Market Overview

IDEX: Q3 Earnings Insights

Share:

Shares of IDEX (NYSE:IEX) fell 5% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share fell 7.89% year over year to $1.40, which beat the estimate of $1.20.

Revenue of $581,113,000 declined by 6.91% from the same period last year, which beat the estimate of $563,530,000.

Guidance

IDEX hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Recent Stock Performance

Company's 52-week high was at $194.30

52-week low: $104.56

Price action over last quarter: Up 11.12%

Company Overview

Idex manufactures pumps, flow meters, valves, and fluidic systems for customers in a variety of end markets, including industrial, fire & safety, life science, and water. The firm's business is organized into three segments: fluid & metering technologies, health & science technologies, and fire & safety and diversified products. Based in Lake Forest, Illinois, Idex has manufacturing operations in over 20 countries and has 7,000 employees. The company generated $2.5 billion in revenue and $600 million in adjusted operating income in 2019.

 

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Posted-In: Earnings