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Jun 30
IDEX Q2 2025 Earnings Report
IDEX's second quarter 2025 earnings results were announced, showing record sales and adjusted diluted EPS exceeding expectations, despite a slight downshift in rapid-turn business orders.
Key Takeaways
IDEX Corporation reported strong second-quarter 2025 results with record sales of $865.4 million, a 7% increase year-over-year, and adjusted diluted EPS of $2.07, which was relatively flat but exceeded expectations. The company experienced a slight downshift in rapid-turn business orders and a more cautious stance from customers on larger orders, leading to a revised full-year EPS outlook. Despite near-term volatility, IDEX remains confident in its long-term value creation strategy.
Record sales reached $865.4 million, marking a 7% increase year-over-year and 1% organically.
Adjusted diluted EPS was $2.07, remaining relatively flat compared to the prior year but surpassing second-quarter expectations.
Orders increased by 7% to $829.8 million, with organic growth of 2%, though this was below the year-to-date average.
Full-year GAAP diluted EPS guidance was revised to $6.30 - $6.44, and adjusted diluted EPS to $7.85 - $7.95, reflecting a reset of financial assumptions for the remainder of 2025.
IDEX
IDEX
IDEX Revenue by Segment
Revenue by Segment
Health & Science Technologies Revenue
CapyFin.comFluid & Metering Technologies Revenue
CapyFin.comFire & Safety/Diversified Products Revenue
CapyFin.com Forward Guidance
IDEX revised its full-year 2025 GAAP diluted EPS outlook to $6.30 - $6.44 and adjusted diluted EPS to $7.85 - $7.95, based on an expected full-year organic sales growth of approximately 1%. For the third quarter 2025, the company anticipates GAAP diluted EPS of $1.54 - $1.61 and adjusted diluted EPS of $1.90 - $1.95, with organic sales growth projected between 2% to 3%.
Positive Outlook
- Expected full-year organic sales growth of approximately 1%.
- Anticipated third-quarter 2025 organic sales growth of 2% to 3%.
- Management remains highly confident in IDEX's sustainable value creation engine.
- Integrated growth strategies and a balanced capital deployment strategy are expected to drive long-term value.
- The company's strong culture, market breadth, and agility position it well for consistent shareholder value.
Challenges Ahead
- Revised full-year GAAP diluted EPS outlook ($6.30 - $6.44) is lower than previous guidance ($6.56 - $6.95).
- Revised full-year adjusted diluted EPS outlook ($7.85 - $7.95) is lower than previous guidance ($8.10 - $8.45).
- Order trends in rapid-turn businesses downshifted slightly exiting the second quarter.
- Several customers are taking a more cautious stance on larger orders, delaying expected second-half acceleration in recently-acquired businesses.
- The company is resetting its baseline financial assumptions for the remainder of 2025 due to an uncertain macro-environment.
Revenue & Expenses
Visualization of income flow from segment revenue to net income