Loading...
•
Dec 31, 2020
IDEX Q4 2020 Earnings Report
Reported a 2% increase in sales and a 10% increase in orders compared to the prior year period.
Key Takeaways
IDEX Corporation reported a strong fourth quarter in 2020, with record orders driven by improvements in most end markets and positive organic order growth across all segments. The company's adjusted EPS increased by 3% and free cash flow increased by 9% compared to the prior year period.
Record fourth quarter orders of $679 million, up 10 percent overall and 7 percent organically.
Fourth quarter EPS of $1.32; adjusted EPS of $1.37.
Cash from operations of $161.4 million was up 7 percent from the prior year period.
Announced the acquisition of Abel Pumps, L.P. in January 2021.
Revenue by Segment
Forward Guidance
The company projects 6 to 8 percent organic sales growth for the full year 2021, with a 2 to 4 percent organic sales increase in the first quarter. Full year 2021 EPS is projected to be $5.65 to $5.95, with first quarter EPS of $1.38 to $1.42.
Positive Outlook
- End markets are expected to continue to improve in 2021.
- Strong orders in the fourth quarter.
- Sustained sequential improvement.
- Projected 6 to 8 percent organic sales growth for the full year 2021.
- Projected first quarter EPS of $1.38 to $1.42.
Challenges Ahead
- Continuing impact of COVID-19 and the enacted containment measures cannot be predicted.
- COVID-19 and related measures to contain its impact have caused material disruptions in both national and global financial markets and economies.
- The pandemic and the enacted containment measures have adversely affected business and results of operations.
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...