IDEX Q4 2022 Earnings Report
Key Takeaways
IDEX Corporation reported a strong fourth quarter with sales of $810.7 million, up 13% overall and 12% organically, and EPS of $1.71, up 10% and adjusted EPS of $2.01, up 18%. Net income increased to $130.0 million. The company achieved record full-year results, driven by capacity expansion, innovation, and strategic acquisitions.
Reported EPS of $1.71, up 10% and adjusted EPS of $2.01, up 18%.
Orders of $803.4 million, up 1% overall and 1% organically.
Sales of $810.7 million, up 13% overall and 12% organically.
Net income of $130.0 million; net income margin of 16.0%, down 60 basis points.
IDEX
IDEX
IDEX Revenue by Segment
Forward Guidance
Full year 2023 organic sales growth is projected to be 1 to 5 percent, with GAAP EPS of $7.55 to $7.85 (adjusted EPS of $8.50 to $8.80). First quarter 2023 organic sales growth is projected to be 3 to 5 percent, with GAAP EPS of $1.74 to $1.79 (adjusted EPS of $1.98 to $2.03).
Revenue & Expenses
Visualization of income flow from segment revenue to net income