Latest news with #IDEXCorporation
Yahoo
11-07-2025
- Business
- Yahoo
What You Need To Know Ahead of IDEX's Earnings Release
Northbrook, Illinois-based IDEX Corporation (IEX) is an applied solutions company specializing in a range of applications such as fluid and metering technologies, health and science technologies, and fire, safety, and other products. With a market cap of $13.8 billion, IDEX operations span the Americas, Europe, and the Indo-Pacific. The industrial major is expected to release its Q2 results after the market closes on Wednesday, Jul. 30. Ahead of the event, analysts expect IEX to deliver a profit of $1.99 per share, down 3.4% from $2.06 per share reported in the year-ago quarter. On a positive note, the company has surpassed the Street's bottom-line estimates in each of the past four quarters. This Underdog AI Stock Just Got a New Street-High Price Target As Joby Aviation Hits a New 52-Week High, Jim Cramer Says He Won't 'Fight' the Rally Texas Just Passed Quantum Computing Legislation. How Should You Play IONQ Stock Here? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! For the full fiscal 2025, analysts expect IEX to report an EPS of $8.21, up 4.1% from $7.89 reported in the previous year. While in fiscal 2026, its earnings are expected to grow 8.3% year-over-year to $8.89 per share. IEX stock has dropped 5.6% over the past 52 weeks, notably underperforming the Industrial Select Sector SPDR Fund's (XLI) 24.1% surge and the S&P 500 Index's ($SPX) 12.3% returns during the same time frame. IDEX's stock prices rose 3.5% in the trading session after the release of its Q1 results on May 1. While the company's organic sales took a slight hit during the quarter, its overall topline inched up 1.7% year-over-year to $814.3 million, surpassing the Street's expectations. Although its adjusted EPS for the quarter dropped 6.9% year-over-year to $1.75, it was 6.7% ahead of the consensus estimates. Moreover, the company's orders touched a record $872 million, boosting investor confidence. The stock holds a consensus 'Moderate Buy' rating overall. Of the 11 analysts covering the stock, opinions include six 'Strong Buys,' one 'Moderate Buy,' and four 'Holds.' Its mean price target of $208.10 indicates a 12.9% upside potential from current price levels. On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
07-07-2025
- Business
- Business Wire
IDEX Corporation to Webcast Second Quarter 2025 Earnings Call
NORTHBROOK, Ill.--(BUSINESS WIRE)--IDEX Corporation (NYSE:IEX) announced today that it will release its second quarter 2025 financial results on Wednesday, July 30, 2025, prior to market open. An investor conference call and webcast will take place at 8:00 a.m. (CT) that same day with Chief Executive Officer and President Eric Ashleman and Vice President Corporate Development and Interim Chief Financial Officer Akhil Mahendra. The event and associated earnings presentation will be available via webcast in listen-only mode on the Company's Investor Relations Website at To participate via telephone, please dial (877) 709-8150 or (201) 689-8354 and use confirmation code 13748412. Telephone participants are asked to connect at least five minutes before the start of the conference call. A replay of the earnings call will be available via webcast on the Company's website. About IDEX IDEX Corporation (NYSE: IEX) designs and builds engineered products and mission-critical components that make everyday life better. IDEX precision components help craft the microchip powering your electronics, treat water so it is safe to drink, and protect communities and the environment from sewer overflows. Our optics enable global broadband satellite communications, and our pumps move challenging fluids that range from hot, to viscous, to caustic. IDEX components assist healthcare professionals in saving lives as part of many leading diagnostic machines, including DNA sequencers that help doctors personalize treatment. And our fire and rescue tools, including the industry-leading Hurst Jaws of Life®, are trusted by rescue workers around the world. These are just some of the thousands of products that help IDEX live its purpose – Trusted Solutions, Improving Lives™. Founded in 1988 with three small, entrepreneurial manufacturing companies, IDEX now includes more than 50 diverse businesses around the world. With about 9,000 employees and manufacturing operations in more than 20 countries, IDEX is a diversified, high-performing, global company with approximately $3.3 billion in annual sales. For further information on IDEX Corporation and its business units, visit the company's website at
