation (NYSE:IEX) will host its third quarter earnings conference call on October 26, 2022, at 9:30 a.m. CT. CEO Eric Ashleman and CFO William Grogan will present the financial results and answer questions from investors. The call will be accessible via their website. An audio replay of the conference will be available until November 26, 2022. IDEX has nearly $2.8 billion in sales, operates over 45 businesses, and employs more than 8,000 people globally.
IDEX Corporation (NYSE: IEX) announced the appointment of Katrina L. Helmkamp as Non-Executive Chair of its Board of Directors, effective October 1, 2022. Helmkamp has been an independent director since November 2015 and has extensive global business experience, formerly serving as CEO of Lenox Corporation and as President and CEO of Cartus Corporation. She succeeds William M. Cook, who is retiring after 14 years. The Board's size will decrease from 11 to 10 directors.
IDEX Corporation (NYSE:IEX) has declared a regular quarterly cash dividend of $0.60 per common share, set for payment on October 28, 2022. Shareholders of record as of October 14, 2022 will receive this dividend, marking the company's 112th consecutive quarterly payout. With nearly $2.8 billion in annual sales and a global presence across more than 20 countries, IDEX continues to provide mission-critical components that enhance everyday life.
IDEX Corporation (NYSE:IEX) has entered into a definitive agreement to acquire Muon B.V. for €700 million. Muon Group specializes in micro-precision manufacturing for critical applications in various industries, including medical technology and semiconductor sectors. With projected FY 2022 sales of approximately €140 million and EBITDA margins around 33%, this acquisition aims to enhance IDEX’s precision technology platform and expand synergies within its health and science segment. The deal is anticipated to close in Q4, pending regulatory approvals.
IDEX Corporation (NYSE: IEX) reported a strong second quarter 2022, with EPS rising 35% to $1.81 and a record adjusted EPS of $2.02, up 15% versus Q2 2021. Orders reached $839 million, reflecting a 12% overall increase, while sales grew 16% to $796 million. Operating margin improved to 23.4%. The company raised its full-year EPS guidance to $7.19-$7.29 (GAAP) and $7.88-$7.98 (adjusted). Notably, IDEX successfully completed the acquisition of KZValve, enhancing its agricultural product portfolio.
IDEX Corporation (NYSE: IEX) will host its second quarter earnings conference call on July 27, 2022, at 9:30 a.m. CT. CEO Eric Ashleman and CFO William Grogan will discuss the financial performance and answer investor questions. Interested parties can access the call via the company's website, where a presentation and archive of the event will also be available. IDEX operates over 45 businesses worldwide, generating nearly $2.8 billion in sales and employing more than 7,500 individuals.
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.