Buy Or Sell Opportunity • Jun 30
Now 21% undervalued Over the last 90 days, the stock has risen 19% to €196. The fair value is estimated to be €247, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 8.9%. For the next 3 years, revenue is forecast to grow by 6.1% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Aankondiging • Jun 29
IDEX Corporation to Report Q2, 2026 Results on Jul 29, 2026 IDEX Corporation announced that they will report Q2, 2026 results Pre-Market on Jul 29, 2026 Declared Dividend • Jun 25
First quarter dividend of US$0.73 announced Shareholders will receive a dividend of US$0.73. Ex-date: 6th July 2026 Payment date: 24th July 2026 Dividend yield will be 1.3%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has increased by an average of 8.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 40% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Jun 18
IDEX Corporation Declares Regular Quarterly Cash Dividend, Payable on July 24, 2026 IDEX Corporation announced that its Board of Directors has approved a regular quarterly cash dividend of $0.73 per common share. This dividend will be paid July 24, 2026 to shareholders of record as of July 6, 2026. This dividend represents the company’s 127th consecutive regular quarterly cash dividend payment. Declared Dividend • May 20
First quarter dividend of US$0.73 announced Shareholders will receive a dividend of US$0.73. Ex-date: 22nd May 2026 Payment date: 5th June 2026 Dividend yield will be 1.5%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has increased by an average of 8.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 40% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • May 08
Idex Corporation Declares Regular Quarterly Cash Dividend, Payable on June 5, 2026 IDEX CORPORATION announced that its Board of Directors has approved a regular quarterly cash dividend of $0.73 per common share. This dividend will be paid June 5, 2026 to shareholders of record as of May 22, 2026. This dividend represents the company’s 126th consecutive regular quarterly cash dividend payment. Aankondiging • Apr 02
IDEX Corporation to Report Q1, 2026 Results on Apr 29, 2026 IDEX Corporation announced that they will report Q1, 2026 results Pre-Market on Apr 29, 2026 Aankondiging • Mar 27
IDEX Corporation, Annual General Meeting, May 06, 2026 IDEX Corporation, Annual General Meeting, May 06, 2026. Aankondiging • Feb 11
IDEX Corporation Announces Elimination of Roopa Unnikrishnan, Chief Strategy and Innovation Officer Position Effective February 28, 2026 IDEX Corporation notified Roopa Unnikrishnan, Senior Vice President, Chief Strategy and Innovation Officer, and a current named executive officer of the Company, of the elimination of her position effective February 28, 2026. In connection with Ms. Unnikrishnan's separation of employment, the Company expects to enter into a separation agreement with Ms. Unnikrishnan under the terms of Ms. Unnikrishnan's letter agreement with the Company for a termination without cause, as described in the Company's Proxy Statement filed with the United States Securities and Exchange Commission on March 26, 2025. Aankondiging • Jan 13
IDEX Corporation to Report Q4, 2025 Results on Feb 04, 2026 IDEX Corporation announced that they will report Q4, 2025 results Pre-Market on Feb 04, 2026 Aankondiging • Nov 14
IDEX Corporation Declares Regular Quarterly Cash Dividend, Payable on January 30, 2026 IDEX CORPORATION announced that its Board of Directors has approved a regular quarterly cash dividend of $0.71 per common share. This dividend will be paid January 30, 2026 to shareholders of record as of January 16, 2026. Aankondiging • Oct 29
IDEX Corporation Revises Earnings Guidance for 2025 IDEX Corporation revised earnings guidance for 2025. Full Year 2025 GAAP diluted EPS narrowed to $6.35 to $6.40. Full year 2025 organic sales growth of approximately 1% remains unchanged. It expects estimated reported net income of $478.0 to $481.6 million and estimated net sales of $3,445.3 to $3,461.3 million. Aankondiging • Oct 11
IDEX Corporation to Report Q3, 2025 Results on Oct 29, 2025 IDEX Corporation announced that they will report Q3, 2025 results Pre-Market on Oct 29, 2025 Aankondiging • Sep 19
