Janney Montgomery Scott Upgrades IDEX Corp (IEX) to Buy

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Go back to Janney Montgomery Scott Upgrades IDEX Corp (IEX) to Buy

IDEX Reports Second Quarter EPS of 99 Cents; Reaffirms Full Year EPS Guidance of $3.70 -- $3.75

July 18, 2016 4:57 PM EDT

LAKE FOREST, Ill.--(BUSINESS WIRE)-- IDEX Corporation (NYSE: IEX) today announced its financial results for the three month period ended June 30, 2016.

Second Quarter 2016 Highlights

Orders and sales were up 5 and 7 percent, respectively EPS of 99 cents was up 10 cents, or 11 percent Completed a $200 million private placement of senior notes Acquired AWG Fittings for 46 million on July 1st

Second Quarter 2016

Orders of $529 million were up... More