IDEX Corporation (IEX) Tops Q1 EPS by 1c

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IDEX Reports First Quarter Results - EPS of 84 Cents

April 20, 2015 4:15 PM EDT

LAKE FOREST, Ill.--(BUSINESS WIRE)-- IDEX Corporation (NYSE: IEX) today announced its financial results for the three month period ended March 31, 2015.

First Quarter 2015 Highlights

Orders were up 2 percent organically EPS of 84 cents with operating margin of 20.3 percent Repurchased 830 thousand shares of common stock for $62 million Announced a 14 percent increase in the quarterly dividend on April 8, 2015 Announced an agreement to acquire Novotema

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IDEX Corporation Signs Agreement to Acquire Novotema

April 20, 2015 4:05 PM EDT

LAKE FOREST, Ill.--(BUSINESS WIRE)-- IDEX CORPORATION (NYSE: IEX) announced today that it entered into an agreement to acquire 100% of the outstanding shares of Novotema, SpA, a leader in the design, manufacture and sale of specialty sealing solutions for use in the building products, gas control, transportation, industrial and water markets. The transaction is expected to close within 45... More