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Sep 30, 2020

IDEX Q3 2020 Earnings Report

IDEX reported third quarter results with sales of $581.1 million and adjusted EPS of $1.40.

Key Takeaways

IDEX Corporation announced its financial results for the three month period ended September 30, 2020. Sales were $581.1 million, down 7 percent compared with the prior year period. Adjusted EPS was $1.40.

Cash from operations of $153.7 million led to quarterly free cash flow of $135.3 million

Operating margin of 22.6%; adjusted operating margin of 23.1%

EPS of $1.37; adjusted EPS of $1.40

Adjusted EBITDA margin of 26.9%

Total Revenue
$581M
Previous year: $624M
-6.9%
EPS
$1.4
Previous year: $1.52
-7.9%
Gross Profit
$252M
Previous year: $282M
-10.8%
Cash and Equivalents
$878M
Previous year: $516M
+70.1%
Free Cash Flow
$135M
Previous year: $146M
-7.3%
Total Assets
$4.23B
Previous year: $3.71B
+13.8%

IDEX

IDEX

IDEX Revenue by Segment

Forward Guidance

The company expects fourth quarter organic sales to continue to improve sequentially and be down approximately 3 to 5 percent versus prior year.

Revenue & Expenses

Visualization of income flow from segment revenue to net income