Yahoo
02-05-2025
- Business
- Yahoo
IDEX Corporation (IEX): Among Billionaire Ken Fisher's Industrial Stock Picks with Huge Upside Potential
We recently published a list of . In this article, we are going to take a look at where IDEX Corporation (NYSE:IEX) stands against other billionaire Ken Fisher's industrial stock picks with huge upside potential. The economy strongly influences industrial stocks, which have fallen during recent downturns. However, 2025 looks like a key year for this sector, with these companies working in manufacturing, shipping, and aerospace, and investors are now focusing on businesses that adapt quickly to global shifts. The industrial sector grew 26% in 2024, showing strength despite high inflation and weak global demand. Going into 2025, these stocks are getting more attention thanks to new growth drivers and better economic conditions. Even with possible higher tariffs under Trump's trade policies, the outlook remains positive. President Trump has proposed a 25% tariff on steel and aluminum from countries like South Korea, Vietnam, and Canada. These tariffs might raise costs and also boost U.S. infrastructure and manufacturing spending; as Canada's Innovation Minister Francois-Philippe Champagne said, 'Canadian steel and aluminum support key industries in the U.S., from defense, shipbuilding, and auto. We will continue to stand up for Canada, our workers, and our industries.' All in all, this trade shift could help American industrial companies, especially those bringing supply chains back home. Moreover, lower interest rates should help the sector by increasing construction and housing projects in 2025. On the other hand, falling mortgage rates will attract more homebuyers, creating demand for building materials and equipment. Ken Fisher said, 'Investors are ignoring some of these positive developments,' pointing to an overlooked chance in housing-related businesses. Aerospace is also making a comeback through airlines' need to replace aging planes, driving demand for maintenance and parts, which demonstrates significant progress in aerospace-based companies. Meanwhile, only 25% of the $1.9 trillion in planned North American infrastructure projects have started construction, suggesting big growth ahead for equipment providers and construction companies. In 2025, industrial stocks look promising due to clean technology and automation advancements. As reported in Deloitte's 2025 Manufacturing Industry Outlook, over $31 billion went into clean-tech manufacturing facilities in 2024, showing a move toward sustainability. With decreasing interest rates and high demand for environmentally friendly tech, these investments are highly probable to drive growth in the industry. Ken Fisher noted made the following comment about the current situation: 'The fear is bigger than the problem can be. Single-period stock market comparisons are always iffy, but it may well be this goes something like the 1998 stock market correction leading to a 26% annual return.' His view suggests a more positive review of the industrial sector, predicting it will grow despite tariff concerns. With investments in automation, clean tech, and domestic production, these stocks have strong long-term potential even with short-term challenges. To compile this list, we reviewed Ken Fisher's SEC Q4 2024 13F filings. We picked 10 stocks with the highest upside potential from their current levels as of time of writing this article. Finally, we ranked the stocks in ascending order based on their highest analyst upside potential while also outlining hedge fund sentiment regarding these stocks, as per Insider Monkey's database of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). A worker in a laboratory coat checking a Positive Displacement Pump. Number of Hedge Fund Holders: 34 Upside Potential: 27.97% IDEX Corporation (NYSE:IEX) delivers key industrial solutions in fluid management, life sciences, and safety tech. It works through three main segments: Fluid & Metering Technologies, Health & Science Technologies, and Fire & Safety/Diversified Products. The company serves vital markets like life sciences, semiconductors, chemical processing, firefighting, and aerospace with pumps, valves, and specialty systems. IDEX ranks among the top industrial tech stocks for investors, and Ken Fisher currently owns about $2,891,859 in company shares. In the Q4 ended December 31, 2024, IDEX Corporation (NYSE:IEX) showed $863 million in revenue, up 9% from last year, with organic sales growing 3%. Meanwhile, orders jumped 8%, helping boost quarterly adjusted EBITDA margin by 