IEX Stock Recent News

Idex (IEX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Industrial pump maker IDEX Corp said on Tuesday it would buy filtration products maker Mott Corp for $1 billion in cash.

NORTHBROOK, Ill.--(BUSINESS WIRE)--IDEX Corporation (NYSE: IEX) (“IDEX”) today announced it has entered into a definitive agreement to acquire Mott Corporation and its subsidiaries (“Mott”) for cash consideration of $1 billion (the “transaction”), subject to customary adjustments. When adjusted for the present value of expected tax benefits of approximately $100 million, the net transaction value is approximately $900 million. This represents approximately 19x Mott's forecasted full year 2024 E.

Strength in the FSDP segment poises IDEX (IEX) well for growth. The company's measures to reward its shareholders are promising.

The board of directors of IDEX Biometrics ASA has resolved to issue 13,207,430 incentive subscription rights to 56 employees and individual contractors in the IDEX Biometrics group. The grant was made under the company's 2024 incentive subscription rights plan as resolved at the annual general meeting on 16 May 2024. The exercise price of the subscription rights is NOK 1.45 per share. The SRs vest by 1/3 per year over three years. The SRs expire on 16 May 2029. Following the company's recent restructuring it is the intention of the board to retain and incentivize continuing employees of the company.

NORTHBROOK, Ill.--(BUSINESS WIRE)--IDEX Corporation (NYSE:IEX) announced today that it has scheduled the broadcast of the company's second quarter earnings conference call over the internet on Thursday, August 1, 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 second quarter financial performance, and respond to questions from the financial community. IDEX invites intereste.

Order moderation in Q1 FY24 indicates initial recovery in end-markets and completion of inventory destocking. IDEX reaffirmed full-year guidance of 0%-2% organic revenue growth, anticipating end-market recovery in the second half of FY24. I predict 7% organic revenue growth from FY25 onwards, with fair value estimated at $220 per share.

Reference is made to the notice on 15 May 2024 (corrected 20 May 2024) regarding a private placement of 33.3 million shares at NOK 1.65 per share, split in two tranches.

NORTHBROOK, Ill.--(BUSINESS WIRE)--IDEX CORPORATION (NYSE:IEX) today announced that its Board of Directors has approved a regular quarterly cash dividend of $0.69 per common share. This dividend will be paid July 26, 2024 to shareholders of record as of July 12, 2024. This dividend represents the company's 119th consecutive regular quarterly cash dividend payment. About IDEX IDEX Corporation (NYSE: IEX) makes thousands of products and mission-critical components that improve everyday life all a.

Oslo, Norway, 20 June 2024 – IDEX Biometrics has received a scaled repeat IDEX Access order from AuthenTrend, a global digital authentication leader. This order comes only a few months after the initial order, indicating customer demand for secure authentication, and marks the scaling of AuthenTrend's biometric access cards.