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Mar 31, 2021
IDEX Q1 2021 Earnings Report
IDEX reported strong Q1 2021 results, with revenue and EPS increases, and raised full year guidance.
Key Takeaways
IDEX Corporation reported a 10% increase in both orders and sales for Q1 2021, with organic growth of 6%. The company's reported EPS was $1.48, with an adjusted EPS of $1.51. Strong cash generation led to a record Q1 free cash flow of $94.7 million. The company raised its full year adjusted EPS guidance to $6.05 to $6.20.
Record orders and sales were up 10 percent overall and 6 percent organically compared to Q1 2020
Reported operating margin was 23.9 percent with adjusted operating margin of 24.3 percent
Reported EPS was $1.48 with adjusted EPS of $1.51
Record Q1 free cash flow of $94.7 million
Revenue by Segment
Forward Guidance
The company raised its full year adjusted EPS guidance to $6.05 to $6.20 with second quarter adjusted EPS of $1.60 to $1.63. They are also increasing their full year organic revenue growth expectations to 9 to 10 percent with 18 to 20 percent growth in the second quarter.
Positive Outlook
- Full year adjusted EPS guidance raised to $6.05 to $6.20
- Second quarter adjusted EPS of $1.60 to $1.63
- Full year organic revenue growth expectations increased to 9 to 10 percent
- Second quarter organic revenue growth expected to be 18 to 20 percent
- M&A funnel remains robust and the company is fully committed to pursuing additional opportunities in 2021
Challenges Ahead
- The duration of the COVID-19 pandemic and the continuing effects of the COVID-19 pandemic on our ability to operate our business and facilities
- Economic and political consequences resulting from terrorist attacks and wars
- Pricing pressures and other competitive factors and levels of capital spending in certain industries
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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