IDEX Corp. (IEX) Tops Q1 EPS by 22c

IDEX Corp. (NYSE: IEX) reported Q1 EPS of $1.96, $0.22 better than the analyst estimate of $1.74. Revenue for the quarter came in at $751.1 million versus the consensus estimate of $716.84 million.

GUIDANCE:

IDEX Corp. sees FY2022 EPS of $7.50-$7.63, versus the consensus of $7.52.

• Full year 2022 organic sales growth is projected to be 6 to 8 percent, with an 8 to 9 percent organic sales increase in the second quarter of 2022 versus the prior year period. The Company expects full year 2022 reported EPS attributable to IDEX of $6.87 to $7.00 (adjusted EPS attributable to IDEX of $7.50 to $7.63) and second quarter 2022 reported EPS attributable to IDEX of $1.69 to $1.74 (adjusted EPS attributable to IDEX of $1.85 to $1.90).

For earnings history and earnings-related data on IDEX Corp. (IEX) click here.

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