IDEX Corp. (IEX) Tops Q1 EPS by 8c; Lifts FY EPS Outlook

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Go back to IDEX Corp. (IEX) Tops Q1 EPS by 8c; Lifts FY EPS Outlook

IDEX Reports First Quarter EPS of 89 Cents; Raises Full Year EPS Guidance to $3.70 -- $3.75

April 18, 2016 5:45 PM EDT

LAKE FOREST, Ill.--(BUSINESS WIRE)-- IDEX Corporation (NYSE: IEX) today announced its financial results for the three month period ended March 31, 2016.

First Quarter 2016 Highlights

EPS of 89 cents, up 6 percent Operating margin of 20.4 percent, up 10 basis points Free cash flow of $62 million, up 45 percent Repurchased 628 thousand shares of common stock for $46 million Acquired Akron Brass for $224 million Announced a 6 percent increase in the quarterly dividend on April 6, 2016... More