60 basis points to 26.4%. Yet 2024's full-year revenue stayed flat at $3.3 billion, with organic sales dropping 2%, and adjusted earnings per share fell 4% to $7.89. The company generated strong free cash flow of $603 million, converting 101% of adjusted net income. Furthermore, the Health & Science Technologies segment led Q4 order activity, shipping $40 million in project work, while the company's Fire & Safety/Diversified Products hit record quarterly sales. Management highlighted integration across five collaborative groups, making up over half of the total revenue. Despite tough market conditions, strong blanket orders from Q4 should boost 2025 volume. The semiconductor market is also expected to improve in the second half of next year. For 2025, IDEX Corporation (NYSE:IEX) expects 1-3% organic growth with adjusted earnings between $8.10 and $8.45 per share—a 3-7% increase over 2024. The first quarter will likely see a 3-4% organic decline due to tough comparisons with last year. However, management expects a $0.43 earnings boost from platform improvements. The company plans $21-25 million in restructuring costs, with revenue and earnings weighted toward the year's second half. IDEX continues focusing on strategic acquisitions, with its recent Mott acquisition doing better than expected. With a solid balance sheet and 2.2x gross leverage ratio, IDEX Corporation (NYSE:IEX) keeps looking for good deals—80% of its recent acquisitions were proprietary deals. Overall, IEX ranks 6th on our list of billionaire Ken Fisher's industrial stock picks with huge upside potential. While we acknowledge the potential of IEX, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than IEX but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
01-05-2025
- Business
- Yahoo
IDEX (NYSE:IEX) Surprises With Q1 Sales
Manufacturing company IDEX (NYSE:IEX) reported revenue ahead of Wall Street's expectations in Q1 CY2025, with sales up 1.7% year on year to $814.3 million. Its non-GAAP profit of $1.75 per share was 6.7% above analysts' consensus estimates. Is now the time to buy IDEX? Find out in our full research report. Revenue: $814.3 million vs analyst estimates of $805.4 million (1.7% year-on-year growth, 1.1% beat) Adjusted EPS: $1.75 vs analyst estimates of $1.64 (6.7% beat) Adjusted EBITDA: $208 million vs analyst estimates of $195.5 million (25.5% margin, 6.4% beat) Management reiterated its full-year Adjusted EPS guidance of $8.27 at the midpoint Operating Margin: 17.4%, down from 20.1% in the same quarter last year Free Cash Flow Margin: 11.2%, down from 17.1% in the same quarter last year Organic Revenue fell 1% year on year (-6% in the same quarter last year) Market Capitalization: $13.14 billion 'Our IDEX teams delivered better than expected revenue and profitability in the first quarter of 2025, with all segments exceeding our expectations. Most encouragingly, all of our segments built backlog, mostly accumulating within HST, fueled by an impressive large clean water project win from the Mott team,' said Eric Ashleman, IDEX Corporation President and Chief Executive Officer. Founded in 1988, IDEX (NYSE:IEX) is a global manufacturer specializing in highly engineered products such as pumps, flow meters, and fluidics systems for various industries. A company's long-term performance is an indicator of its overall quality. Any business can put up a good quarter or two, but many enduring ones grow for years. Regrettably, IDEX's sales grew at a tepid 5.9% compounded annual growth rate over the last five years. This fell short of our benchmark for the industrials sector and is a tough starting point for our analysis. We at StockStory place the most emphasis on long-term growth, but within industrials, a half-decade historical view may miss cycles, industry trends, or a company capitalizing on catalysts such as a new contract win or a successful product line. IDEX's recent performance shows its demand has slowed as its revenue was flat over the last two years. We can better understand the company's sales dynamics by analyzing its organic revenue, which strips out one-time events like acquisitions and currency fluctuations that don't accurately reflect its fundamentals. Over the last two years, IDEX's organic revenue averaged 2.1% year-on-year declines. Because this number is lower than its normal revenue growth, we can see that some mixture of acquisitions and foreign exchange rates boosted its headline results. This quarter, IDEX reported modest year-on-year revenue growth of 1.7% but beat Wall Street's estimates by 1.1%. Looking ahead, sell-side analysts expect revenue to grow 4.5% over the next 12 months. Although this projection implies its newer products and services will fuel better top-line performance, it is still below the sector average. