IDEX Reports Second Quarter Results; Delivers Record Operating Margin and EPS; Raises Low End of Full Year EPS Guidance

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Go back to IDEX Reports Second Quarter Results; Delivers Record Operating Margin and EPS; Raises Low End of Full Year EPS Guidance

IDEX Corp. (IEX) Misses Q2 EPS by 1c, Revenues Miss; Raises FY19 EPS Mid-Point Guidance, Affirms Q3 EPS Oultook

July 25, 2019 4:48 PM EDT

IDEX Corp. (NYSE: IEX) reported Q2 EPS of $1.48, $0.01 worse than the analyst estimate of $1.49. Revenue for the quarter came in at $642.1 million versus the consensus estimate of $655.65 million.

Sales were up 1 percent overall and 3 percent organicallyReported operating margin was 24.2 percent with adjusted operating margin of 24.5 percent, up 90 bpsReported EPS was $1.48 with adjusted EPS of $1.50, up 7 percentAcquired Velcora Holding AB in... More