IDEX Corp (IEX) Numbers Cut at Jefferies
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IDEX Reports 21 Percent Adjusted Operating Margin with $3.55 of Adjusted EPS for 2015
January 27, 2016 6:00 PM ESTLAKE FOREST, Ill.--(BUSINESS WIRE)-- IDEX Corporation (NYSE: IEX) today announced its financial results for the three- and twelve- month periods ended December 31, 2015.
2015 Highlights
Adjusted EPS of $3.55 with adjusted operating margin of 21.0 percent, up 30 basis points Gross margin of 44.8 percent, up 60 basis points Free cash flow of $322 million, 114 percent of net income Repurchased 2.8 million shares of common stock for $210 million Deployed $200 million to acquire Novotema, Alfa Valvole and CiDRA Precision Services... More