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Mar 31, 2025
IDEX Q1 2025 Earnings Report
IDEX reported mixed first quarter results with slight revenue growth but lower profitability due to restructuring and acquisition-related costs.
Key Takeaways
IDEX delivered Q1 2025 revenue growth driven by acquisitions, but net income and EPS declined due to restructuring expenses and higher costs.
Revenue reached $814.3M, up 2% from Q1 2024, driven by the Mott acquisition.
Adjusted EPS declined to $1.75 from $1.88, reflecting increased costs and tax impacts.
Net income dropped to $95.5M, impacted by restructuring charges and higher interest expenses.
Strong order growth and backlog expansion, particularly in HST and FSDP segments.
Revenue by Segment
Forward Guidance
IDEX expects stable 2025 performance supported by cost containment measures and solid order trends, with potential risks from tariffs and slower demand.
Positive Outlook
- Full-year adjusted EPS guidance maintained at $8.10 - $8.45.
- Organic sales growth expected at 1% to 3% for FY25.
- Second quarter adjusted EPS forecasted at $1.95 - $2.05.
- Cost savings of $20M planned to counter tariff-related pressures.
- Order rates remain strong through April despite macro uncertainties.
Challenges Ahead
- Anticipated customer caution and slower decision-making.
- Higher interest and depreciation expenses impacting profitability.
- Continued softness in semiconductor, agriculture, and energy markets.
- Negative free cash flow trend due to inventory and interest payments.
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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