IEX Stock Recent News

IDEX (IEX) is benefiting from the solid momentum in the FSD segment and accretive acquisitions. However, cost inflation remains a concern for the company.

NORTHBROOK, Ill.--(BUSINESS WIRE)--IDEX Corporation (NYSE:IEX) announced today that it has scheduled the broadcast of the company's fourth quarter earnings conference call over the internet on Wednesday, February 7, 2024 at 9:30 a.m. CT. Chief Executive Officer and President Eric Ashleman and Senior Vice President and Chief Financial Officer Abhi Khandelwal will discuss the company's fourth quarter financial performance, and respond to questions from the financial community. IDEX invites intere.

Idex (IEX) reported earnings 30 days ago. What's next for the stock?

Solid momentum in the fire and rescue businesses within the FSD segment and accretive acquisitions augur well for IDEX (IEX). The company's measures to reward its shareholders are encouraging.

IDEX Corporation (NYSE:IEX ) Q3 2023 Results Conference Call October 26, 2023 10:30 AM ET Company Participants Allison Lausas - Interim CFO & CAO Eric Ashleman - CEO and President Conference Call Participants Deane Dray - RBC Capital Markets Mike Halloran - Robert W. Baird Nathan Jones - Stifel Allison Poliniak - Wells Fargo Vlad Bystricky - Citigroup Rob Wertheimer - Melius Research Andrew Buscaglia - BNP Brett Linzey - Mizuho Joe Giordano - TD Cowen Operator Greetings, and welcome to IDEX Corporation's Third Quarter 2023 Earnings Conference Call.

IDEX's (IEX) third-quarter 2023 revenues decrease 3.7% due to lower sales in the Fluid & Metering Technologies and Health & Science Technologies segments.

While the top- and bottom-line numbers for Idex (IEX) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Weakness in the HST segment, escalating cost of sales, rising selling, general and administrative expenses and forex woes are likely to hurt IDEX's (IEX) Q3 performance.

IDEX is a well-diversified industrial equipment manufacturer benefiting from industrial 4.0 trends. The company's growth is driven by organic expansion and strategic acquisitions in fluid & metering, health & science, and fire & safety technologies. Weakness in the Health & Science segment is a short-term setback, but the stock is undervalued, making it an attractive investment prospect.

NORTHBROOK, Ill.--(BUSINESS WIRE)--IDEX Corporation (NYSE:IEX) announced today that it has scheduled the broadcast of the company's third quarter earnings conference call over the internet on Thursday, October 26, 2023 at 9:30 a.m. CT. Chief Executive Officer and President Eric Ashleman and Interim Chief Financial Officer Allison Lausas will discuss the company's third quarter financial performance, and respond to questions from the financial community. IDEX invites interested investors to list.