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Operating margin is one of the best measures of profitability because it tells us how much money a company takes home after procuring and manufacturing its products, marketing and selling those products, and most importantly, keeping them relevant through research and development. IDEX has been a well-oiled machine over the last five years. It demonstrated elite profitability for an industrials business, boasting an average operating margin of 22.1%. This result isn't surprising as its high gross margin gives it a favorable starting point. Looking at the trend in its profitability, IDEX's operating margin decreased by 2.2 percentage points over the last five years. This raises questions about the company's expense base because its revenue growth should have given it leverage on its fixed costs, resulting in better economies of scale and profitability. This quarter, IDEX generated an operating profit margin of 17.4%, down 2.7 percentage points year on year. Since IDEX's operating margin decreased more than its gross margin, we can assume it was less efficient because expenses such as marketing, R&D, and administrative overhead increased. We track the long-term change in earnings per share (EPS) for the same reason as long-term revenue growth. Compared to revenue, however, EPS highlights whether a company's growth is profitable. IDEX's unimpressive 6% annual EPS growth over the last five years aligns with its revenue performance. This tells us it maintained its per-share profitability as it expanded. Like with revenue, we analyze EPS over a shorter period to see if we are missing a change in the business. IDEX's two-year annual EPS declines of 3.1% were bad and lower than its flat revenue. In Q1, IDEX reported EPS at $1.75, down from $1.89 in the same quarter last year. Despite falling year on year, this print beat analysts' estimates by 6.7%. Over the next 12 months, Wall Street expects IDEX's full-year EPS of $7.75 to grow 7.8%. We enjoyed seeing IDEX beat analysts' EBITDA expectations this quarter. We were also glad its organic revenue outperformed Wall Street's estimates. On the other hand, its EPS guidance for next quarter missed. Zooming out, we think this was a good print with some key areas of upside. The stock remained flat at $173.97 immediately after reporting. Sure, IDEX had a solid quarter, but if we look at the bigger picture, is this stock a buy? What happened in the latest quarter matters, but not as much as longer-term business quality and valuation, when deciding whether to invest in this stock. We cover that in our actionable full research report which you can read here, it's free. Sign in to access your portfolio
Yahoo
01-05-2025
- Business
- Yahoo
IDEX Corporation (IEX): Among Billionaire Ken Fisher's Industrial Stock Picks with Huge Upside Potential
We recently published a list of . In this article, we are going to take a look at where IDEX Corporation (NYSE:IEX) stands against other billionaire Ken Fisher's industrial stock picks with huge upside potential. The economy strongly influences industrial stocks, which have fallen during recent downturns. However, 2025 looks like a key year for this sector, with these companies working in manufacturing, shipping, and aerospace, and investors are now focusing on businesses that adapt quickly to global shifts. The industrial sector grew 26% in 2024, showing strength despite high inflation and weak global demand. Going into 2025, these stocks are getting more attention thanks to new growth drivers and better economic conditions. Even with possible higher tariffs under Trump's trade policies, the outlook remains positive. President Trump has proposed a 25% tariff on steel and aluminum from countries like South Korea, Vietnam, and Canada. These tariffs might raise costs and also boost U.S. infrastructure and manufacturing spending; as Canada's Innovation Minister Francois-Philippe Champagne said, 'Canadian steel and aluminum support key industries in the U.S., from defense, shipbuilding, and auto. We will continue to stand up for Canada, our workers, and our industries.' All in all, this trade shift could help American industrial companies, especially those bringing supply chains back home. Moreover, lower interest rates should help the sector by increasing construction and housing projects in 2025. On the other hand, falling mortgage rates will attract more homebuyers, creating