IDEX Q4 2021 Earnings Report
Key Takeaways
IDEX Corporation reported record fourth-quarter sales of $714.8 million, up 16% overall and 11% organically. Reported and adjusted EPS were both $1.55. The company anticipates continued supply chain challenges and COVID-19 impacts in the first half of 2022 but remains optimistic about long-term growth.
Record fourth quarter reported and adjusted EPS of $1.55.
Record fourth quarter sales of $714.8 million, up 16% overall and 11% organically.
Record fourth quarter orders of $795.3 million, up 17% overall and 13% organically.
Announced upcoming acquisition of Nexsight, LLC.
IDEX
IDEX
IDEX Revenue by Segment
Forward Guidance
Organic sales growth is projected to be 5 to 8 percent for 2022, with a 6 to 7 percent organic sales increase in the first quarter of 2022 versus the prior year period. We expect full year 2022 GAAP EPS of $6.70 to $7.00 (adjusted EPS of $7.33 to $7.63) and first quarter 2022 GAAP EPS of $1.57 to $1.60 (adjusted EPS of $1.73 to $1.76).
Positive Outlook
- Organic sales growth is projected to be 5 to 8 percent for 2022
- Organic sales increase in the first quarter of 2022 is expected to be 6 to 7 percent
- Full year 2022 GAAP EPS is projected to be $6.70 to $7.00
- Full year 2022 adjusted EPS is projected to be $7.33 to $7.63
- First quarter 2022 GAAP EPS is projected to be $1.57 to $1.60
Challenges Ahead
- Difficult supply chain environment persisted in the fourth quarter.
- COVID-19 environment persisted in the fourth quarter.
- Expect supply chain challenges to continue through the first half of the year.
- Expect COVID-19 environment to continue through the first half of the year.
- Supply chain challenges impacting ability to ramp production levels.
Revenue & Expenses
Visualization of income flow from segment revenue to net income