IDEX Corporation Declares Regular Quarterly Cash Dividend, Payable on October 24, 2025 The Board of IDEX Corporation approved a regular quarterly cash dividend of $0.71 per common share. This dividend will be paid on October 24, 2025 to shareholders of record as of October 10, 2025. This dividend represents the company’s 124th consecutive regular quarterly cash dividend payment. Aankondiging • Jul 08
IDEX Corporation to Report Q2, 2025 Results on Jul 30, 2025 IDEX Corporation announced that they will report Q2, 2025 results Pre-Market on Jul 30, 2025 Aankondiging • Jun 19
IDEX Corporation Declares Regular Quarterly Cash Dividend, Payable on July 25, 2025 IDEX Corporation announced that its Board of Directors has approved a regular quarterly cash dividend of $0.71 per common share. This dividend will be paid July 25, 2025 to shareholders of record as of July 11, 2025. Aankondiging • May 09
Idex Corporation Declares Regular Quarterly Cash Dividend, Payable on May 30, 2025 IDEX CORPORATION announced that its Board of Directors has approved a regular quarterly cash dividend of $0.71 per common share. This dividend will be paid May 30, 2025 to shareholders of record as of May 19, 2025. This dividend represents the company’s 122nd consecutive regular quarterly cash dividend payment. Aankondiging • May 01
IDEX Corporation Provides Earnings Guidance for the Second Quarter and Full Year 2025 IDEX Corporation provided earnings guidance second quarter and full year 2025. In the second quarter 2025, the Company expects to generate GAAP diluted EPS of $1.60 - $1.72, based on expected second quarter 2025 organic sales growth of 0% to 2%. Net income to be in range of $121.3 million to $130.1 million. Net sales to be in range of $854.3 million to $870.4 million.
For 2025, the Company expects to generate GAAP diluted EPS of $6.56 - $6.95, based on expected full year organic sales growth of 1% to 3%. Net income to be in range of $498.8 million to $527.7 million. Net sales to be in range of $3,415.5 million to $3,480.9 million. Aankondiging • Apr 15
IDEX Corporation to Report Q1, 2025 Results on May 01, 2025 IDEX Corporation announced that they will report Q1, 2025 results Pre-Market on May 01, 2025 Aankondiging • Mar 27
IDEX Corporation, Annual General Meeting, May 08, 2025 IDEX Corporation, Annual General Meeting, May 08, 2025. Aankondiging • Feb 21
IDEX Corporation Announces Board Changes IDEX Corporation announced the appointment of Stephanie (Steph) Disher and Matthijs Glastra to the company's Board of Directors. The appointments, effective February 21, 2025, increase the size of the Board from 10 to 12 directors. Ms. Disher will serve on the Boards Nominating and Corporate Governance Committee, and Mr. Glastra will serve on the Boards Audit Committee. Ms. Disher currently serves as Chief Executive Officer of Atmus Filtration Technologies Inc. She has extensive global leadership experience in finance and operations from her time at Atmus, Cummins Inc. and BP, p.l.c. Mr. Glastra currently serves as Chair and Chief Executive Officer of Novanta Inc. He brings significant international operations, innovation, M&A, and strategic experience to the Board from his time at Novanta and from various leadership positions earlier in his career at Koninklijke Philips, N.V. Ms. Disher holds a bachelor of commerce degree from the University of Western Sydney, Australia and a master of business administration from the University of Melbourne, Australia. Mr. Glastra holds a master of science degree in applied physics from Delft University of Technology in the Netherlands, an advanced engineering degree from ESPCI in Paris, France, and a master of business administration from INSEAD in Fontainebleau, France. In addition to the appointment of two new directors, David Parry and Livingston (Tony) Satterthwaite have announced that they will be retiring from the Board following the 2025 IDEX Annual Meeting of Stockholders and will not be standing for re-election. Aankondiging • Feb 05
IDEX Corporation Provides Earnings Guidance for the First Quarter and Full Year of 2025 IDEX Corporation provided earnings guidance for the first quarter and full year of 2025. First quarter 2025 organic sales are projected to decrease 3% to 4% from the prior year period. GAAP diluted EPS to be in the range of $1.18 to $1.24. Estimated reported net income to be in the range of $89.8 to $94.8. Estimated net sales to be in the range of $799.5 million to $805.7 million.