demand for building materials and equipment. Ken Fisher said, 'Investors are ignoring some of these positive developments,' pointing to an overlooked chance in housing-related businesses. Aerospace is also making a comeback through airlines' need to replace aging planes, driving demand for maintenance and parts, which demonstrates significant progress in aerospace-based companies. Meanwhile, only 25% of the $1.9 trillion in planned North American infrastructure projects have started construction, suggesting big growth ahead for equipment providers and construction companies. In 2025, industrial stocks look promising due to clean technology and automation advancements. As reported in Deloitte's 2025 Manufacturing Industry Outlook, over $31 billion went into clean-tech manufacturing facilities in 2024, showing a move toward sustainability. With decreasing interest rates and high demand for environmentally friendly tech, these investments are highly probable to drive growth in the industry. Ken Fisher noted made the following comment about the current situation: 'The fear is bigger than the problem can be. Single-period stock market comparisons are always iffy, but it may well be this goes something like the 1998 stock market correction leading to a 26% annual return.' His view suggests a more positive review of the industrial sector, predicting it will grow despite tariff concerns. With investments in automation, clean tech, and domestic production, these stocks have strong long-term potential even with short-term challenges. To compile this list, we reviewed Ken Fisher's SEC Q4 2024 13F filings. We picked 10 stocks with the highest upside potential from their current levels as of time of writing this article. Finally, we ranked the stocks in ascending order based on their highest analyst upside potential while also outlining hedge fund sentiment regarding these stocks, as per Insider Monkey's database of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). A worker in a laboratory coat checking a Positive Displacement Pump. Number of Hedge Fund Holders: 34 Upside Potential: 27.97% IDEX Corporation (NYSE:IEX) delivers key industrial solutions in fluid management, life sciences, and safety tech. It works through three main segments: Fluid & Metering Technologies, Health & Science Technologies, and Fire & Safety/Diversified Products. The company serves vital markets like life sciences, semiconductors, chemical processing, firefighting, and aerospace with pumps, valves, and specialty systems. IDEX ranks among the top industrial tech stocks for investors, and Ken Fisher currently owns about $2,891,859 in company shares. In the Q4 ended December 31, 2024, IDEX Corporation (NYSE:IEX) showed $863 million in revenue, up 9% from last year, with organic sales growing 3%. Meanwhile, orders jumped 8%, helping boost quarterly adjusted EBITDA margin by 60 basis points to 26.4%. Yet 2024's full-year revenue stayed flat at $3.3 billion, with organic sales dropping 2%, and adjusted earnings per share fell 4% to $7.89. The company generated strong free cash flow of $603 million, converting 101% of adjusted net income. Furthermore, the Health & Science Technologies segment led Q4 order activity, shipping $40 million in project work, while the company's Fire & Safety/Diversified Products hit record quarterly sales. Management highlighted integration across five collaborative groups, making up over half of the total revenue. Despite tough market conditions, strong blanket orders from Q4 should boost 2025 volume. The semiconductor market is also expected to improve in the second half of next year. For 2025, IDEX Corporation (NYSE:IEX) expects 1-3% organic growth with adjusted earnings between $8.10 and $8.45 per share—a 3-7% increase over 2024. The first quarter will likely see a 3-4% organic decline due to tough comparisons with last year. However, management expects a $0.43 earnings boost from platform improvements. The company plans $21-25 million in restructuring costs, with revenue and earnings weighted toward the year's second half. IDEX continues focusing on strategic acquisitions, with its recent Mott acquisition doing better than expected. With a solid balance sheet and 2.2x gross leverage ratio, IDEX Corporation (NYSE:IEX) keeps looking for good deals—80% of its recent acquisitions were proprietary deals. Overall, IEX ranks 6th on our list of billionaire Ken Fisher's industrial stock picks with huge upside potential. While we acknowledge the potential of IEX, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than IEX but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
