Loading...
•
Jun 30, 2023
IDEX Q2 2023 Earnings Report
IDEX achieved record sales and adjusted earnings per share.
Key Takeaways
IDEX Corporation reported record second-quarter results with sales of $846.2 million, up 6% overall and 3% organically. The company reported EPS of $1.82, up 1% and record adjusted EPS of $2.18, up 8%. They are lowering full year guidance in response to softening second half outlook.
Record sales of $846.2 million, up 6% overall and 3% organically
Reported EPS of $1.82, up 1% and record adjusted EPS of $2.18, up 8%
Strong operating cash flow of $141 million, up 26%; free cash flow of $120 million, up 24%
Completed acquisition of Iridian Spectral Technologies on May 19, 2023
Revenue by Segment
Forward Guidance
Full year 2023 organic sales are projected to decline 1 to 2 percent over the prior year, with GAAP EPS of $6.80 - $6.90 (adjusted EPS of $7.90 - $8.00). Third quarter 2023 organic sales are projected to decline 7 to 8 percent over the prior year period, with GAAP EPS of $1.60 - $1.65 (adjusted EPS of $1.84 - $1.89).
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
Loading earnings performance data...
Loading earnings reaction data...