Full year organic sales are projected to increase 1% to 3% over the prior year. GAAP diluted EPS to be in the range of $6.56 to $6.96. Estimated reported net income to be in the range of $499.9 to $530.0. Estimated net sales to be in the range of $3,393.6 million to $3,457.6 million. Declared Dividend • Nov 17
Third quarter dividend of US$0.69 announced Shareholders will receive a dividend of US$0.69. Ex-date: 17th January 2025 Payment date: 31st January 2025 Dividend yield will be 1.2%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 50% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Nov 14
IDEX Corporation Declares Regular Quarterly Cash Dividend, Payable on January 31, 2025 IDEX CORPORATION announced that its Board of Directors has approved a regular quarterly cash dividend of $0.69 per common share. This dividend will be paid January 31, 2025 to shareholders of record as of January 17, 2025. Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: US$1.57 (vs US$2.77 in 3Q 2023) Third quarter 2024 results: EPS: US$1.57 (down from US$2.77 in 3Q 2023). Revenue: US$798.2m (flat on 3Q 2023). Net income: US$119.1m (down 43% from 3Q 2023). Profit margin: 15% (down from 26% in 3Q 2023). Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Aankondiging • Oct 30
IDEX Corporation Revises Earnings Guidance for the Full Year of 2024 IDEX Corporation revised earnings guidance for the full year of 2024. Full year organic sales growth is projected to decline 1% to 2% versus the prior year. Full year GAAP diluted EPS of $6.65 - $6.70 vs. previous guidance of $6.85 - $6.95. Upcoming Dividend • Oct 06
Upcoming dividend of US$0.69 per share Eligible shareholders must have bought the stock before 11 October 2024. Payment date: 25 October 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.5%). Declared Dividend • Sep 21
Second quarter dividend of US$0.69 announced Shareholders will receive a dividend of US$0.69. Ex-date: 11th October 2024 Payment date: 25th October 2024 Dividend yield will be 1.4%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 36% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Sep 19
IDEX Corporation Declares Regular Quarterly Cash Dividend, Payable on October 25, 2024 IDEX Corporation announced that its Board of Directors has approved a regular quarterly cash dividend of $0.69 per common share. This dividend will be paid October 25, 2024 to shareholders of record as of October 11, 2024. Aankondiging • Sep 06
IDEX Corporation (NYSE:IEX) completed the acquisition of Mott Corporation. IDEX Corporation (NYSE:IEX) entered into an agreement to acquire Mott Corporation for $1 billion on July 23, 2024. IDEX will pay all consideration in cash and funded through cash on hand, credit facility borrowing and potential debt issuance. The transaction is subject to regulatory approvals and customary closing conditions. The transaction is expected to close by the end of the third quarter of 2024. The transaction is expected to be accretive to adjusted earnings per share in fiscal year 2026. As of August 21, 2024, IDEX Corporation completed an underwritten public offering of $500.0 million in aggregate principal amount of its 4.950% Senior Notes due 2029 (the “Notes”). The net proceeds from the offering were approximately $495.0 million, after deducting the underwriting discount and estimated offering expenses of approximately $1.7 million payable by the Company. The Company intends to use the net proceeds from the offering, together with available revolving credit facility borrowings and cash on hand, to (i) fund the cash consideration payable by the Company to consummate acquisition Mott Corporation and its subsidiaries and (ii) pay fees and expenses in respect of the foregoing. Miguel Vega, Barbara Borden, Heather Harrington and Rachel Katz of Cooley LLP acted as legal advisor and Harris Williams LLC acted as financial advisor to Mott Corporation. Sara Garcia Duran, Courtney J. Gilberg, Sally Wagner Partin, James W. Lowe, Patrick J. Harrison, Edward W. Sharon, Michael P. Heinz, Eric M. Winwood, Heather M. Palmer, Arif S. Noorani, Howard J. Stanislawski, Jen Fernandez, Sven De Knop, Scott J.F. Goldstein, Natalie C. Chan, Colleen Theresa Brown, Elizabeth K. McCloy, Suresh T. Advani, Stephen M. Fronk and Dusan Clark of Sidley Austin LLP with offices in the US, Munich, London and Brussels acted as legal advisors to IDEX Corporation in the transaction,
IDEX Corporation (NYSE:IEX) completed the acquisition of Mott Corporation on September 5, 2024. The acquisition includes subsidiaries of Mott. Reported Earnings • Aug 01
Second quarter 2024 earnings released: EPS: US$1.87 (vs US$1.83 in 2Q 2023) Second quarter 2024 results: EPS: US$1.87 (up from US$1.83 in 2Q 2023). Revenue: US$807.2m (down 4.6% from 2Q 2023). Net income: US$141.3m (up 1.9% from 2Q 2023). Profit margin: 18% (up from 16% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Aankondiging • Aug 01
