IDEX (NYSE:IEX) shares are trading lower after the company reported Q4 results and issued Q1 adjusted EPS guidance below estimates.

IDEX reported quarterly earnings of $2.01 per share which beat the analyst consensus estimate of $1.97 by 2.03 percent. This is a 29.68 percent increase over earnings of $1.55 per share from the same period last year.

The company reported quarterly sales of $810.70 million which beat the analyst consensus estimate of $773.14 million by 4.86 percent. This is a 13.42 percent increase over sales of $714.80 million the same period last year.

The company expects 2023 Q1 adjusted EPS to be between $1.98 to $2.03, versus analyst estimates of $2.11 and full year 2023 adjusted EPS to be between $8.50 to $8.80, versus analyst estimates of $8.09.

IDEX makes thousands of products and mission-critical components that improve everyday life all around you.

IEX Price Action: IDEX has a 52-week high of $246.23 and a 52-week low of $172.185.

IDEX shares are down 5.39% at $226.76 at time of publication, according to Benzinga Pro.