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IDEX Corporation (IEX)
NYSE:IEX
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Earnings Data
Report Date
Feb 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$2.03Last Year’s EPS
$1.83Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2024
|% Change Since: 4.12%
|Next Earnings Date:Feb 04, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed performance with strong free cash flow and record sales in certain segments, alongside challenges in specific markets and increased costs impacting margins. The acquisition of Mott Corporation and growth in Intelligent Water and HST orders are positive indicators for future growth.Company Guidance
During the IDEX Corporation's third-quarter 2024 earnings call, the executives provided guidance on several key metrics. The company reported a free cash flow of $192 million, which represented 33% of adjusted net income. Organic growth was highlighted, particularly in the Health & Science Technologies (HST) segment with a 20% increase in organic orders. The Fluid & Metering Technologies (FMT) and Fire Safety and Diversified Products (FSDP) segments also saw positive contributions, with FSDP achieving record sales and a 4% organic growth in both orders and net sales. Despite challenges, such as a 5% organic sales decline in HST, IDEX maintained a strong adjusted EBITDA margin of 26.9%. The guidance for the fourth quarter anticipates a 3% to 4% increase in organic sales, with an adjusted EBITDA margin of approximately 27% and adjusted EPS ranging from $2.01 to $2.06. For the full year, IDEX expects organic revenues to decline by 1% to 2%, maintaining an adjusted EPS guidance of $7.85 to $7.90.Strong Free Cash Flow
IDEX reported a free cash flow of $192 million, which was 133% of adjusted net income, showing a 400 basis point improvement year-over-year.
Record Sales in Fire Safety and Diversified Products
The Fire Safety and Diversified Products segment achieved record sales in Q3, driven by growth in the fire business and BAND-IT's strong demand from aerospace.
Successful Mott Acquisition
IDEX successfully closed the acquisition of Mott Corporation, which is off to a strong start with rapid integration and innovation in filtration technologies.
Intelligent Water Platform Growth
IDEX's Intelligent Water platform continues to be a bright spot, with significant opportunities driven by regulatory and funding support.
HST Segment Order Growth
Health & Science Technologies segment saw a 20% organic orders growth, with positive trends in defense, aerospace, and satellite communication markets.
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IEX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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IEX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $203.88 | $218.64 | +7.24% |
| Jul 31, 2024 | $207.79 | $195.64 | -5.85% |
| Apr 23, 2024 | $230.01 | $222.45 | -3.29% |
| Feb 06, 2024 | $216.76 | $220.25 | +1.61% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does IDEX Corporation (IEX) report earnings?
IDEX Corporation (IEX) is schdueled to report earning on Feb 04, 2025, TBA Not Confirmed.
What is IDEX Corporation (IEX) earnings time?
IDEX Corporation (IEX) earnings time is at Feb 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IEX EPS forecast?
IEX EPS forecast for the fiscal quarter 2024 (Q4) is $2.03.
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