IDEX Corporation Provides Earnings Guidance for the Third Quarter of 2024 IDEX Corporation provided earnings guidance for the third quarter of 2024. For the quarter, the company’s organic sales are projected to be 0% to 1% over the prior year period and GAAP diluted EPS of $1.61 to $1.66. Net sales to be in the range of $782.0 million to $791.5 million and reported net income to be in the range of $123.1 million to $127.0 million. Aankondiging • Jul 23
IDEX Corporation (NYSE:IEX) entered into an agreement to acquire Mott Corporation for $1 billion. IDEX Corporation (NYSE:IEX) entered into an agreement to acquire Mott Corporation for $1 billion on July 23, 2024. IDEX will pay all consideration in cash and funded through cash on hand, credit facility borrowing and potential debt issuance. The transaction is subject to regulatory approvals and customary closing conditions. The transaction is expected to close by the end of the third quarter of 2024. The transaction is expected to be accretive to adjusted earnings per share in fiscal year 2026. Upcoming Dividend • Jul 08
Upcoming dividend of US$0.69 per share Eligible shareholders must have bought the stock before 12 July 2024. Payment date: 26 July 2024. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (3.5%). Declared Dividend • Jun 24
Dividend of US$0.69 announced Shareholders will receive a dividend of US$0.69. Ex-date: 12th July 2024 Payment date: 26th July 2024 Dividend yield will be 1.3%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (25% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 37% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Jun 21
IDEX Corporation Declares Regular Quarterly Cash Dividend, Payable on July 26, 2024 IDEX Corporation 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. Aankondiging • Jun 05
Interpump Group S.p.A. (BIT:IP) acquired Alfa Valvole Srl from IDEX Corporation (NYSE:IEX) for €55.2 million. Interpump Group S.p.A. (BIT:IP) acquired Alfa Valvole Srl from IDEX Corporation (NYSE:IEX) for €55.2 million on June 3, 2024. In 2023, the Company generated revenues of approximately €28 million, with an EBITDA margin of approximately 26% and cash of €11 million. The total price of the transaction was set at €55.2 million.Interpump Group S.p.A. (BIT:IP) completed the acquisition of Alfa Valvole Srl from IDEX Corporation (NYSE:IEX) on June 3, 2024. Aankondiging • May 08
IDEX Corporation Approves Regular Quarterly Cash Dividend, Payable on May 31, 2024 IDEX Corporation announced that its Board of Directors has approved a regular quarterly cash dividend of $0.69 per common share. This dividend will be paid May 31, 2024 to shareholders of record as of May 17, 2024. This dividend represents the company’s 118th consecutive regular quarterly cash dividend payment. Reported Earnings • Apr 24
First quarter 2024 earnings released: EPS: US$1.60 (vs US$1.85 in 1Q 2023) First quarter 2024 results: EPS: US$1.60 (down from US$1.85 in 1Q 2023). Revenue: US$800.5m (down 5.3% from 1Q 2023). Net income: US$121.4m (down 13% from 1Q 2023). Profit margin: 15% (down from 17% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Aankondiging • Apr 24
IDEX Corporation Provides Earnings Guidance for the Second Quarter of 2024 and Full Year 2024 IDEX Corporation provided earnings guidance for the second quarter of 2024 and full year 2024. For the quarter, the company organic sales are projected to decline 2% to 3% over the prior year period and GAAP diluted EPS of $1.75 to $1.80. For the full year, the company organic sales growth is projected to be 0% to 2% over the prior year and GAAP diluted EPS of $7.13 to $7.43. Aankondiging • Mar 27
IDEX Corporation, Annual General Meeting, May 07, 2024 IDEX Corporation, Annual General Meeting, May 07, 2024, at 09:00 Central Standard Time. Agenda: To consider election of the three Class II members of the IDEX Board of Directors named in this proxy statement, each for a term of three years; to approve named executive officer compensation; to consider approval of the IDEX Corporation 2024 Incentive Award Plan; to consider ratification of the appointment of Deloitte & Touche LLP as independent registered accounting firm for 2024; to consider a stockholder proposal, if properly presented, regarding a report on hiring practices related to people with arrest or incarceration records; and to transact such other business as may properly come before the 2024 Annual Meeting or any adjournment or postponement thereof. Reported Earnings • Feb 25
Full year 2023 earnings released: EPS: US$7.89 (vs US$7.75 in FY 2022) Full year 2023 results: EPS: US$7.89 (up from US$7.75 in FY 2022). Revenue: US$3.27b (up 2.9% from FY 2022). Net income: US$596.1m (up 1.6% from FY 2022). Profit margin: 18% (in line with FY 2022). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 07
