IDEX Earnings: Everything You Must Know Now

IDEX Corporation (NYSE:IEX) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

IDEX Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 13.43% to $0.76 in the quarter versus EPS of $0.67 in the year-earlier quarter.

Revenue: Rose 4.91% to $518.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: IDEX Corporation reported adjusted EPS income of $0.76 per share. By that measure, the company beat the mean analyst estimate of $0.74. It beat the average revenue estimate of $516.24 million.

Quoting Management: “We delivered strong performance in our second quarter margins, EPS and free cash flow. Consistent with our message from earlier in the year and given global economic conditions, organic growth continues to be a challenge. We planned for this difficult organic environment and through disciplined execution we delivered 190 basis points of gross margin expansion, 70 basis points of operating margin improvement and 13 percent EPS growth,” stated Andrew K. Silvernail, Chairman and Chief Executive Officer.

Key Stats (on next page)…

Revenue increased 4.84% from $494.45 million in the previous quarter. EPS increased 2.7% from $0.74 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.73 and has not changed. For the current year, the average estimate has moved up from a profit of $2.93 to a profit of $2.95 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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