IDEX Corp. (IEX) Tops Q1 EPS by 3c

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Go back to IDEX Corp. (IEX) Tops Q1 EPS by 3c

IDEX Reports First Quarter Results

April 23, 2020 4:02 PM EDT

LAKE FOREST, Ill.--(BUSINESS WIRE)-- IDEX Corporation (NYSE: IEX) today announced its financial results for the three month period ended March 31, 2020.

First Quarter 2020 Highlights

Gross margin was 45.7 percent, up 10 bps Increased backlog by $50 million Completed the acquisition of Flow Management Devices, LLC on February 28, 2020

First Quarter 2020

Orders of $644.9 million were down 2 percent compared with the prior year period (-2 percent organic, +1 percent acquisitions and -1 percent foreign currency translation).

Sales of... More