IDEX Corp. (IEX) Tops Q1 EPS by 7c, Lowers Guidance

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IDEX Reports First Quarter Results

April 26, 2023 4:32 PM EDT

First Quarter 2023 Highlights

(All comparisons against the first quarter of 2022 unless otherwise noted)

Record sales of $845 million, up 13% overall and 6% organically Reported EPS of $1.84, up 1% and adjusted EPS of $2.09, up 7% Strong operating cash flow of $148 million, up 86%; free cash flow of $121 million, up 91% Reached agreement in April 2023 to purchase Iridian Spectral Technologies

NORTHBROOK, Ill.--(BUSINESS WIRE)-- IDEX Corporation (NYSE: IEX) today announced its financial results for the three month period ended March 31, 2023.

IDEX delivered strong results in the first... More