Full year 2023 earnings released: EPS: US$7.89 (vs US$7.75 in FY 2022) Full year 2023 results: EPS: US$7.89 (up from US$7.75 in FY 2022). Revenue: US$3.27b (up 2.9% from FY 2022). Net income: US$596.1m (up 1.6% from FY 2022). Profit margin: 18% (in line with FY 2022). Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Aankondiging • Feb 07
IDEX Corporation Provides Earnings Guidance for the First Quarter of 2024 and Full Year of 2024 IDEX Corporation provided earnings guidance for the first quarter of 2024 and full year of 2024. First quarter 2024 organic sales are projected to decline 6% to 7% from the prior year period, with GAAP diluted EPS of $1.45 to $1.50. Full year 2024 organic sales growth is projected to be 0% to 2% over the prior year, with GAAP diluted EPS of $7.15 to $7.45. Buy Or Sell Opportunity • Jan 25
Now 21% undervalued Over the last 90 days, the stock has risen 3.3% to €189. The fair value is estimated to be €238, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings are also forecast to grow by 7.8% per annum over the same time period. Buying Opportunity • Jan 13
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 1.2%. The fair value is estimated to be €236, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings is also forecast to grow by 7.6% per annum over the same time period. Aankondiging • Dec 15
IDEX Corporation (NYSE:IEX) completed the acquisition of Superior Technical Ceramics Corp. from Artemis Capital Partners II, L.P., managed by Artemis Capital Partners Management Co., LLC for approximately $210 million. IDEX Corporation (NYSE:IEX) has entered into a definitive agreement to acquire Superior Technical Ceramics Corp. from Artemis Capital Partners II, L.P., managed by Artemis Capital Partners Management Co., LLC for approximately $210 million on October 30, 2023. The consideration of $206 million subject to customary post-closing adjustments. DEX expects the transaction to close by late-2023, subject to regulatory approvals. This acquisition is expected to be funded by IDEX using cash on hand and proceeds from its revolving credit facility.
IDEX Corporation (NYSE:IEX) completed the acquisition of Superior Technical Ceramics Corp. from Artemis Capital Partners II, L.P., managed by Artemis Capital Partners Management Co., LLC on December 14, 2023. STC will be included in the Health & Science Technologies (HST) segment. Buying Opportunity • Dec 12
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 5.8%. The fair value is estimated to be €237, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 5.3% per annum. Earnings is also forecast to grow by 6.9% per annum over the same time period. Aankondiging • Nov 09
IDEX Corporation Declares Regular Quarterly Cash Dividend, Payable on January 26, 2024 IDEX CORPORATION announced that its Board of Directors has approved a regular quarterly cash dividend of $0.64 per common share. This dividend will be paid January 26, 2024 to shareholders of record as of January 12, 2024. Aankondiging • Oct 27
IDEX Corporation Names Abhi Khandelwal as Senior Vice President, Effective November 20, 2023 IDEX Corporation announced the appointment of Abhi Khandelwal as Senior Vice President of the Company, effective November 20, 2023. Mr. Khandelwal returns to IDEX where he served from 2010 to early 2020 in a number of financial roles of increasing responsibility, most recently as Vice President of Finance Operations, Treasury and Financial Planning & Analysis. He joins IDEX after serving as Chief Financial Officer of Multi-Color Corporation, a global packaging services and label solutions provider based in Rosemont, Illinois since January 2022, and, prior to that, as Senior Vice President and Chief Financial Officer for CIRCOR International. Prior to his initial service with IDEX, Mr. Khandelwal held a range of financial leadership positions at Stanley Black & Decker and General Electric. He earned a Bachelor of Science degree in Finance from Indiana University and a Master of Business Administration degree from Northwestern University. Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: US$2.77 (vs US$2.37 in 3Q 2022) Third quarter 2023 results: EPS: US$2.77 (up from US$2.37 in 3Q 2022). Revenue: US$793.4m (down 3.7% from 3Q 2022). Net income: US$209.1m (up 17% from 3Q 2022). Profit margin: 26% (up from 22% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Oct 05
Upcoming dividend of US$0.64 per share at 1.2% yield Eligible shareholders must have bought the stock before 12 October 2023. Payment date: 27 October 2023. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (2.9%). Buying Opportunity • Sep 11
Now 20% undervalued Over the last 90 days, the stock is up 4.1%. The fair value is estimated to be €251, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 6.2% per annum. Earnings is also forecast to grow by 10.0% per annum over the same time period. Aankondiging • Sep 07
IDEX Corporation Declares Regular Quarterly Cash Dividend, Payable on October 27, 2023 IDEX CORPORATION announced that its Board of Directors has approved a regular quarterly cash dividend of $0.64 per common share. This dividend will be paid October 27, 2023 to shareholders of record as of October 13, 2023. Aankondiging • Sep 01
IDEX Corporation Announces CFO Changes, Effective on September 15, 2023 IDEX Corporation announced the appointment of Allison S. Lausas as interim Chief Financial Officer of the company, following the resignation of Senior Vice President and Chief Financial Officer William K. Grogan who is leaving company to pursue a new professional opportunity. Both changes are effective September 15, 2023. Ms. Lausas joined IDEX two years ago as Vice President and Chief Accounting Officer, and she will continue to serve in the role as well during this interim period. Prior to joining the company, from 2011 to 2021, Ms. Lausas held positions of increasing responsibility at SunCoke Energy Inc., including most recently as interim Senior Vice President, Chief Financial Officer and Controller. Earlier in her career, she worked for KPMG for nine years, where she developed an extensive business and accounting background. Ms. Lausas received her Bachelor of Science degree in Accountancy, Master of Accounting Science and MBA from Northern Illinois University and is a certified public accountant. The company has begun a search to consider both internal and external candidates for the Chief Financial Officer role. Aankondiging • Aug 31
IDEX Corporation Announces Resignation of William K. Grogan as Senior Vice President, Effective on September 15, 2023 IDEX Corporation announced that resignation of Senior Vice President William K. Grogan who is leaving company to pursue a new professional opportunity. The change is effective on September 15, 2023. Aankondiging • Jul 27
IDEX Corporation Provides Earnings Guidance for the Third Quarter and Full Year 2023 IDEX Corporation provided earnings guidance for the third quarter and full year 2023. Third quarter 2023 organic sales are projected to decline 7% to 8% over the prior year period, with GAAP EPS of $1.60 - $1.65. Reported net income to be $121.3 million to $124.5 million. Net sales to be $785.7 million to $795.2 million. Full year 2023 organic sales are projected to decline 1% to 2% over the prior year, with GAAP EPS of $6.80 - $6.90. Reported net income to be $516.6 million to $524.1 million. Net sales to be $3,264.1 million to $3,284.6 million. Reported Earnings • Jul 27
Second quarter 2023 earnings released: EPS: US$1.83 (vs US$1.82 in 2Q 2022) Second quarter 2023 results: EPS: US$1.83 (up from US$1.82 in 2Q 2022). Revenue: US$846.2m (up 6.3% from 2Q 2022). Net income: US$138.6m (flat on 2Q 2022). Profit margin: 16% (in line with 2Q 2022). Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jul 10
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 6.7%. The fair value is estimated to be €236, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 6.4% per annum. Earnings is also forecast to grow by 8.7% per annum over the same time period. Upcoming Dividend • Jul 06
Upcoming dividend of US$0.64 per share at 1.2% yield Eligible shareholders must have bought the stock before 13 July 2023. Payment date: 28 July 2023. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.7%). Buying Opportunity • Jun 23
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 8.1%. The fair value is estimated to be €232, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 6.4% per annum. Earnings is also forecast to grow by 8.7% per annum over the same time period. Aankondiging • Jun 22
IDEX Corporation Approves Regular Quarterly Cash Dividend, Payable on July 28, 2023 IDEX Corporation announced that its Board of Directors has approved a regular quarterly cash dividend of $0.64 per common share. This dividend will be paid July 28, 2023 to shareholders of record as of July 14, 2023. Aankondiging • Jun 15
IDEX Corporation announced that it has received $100 million in funding IDEX Corporation announced that it has entered into a note purchase agreement for a private placement of 5.13% series C senior notes due due June 13, 2028 for proceeds of $100,000,000 on June 13, 2023. The series C notes bear interest at a rate of 5.13% per annum and will mature on June 13, 2028. The transaction included participation from new lenders, NYL Investors LLC, New York Life Group Insurance Company of NY, New York Life Insurance and Annuity Corporation Life Insurance Separate Account (BOLI 3), New York Life Insurance and Annuity Corporation Life Insurance Separate Account (BOLI 3-2), New York Life Insurance & Annuity Corporation Institutionally Separate Account (BOLI 30C) and returning lender, New York Life Insurance Company. The 2028 notes are unsecured obligations of the company and rank pari passu in right of payment with all the company’s other unsecured, unsubordinated debt. The company may at any time prepay all or any portion of any series of notes, provided that such portion is not less than 5% of the aggregate principal amount of such series of notes then outstanding under the purchase agreement. In the case of any other event of default, a majority of the holders of the notes may declare all the notes to be due and payable immediately, in each case subject to certain cure and notice provisions. The 2028 notes have not been, and will not be, registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and any applicable state securities laws. Upcoming Dividend • Jun 01
Upcoming dividend of US$0.64 per share at 1.2% yield Eligible shareholders must have bought the stock before 08 June 2023. Payment date: 23 June 2023. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.9%). Aankondiging • May 26
IDEX Corporation Increases Regular Quarterly Dividend, Payable on June 23, 2023 IDEX CORPORATION announced that its Board of Directors has approved a 7% increase in the company’s regular quarterly cash dividend to $0.64 per common share. This dividend will be paid June 23, 2023 to shareholders of record as of June 9, 2023. This dividend represents the company’s 114th consecutive regular quarterly cash dividend payment. Buying Opportunity • May 17
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be €237, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 7.2% per annum. Earnings is also forecast to grow by 11% per annum over the same time period. Buying Opportunity • Apr 29
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be €233, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 7.0% per annum. Earnings is also forecast to grow by 11% per annum over the same time period. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: US$1.85 (vs US$1.84 in 1Q 2022) First quarter 2023 results: EPS: US$1.85. Revenue: US$845.4m (up 13% from 1Q 2022). Net income: US$139.8m (flat on 1Q 2022). Profit margin: 17% (down from 19% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Reported Earnings • Feb 02
Full year 2022 earnings released: EPS: US$7.75 (vs US$5.91 in FY 2021) Full year 2022 results: EPS: US$7.75 (up from US$5.91 in FY 2021). Revenue: US$3.18b (up 15% from FY 2021). Net income: US$586.9m (up 31% from FY 2021). Profit margin: 18% (up from 16% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 13% per year. Aankondiging • Feb 01
IDEX Provides Earnings Guidance for the First Quarter and Full Year of 2023 IDEX Corporation announced that full year 2023 organic sales growth is projected to be 1% to 5%, with GAAP EPS of $7.55 to $7.85 (adjusted EPS of $8.50 to $8.80). First quarter 2023 organic sales growth is projected to be 3% to 5%, with GAAP EPS of $1.74 to $1.79 (adjusted EPS of $1.98 to $2.03). The first quarter guide reflects specific short-term pressure on results driven by OEM shipment delays and timing of the recognition of share-based compensation. Upcoming Dividend • Jan 05
Upcoming dividend of US$0.60 per share Eligible shareholders must have bought the stock before 12 January 2023. Payment date: 27 January 2023. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (2.7%). Buying Opportunity • Oct 29
Now 21% undervalued Over the last 90 days, the stock is up 4.9%. The fair value is estimated to be €270, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Earnings per share has grown by 9.6%. For the next 3 years, revenue is forecast to grow by 6.6% per annum. Earnings is also forecast to grow by 8.4% per annum over the same time period. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: US$2.37 (vs US$1.52 in 3Q 2021) Third quarter 2022 results: EPS: US$2.37 (up from US$1.52 in 3Q 2021). Revenue: US$824.0m (up 16% from 3Q 2021). Net income: US$178.7m (up 55% from 3Q 2021). Profit margin: 22% (up from 16% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 14% per year. Upcoming Dividend • Oct 06
Upcoming dividend of US$0.60 per share Eligible shareholders must have bought the stock before 13 October 2022. Payment date: 28 October 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (5.4%). Lower than average of industry peers (3.1%). Aankondiging • Jul 27
IDEX Corporation Provides Earnings Guidance for the Year 2022 IDEX Corporation provided earnings guidance for the year 2022. Full year 2022 organic sales growth is projected to be approximately 10%, with a 9% to 10% organic sales increase in the third quarter of 2022 versus the prior year period. The Company expects full year 2022 reported EPS attributable to IDEX of $7.19 to $7.29 (adjusted EPS attributable to IDEX of $7.88 to $7.98) and third quarter 2022 reported EPS attributable to IDEX of $1.80 to $1.85 (adjusted EPS attributable to IDEX of $1.98 to $2.03). Reported Earnings • Jul 27
Second quarter 2022 earnings released: EPS: US$1.82 (vs US$1.35 in 2Q 2021) Second quarter 2022 results: EPS: US$1.82 (up from US$1.35 in 2Q 2021). Revenue: US$796.1m (up 16% from 2Q 2021). Net income: US$138.2m (up 35% from 2Q 2021). Profit margin: 17% (up from 15% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 3.9%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 8% per year. Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: US$1.84 (vs US$1.49 in 1Q 2021) First quarter 2022 results: EPS: US$1.84 (up from US$1.49 in 1Q 2021). Revenue: US$751.1m (up 15% from 1Q 2021). Net income: US$140.0m (up 24% from 1Q 2021). Profit margin: 19% (up from 17% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 5.9%, compared to a 9.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Apr 15
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 8.8%. The fair value is estimated to be €223, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings is also forecast to grow by 11% per annum over the same time period. Buying Opportunity • Mar 12
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be US$213, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has been flat over the last 3 years. Buying Opportunity • Feb 04
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be US$224, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has been flat over the last 3 years. Reported Earnings • Feb 02
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$5.91 (up from US$4.99 in FY 2020). Revenue: US$2.76b (up 18% from FY 2020). Net income: US$449.4m (up 19% from FY 2020). Profit margin: 16% (in line with FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 7.6%, compared to a 10.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Recent Insider Transactions • Nov 13
Insider recently sold €2.0m worth of stock On the 9th of November, Daniel Salliotte sold around 10k shares on-market at roughly €204 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.2m more than they bought in the last 12 months. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS US$1.52 (vs US$1.38 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: US$712.0m (up 23% from 3Q 2020). Net income: US$115.7m (up 12% from 3Q 2020). Profit margin: 16% (down from 18% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Upcoming Dividend • Oct 07
Upcoming dividend of US$0.54 per share Eligible shareholders must have bought the stock before 14 October 2021. Payment date: 29 October 2021. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (3.3%). In line with average of industry peers (1.1%). Upcoming Dividend • Oct 07
Upcoming dividend of US$0.54 per share Eligible shareholders must have bought the stock before 14 October 2021. Payment date: 29 October 2021. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (3.3%). In line with average of industry peers (1.1%). Reported Earnings • Jul 28
Second quarter 2021 earnings released: EPS US$1.35 (vs US$0.94 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$685.9m (up 22% from 2Q 2020). Net income: US$102.2m (up 44% from 2Q 2020). Profit margin: 15% (up from 13% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Upcoming Dividend • Jul 07
Upcoming dividend of US$0.54 per share Eligible shareholders must have bought the stock before 14 July 2021. Payment date: 30 July 2021. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (3.2%). In line with average of industry peers (1.1%). Executive Departure • Jul 04
Executive Officer Jeffrey Bucklew has left the company On the 1st of July, Jeffrey Bucklew's tenure as Executive Officer ended after less than a year in the role. As of March 2021, Jeffrey still personally held 2.74k shares (€490k worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 3.33 years. Executive Departure • Jul 04
Executive Officer Jeffrey Bucklew has left the company On the 1st of July, Jeffrey Bucklew's tenure as Executive Officer ended after less than a year in the role. As of March 2021, Jeffrey still personally held 2.74k shares (€490k worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 3.33 years. Executive Departure • Jul 04
Executive Officer Jeffrey Bucklew has left the company On the 1st of July, Jeffrey Bucklew's tenure as Executive Officer ended after less than a year in the role. As of March 2021, Jeffrey still personally held 2.74k shares (€490k worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 3.33 years. Executive Departure • Jul 04
Executive Officer Jeffrey Bucklew has left the company On the 1st of July, Jeffrey Bucklew's tenure as Executive Officer ended after less than a year in the role. As of March 2021, Jeffrey still personally held 2.74k shares (€490k worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 3.33 years. 
